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Why Entrepreneurs Choose Risky R&D Projects - But Still Not Risky Enough
Färnstrand Damsgaard, Erika; Norbäck, Pehr-Johan; … - Institutet för Näringslivsforskning (IFN) - 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/10010818447
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The Evolving Domain of Entrepreneurship Research
Carlsson, Bo; Braunerhjelm, Pontus; McKelvey, Maureen; … - Centre of Excellence for Science and Innovation … - 2012
Research on entrepreneurship has flourished in recent years and is evolving rapidly. This paper explores the history of … entrepreneurship research, how the research domain has evolved, and its current status as an academic field. The need to concretize … confronting the prize committee of the Global Award for Entrepreneurship Research. Entrepreneurship has developed in many sub …
Persistent link: https://www.econbiz.de/10010818738
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Entrepreneurship policy and globalization
Norbäck, Pehr-Johan; Persson, Lars; Douhan, Robin - In: Journal of Development Economics 110 (2014) C, pp. 22-38
What explains the world-wide trend of pro-entrepreneurial policies? We study entrepreneurial policy in the form of entry costs in a lobbying model taking into account the conflict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more...
Persistent link: https://www.econbiz.de/10011065943
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The Evolving Domain of Entrepreneurship Research
Carlsson, Bo; Braunerhjelm, Pontus; McKelvey, Maureen; … - Swedish Entrepreneurship Forum - 2012
Research on entrepreneurship has flourished in recent years and is evolving rapidly. This paper explores the history of … entrepreneurship research, how the research domain has evolved, and its current status as an academic field. The need to concretize … confronting the prize committee of the Global Award for Entrepreneurship Research. Entrepreneurship has developed in many sub …
Persistent link: https://www.econbiz.de/10010616676
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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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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/10011555580
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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
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Entrepreneurial Innovations and Taxation
Haufler, Andreas; Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2012
Many governments promote small businesses for the dual reasons of fostering ‘breakthrough’ innovations and employment 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...
Persistent link: https://www.econbiz.de/10009399312
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Entrepreneurial Innovations, Competition and Competition Policy
Norbäck, Pehr-Johan; Persson, Lars - 2006
We show that, in the case when innovations are for sale, increased product market competition, captured by reduced product market profits, can increase the incentives for innovations. The reason is that the incentive to innovate depends on the acquisition price which, in turn, might increase...
Persistent link: https://www.econbiz.de/10010320042
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The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists, and Oligopolists
Norbäck, Pehr-Johan; Persson, Lars - 2004
The starting point of this paper is that the exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent...
Persistent link: https://www.econbiz.de/10010320055