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Why entrepreneurs choose risky R&D projects : but still not risky enough
Färnstrand Damsgaard, Erika; Hjertstrand, Per; … - 2016
business stealing effect. Commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. We develop a regression framework to test empirical predictions of the model. Within our …
Persistent link: https://www.econbiz.de/10011549385
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Why entrepreneurs choose risky R&D projects : but still not risky enough
Färnstrand Damsgaard, Erika; Hjertstrand, Per; … - In: The economic journal : the journal of the Royal … 127 (2017) 605, pp. 164-199
Persistent link: https://www.econbiz.de/10011758252
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Why entrepreneurs choose risky R&D projects : but still not risky enough
Färnstrand Damsgaard, Erika; Norbäck, Pehr-Johan; … - 2012
. We also show that commercialization support induces entrepreneurship but may lead to mediocre entrepreneurship by … inducing entrepreneurs to choose less risky projects, whereas R&D support encourages entrepreneurship without affecting the … type of entrepreneurship. Using Swedish patent citation data, we find empirical support for predictions of the model …
Persistent link: https://www.econbiz.de/10009625140
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Creative Destruction and Productive Preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - CESifo - 2013
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...
Persistent link: https://www.econbiz.de/10010877893
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Creative destruction and productive preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2013
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...
Persistent link: https://www.econbiz.de/10010291511