growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation … project and on their mode of commercializing the innovation (market entry versus sale). Limited loss offset provisions in the … fundamental policy trade-off between the declared goals of promoting employment and innovation in small, entrepreneurial firms …

In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government …-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …

, particularly of university scientists, is positively related to innovation; (vi) there are many university spin-offs but these are …