We examine the role of high-skilled foreign labor in VC-backed startups through two natural experiments. First, we show that winning more H-1B visas in random lotteries enhances VC-backed startups' financial performance, likelihood of going public, and quantity and quality of innovation. Second,...

"Stories and lessons from history's greatest business rivalries, based on the chart-topping Business Wars podcast. Using Chinese military genius Sun Tzu's strategies as a guide, David Brown examines why some companies triumph while others crumble"--

As a vital component of entrepreneurship, innovation spirit is significant for innovation performance. Utilizing the 2015 China Micro and Small Enterprise Survey dataset, we used the Probit and Tobit micro-econometric models to study the relationship between the innovation spirit, research and...