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This paper investigates whether entrepreneurs with technical education are more innovative in high-tech industries than … economists. The main contribution to the literature is in using the type of education as main explanatory variable for innovation … conducted for entrepreneurs with university degree and practical education. The results suggest that education matters for …
Persistent link: https://www.econbiz.de/10010323729
inclusive growth. Given the chronic labour shortages facing SMEs, reforming the education system to reduce labour market …Making SMEs and start-ups a driver of growth and job creation requires a number of policies to improve the performance … of SMEs, whose labour productivity in the manufacturing sector has fallen to less than a third of that in large companies …
Persistent link: https://www.econbiz.de/10011914660
Small start-up firms are the engine of job creation in early transition and yet little is known about the characteristics of this new sector. We seek to identify patterns of job growth in this sector in terms of niches left from central planning and ask about differences in job creation across...
Persistent link: https://www.econbiz.de/10011413646
Audretsch and Fritsch (2002) proposed two explanations for the mixed evidence regarding the relationship between new firm formation and regional development. Firstly, they found evidence for the existence of long time lags needed before the main effects of new firm formation on employment change...
Persistent link: https://www.econbiz.de/10010513682
The purpose of this study is to present a unique database on commercialized patents and to illustrate how it can be used to analyze the commercialization process of patents. The dataset is based on a survey of Swedish patents owned by inventors and small firms with a remarkably high response...
Persistent link: https://www.econbiz.de/10012259861
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/10011742388
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/10003843246
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/10009625140
We examine whether impact investing is more effective in fostering business venture success and social impact when investments are directed toward ventures located in disadvantaged urban areas (that is, areas with high crime, unemployment, and poverty) compared to similar investments directed...
Persistent link: https://www.econbiz.de/10012404445
This paper constructs a Global Entrepreneurship Index (GEINDEX) that captures the contextual feature of entrepreneurship across countries. We find the relationship between entrepreneurship and economic development to be mildly S-shaped not U-shaped or L-shaped. Our findings suggest moving away...
Persistent link: https://www.econbiz.de/10010266685