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on Entrepreneurship |
| By: | Steven N. Kaplan; Josh Lerner |
| Abstract: | This paper describes the available data and research on venture capital investments and performance. We comment on the challenges inherent in those data and research as well as possible opportunities to do better. |
| JEL: | G24 L26 |
| Date: | 2016–08 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:22500&r=ent |
| By: | Annie Tubadji (Department of Economics, University of Bologna, Italy); Enrico Santarelli (Department of Economics, University of Bologna, Italy); Roberto Patuelli (Department of Economics, University of Bologna, Italy; The Rimini Centre for Economic Analysis, Italy) |
| Abstract: | Intention toward any occupational choice can be widely categorized as a rational choice process combined with a subjective attitude function. There is extensive literature dealing with the formation of intention toward entrepreneurship in adolescents, in particular as a result of either parental (vertical) transmission of social capital or network effects from peers or neighbours (the latter two being two different levels of horizontal transmission varying in proximity in terms of bonding and bridging). We contribute to this literature by considering the joint effect of all these three levels simultaneously, in order to avoid an underspecification of the model due to omission of important cultural factors. We hypothesize that such three levels identify a mechanism where the individual perception of their importance interacts with their objective characteristics. With data for second-year high-school students, and employing empirical triangulation through Logit and 3SLS methods, we find evidence for a strong parental effect and of secondary peer effects on student intention. We also detect clear endogenous effects from the neighbourhood and the overall cultural context. Moreover, entrepreneurship is confirmed to be perceived, even by students, as a buffer for unemployment and social mobility. |
| Date: | 2016–08 |
| URL: | http://d.repec.org/n?u=RePEc:rim:rimwps:16-23&r=ent |
| By: | Asheim, Bjørn (University of Stavanger); Grillitsch, Markus (CIRCLE, Lund University); Trippl, Michaela (CIRCLE, Lund University) |
| Abstract: | This book chapter provides conceptual and empirical foundations for smart specialisation, a policy approach of far-reaching importance in the European context. We interpret the very notion as “diversified” specialisation into areas of existing or potential competitive advantage, which differentiates a region/nation from others. “Smart” relates to the identification of these areas through a process of entrepreneurial discovery, in which all actors are mobilized to be able to discover domains for securing existing and future competitiveness. Competitive advantage through smart specialization can be promoted in all types of industries but based on the industry specific modes of innovation and knowledge bases, which is illustrated through case studies in Denmark, Sweden, and Norway. Depending on the preconditions, we find that variegated strategies of smart specialisation are pursued, including building the absorptive capacity of DUI based firms by increasing their research based competence (introducing analytical knowledge), combining unrelated knowledge bases to move into new related and unrelated industries, combining related knowledge bases to move into unrelated industries, and moving into high-value added niches by introducing symbolic knowledge in traditional sectors. |
| Keywords: | Smart specialisation; policy; innovation; economic diversification; entrepreneurial discovery; knowledge bases; new path development; competitive advantage; regions |
| JEL: | O18 O30 O38 P48 R10 R58 |
| Date: | 2016–08–12 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:lucirc:2016_023&r=ent |
| By: | Trinh, Long Q. (Asian Development Bank Institute) |
| Abstract: | This paper examines the bidirectional causality between innovation and internationalization in the context of developing countries. Using a dynamic bivariate probit model and adopting a broad definition of internationalization, this paper analyzes these issues using a panel dataset of small and medium-sized enterprises in Viet Nam. The results show a high persistence in process and product innovations and internationalization decisions. Furthermore, we find that, for non-micro firms, past internationalization has a positive effect on process innovation, but past process innovation does not have a significant effect on the internationalization decision. For this group of firms, we also find signs of cross-dependence between process innovation and the internationalization decision. Our results, however, do not show dynamic interdependence between internationalization and product innovation. |
| Keywords: | SME internationalization and innovation; process innovation; cross-dependence; product innovation |
| JEL: | L20 L25 O31 |
| Date: | 2016–08–16 |
| URL: | http://d.repec.org/n?u=RePEc:ris:adbiwp:0580&r=ent |
| By: | Fulvio Castellacci (TIK Centre, University of Oslo); Christine Mee Lie (TIK Centre, University of Oslo) |
| Abstract: | The paper presents a new taxonomy of green innovators. We make use of firm-level data from the Korea Innovation Survey to investigate different types of eco-innovations, how these relate to each other, and what the main drivers and determinants are. Our empirical methodology is based on a combination of factor, cluster and multinomial logit analysis. The taxonomy points out four groups of green innovators: (1) CO2-reducing; (2) waste-reducing; (3) recycling innovators; (4) pollution-reducing. We also find that R&D policies are more relevant factors enhancing innovations in waste-reducing firms, whereas environmental taxes and regulations are more important drivers of technological change for pollution-reducing companies. |
| Date: | 2016–08 |
| URL: | http://d.repec.org/n?u=RePEc:tik:inowpp:20160808&r=ent |
| By: | Ignacio L. De León; José Fernández Donoso (School of Business and Economics, Universidad del Desarrollo) |
| Abstract: | This document analyzes the perception of small innovative enterprises (SIE) in Latin America towards the effectiveness of the legal protection of intellectual property rights (IPR). To analyze the costs of using IPR, we surveyed 352 SIEs from Chile, Colombia, Costa Rica, Ecuador, Mexico, and Peru. We found evidence of SIEs not knowing how the IP system works, and most of them considering that knowing how it works is not important for business performance. We find strong differences between countries in the need to hire legal services to apply for IPR. We also fin differences in the perception of the IP system efficiency, and the evaluations are not related to the country´s IPR enforcement (Park 2008). We also find differences in the perception of disadvantage to protect their IPR if imitated by a big firm. This difference is related to the country´s IPR enforcement |
| Keywords: | Intellectual property rights, intellectual capital, Innovation, Latin America, Small business, Entrepreneurship |
| Date: | 2016–08 |
| URL: | http://d.repec.org/n?u=RePEc:dsr:wpaper:37&r=ent |