Showing 1 - 10 of 67
drive innovation. …
Persistent link: https://www.econbiz.de/10010266685
A new model of economic growth introduces the knowledge filter between new generic knowledge and economically-useful knowledge. It identifies both the formation of new ventures and the absorptive capacity of incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical...
Persistent link: https://www.econbiz.de/10010270590
Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...
Persistent link: https://www.econbiz.de/10010263837
incumbents are not willing or able to exploit. Accordingly, incumbent innovation determines exploitable knowledge externalities … for spinoffs while, at the same time, spinoffs are expected to influence incumbent innovation. To overcome this problem of … by spinoffs does, indeed, have a positive impact on incumbent innovation. …
Persistent link: https://www.econbiz.de/10010266671
Persistent link: https://www.econbiz.de/10012128131
Persistent link: https://www.econbiz.de/10011883003
Persistent link: https://www.econbiz.de/10011912087
Persistent link: https://www.econbiz.de/10012497092
Persistent link: https://www.econbiz.de/10013454056
An important literature has made a fundamental link between corporate governance and corporate strategy. According to agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This paper suggests that this may not apply in the context of...
Persistent link: https://www.econbiz.de/10010263845