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Why entrepreneurs choose risky R&D projects : but still not risky enough
Färnstrand Damsgaard, Erika; Norbäck, Pehr-Johan; … - 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/10009625140
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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 more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Preemptive acquisitions by incumbents are shown to stimulate the...
Persistent link: https://www.econbiz.de/10008865973
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The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists
Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2006
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 firms, due to strategic product market effects....
Persistent link: https://www.econbiz.de/10005791605
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The organization of the innovation industry : entrepreneurs, venture capitalists and oligopolists
Norbäck, Pehr-Johan; Persson, Lars - 2009
cost advantages, or if development is associated with double moral hazard problems. -- Acquisitions ; Entrepreneurship …
Persistent link: https://www.econbiz.de/10003809049
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Why big data can make creative destruction more creative - but less destructive
Norbäck, Pehr-Johan; Persson, Lars - 2023
preferable since it stimulates creative entrepreneurship …
Persistent link: https://www.econbiz.de/10014232974
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Entrepreneurial Innovations and Taxation
Persson, Lars - 2013
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 the...
Persistent link: https://www.econbiz.de/10013091094
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Entrepreneurial Innovations, Entrepreneurship Policy and Globalization
Douhan, Robin; Norbäck, Pehr-Johan; Persson, Lars - 2009
What explains the world-wide trend of pro-entrepreneurial policies in the last few decades? We study entrepreneurial policy in a lobbying model taking into account the con.ict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more...
Persistent link: https://www.econbiz.de/10010320207
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Entrepreneurial Innovations, Entrepreneurship Policy and Globalization
Douhan, Robin; Norbäck, Pehr-Johan; Persson, Lars - Institutet för Näringslivsforskning (IFN) - 2009
What explains the world-wide trend of pro-entrepreneurial policies in the last few decades? We study entrepreneurial policy in a lobbying model taking into account the con.ict of interest between entrepreneurs and incumbents. It is shown that international market integration leads to more...
Persistent link: https://www.econbiz.de/10004963484
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Entrepreneurial Innovations, Entrepreneurship Policy and Globalization
Douhan, Robin; Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2010
What explains the world-wide trend of pro-entrepreneurial policies? We study entrepreneurial policy 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 pro-entrepreneurial policies....
Persistent link: https://www.econbiz.de/10008530366
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Large scope business sector reforms: Has the Swedish business sector become more entrepreneurial than the U.S. business sector?
Andersson, Fredrik; Heyman, Fredrik; Norbäck, Pehr-Johan; … - 2016
Recent studies document a 30-year decline in various measures of entrepreneurship in the United States. In contrast … mitigated several hurdles to entrepreneurship. …
Persistent link: https://www.econbiz.de/10011917023