This paper examines the where, when and why of first round entrepreneurial investment activity in the United States …

to states of uncertainty be explicitly dealt with. We argue that ‘knowledge,’ because of the existence of uncertainty is …

We compare investment in innovation (e.g., R&D) between new venture start-ups before commercialization and operating … investment (e.g., plant, property, and equipment to begin production), prospective earnings convert into actual earnings. In a …

Entrepreneurs, creators of new firms, are a rare species. Even in innovation-driven economies, only 1-2% of the work … environment is receptive to innovation. In addition, policymakers need to prepare for the potential job losses that can occur in …

innovation, trying to map - using the taxonomies put forward by the innovation literature - the concrete ways through which a … into globalized markets where domestic innovation has to be complemented by the role played by international technological … transfer. Among the ways how a middle income country can foster domestic innovation and structural change in terms of sectoral …

In this paper, we describe the historical co-evolution of innovation and economic growth in Germany since 1871. The … country's rise as an industrial power in the late 19th century, through its innovation and entrepreneurial performance, is … nevertheless a period during which innovation went into relative decline. We document this decline and offer four broad …

We describe Germany's rise as an industrial power in the late 19th century through radical innovation and … miracle, was nevertheless a period during which innovation slowed down - a somewhat surprising conclusion, but consistent with … innovation indicators, and offer four broad, interrelated explanations in a historical context: (i) the innovation system is …

We focus on both individual and local uncertainty to explain the innovation potential of entrepreneurs in the NUTS1 UK … choices are truncated is taken as a determinant of an entrepreneur's innovation decision. GEM (Global Entrepreneurship Monitor … the issue of selection bias (due to uncertainty) and that of zero-inflated data (i.e., presence of only a few highly …

innovation-related initiatives, one of which was the National Cooperative Research Act (NCRA) of 1984. It has been argued that …

This contribution proposes a model of entrepreneurial activity highlighting a complex relationship between innovation … and stigma of failure. Innovation decisions are examined in an endogenous growth model with horizontal differentiation in … production costs, and face a risk of failure. If an entrepreneur fails in this innovation process, the firm remains on the market …