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Why entrepreneurs choose risky R&D projects : but still not risky enough

Färnstrand Damsgaard, Erika; Norbäck, Pehr-Johan; … - 2012

. -- Entrepreneurship ; Innovation ; Start-ups ; Ownership ; Breakthrough ; Quality …

Persistent link: https://www.econbiz.de/10009625140

Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - C.E.P.R. Discussion Papers - 2011

We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is …

Persistent link: https://www.econbiz.de/10008865973

Verifying high quality: Entry for sale

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2017

When and how do entrepreneurs sell their inventions? To address this issue, we develop an endogenous entry-sale asymmetric information oligopoly model. We show that lowquality inventions are sold directly or used for own entry. Inventors who sell post-entry use entry to credibly reveal...

Persistent link: https://www.econbiz.de/10011917062

Verifying high quality : entry for sale

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2017

Persistent link: https://www.econbiz.de/10011742388

The organization of the innovation industry : entrepreneurs, venture capitalists and oligopolists

Norbäck, Pehr-Johan; Persson, Lars - 2009

sales price of a developed innovation. This will trigger preemptive acquisitions by incumbents, thus increasing the reward … ; Innovation ; Venture Capital …

Persistent link: https://www.econbiz.de/10003809049

Entrepreneurial Innovations and Taxation

Persson, Lars - 2013

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 …

Persistent link: https://www.econbiz.de/10013091094

Why entrepreneurs choose risky R&D projects : but still not risky enough

Färnstrand Damsgaard, Erika; Hjertstrand, Per; … - 2016

This paper examines how entrepreneurs and incumbents differ in R&D strategies. We show that entrepreneurs have incentives to choose projects with higher risk and a higher potential in order to reduce expected commercialization costs. However, entrepreneurs may still select too safe projects from...

Persistent link: https://www.econbiz.de/10011549385

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

Why Entrepreneurs Choose Risky R&D Projects - But Still Not Risky Enough

Färnstrand Damsgaard, Erika; Norbäck, Pehr-Johan; … - Institutet för Näringslivsforskning (IFN) - 2012

Entrepreneurs face higher commercialization costs than incumbents. We show that this implies that entrepreneurs will choose more risky projects than incumbents, aiming to reduce their high expected marginal commercialization cost. However, entrepreneurs may select too safe projects from a social...

Persistent link: https://www.econbiz.de/10010818447

Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2009

We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Moreover, preemptive...

Persistent link: https://www.econbiz.de/10010320309