|
on Technology and Industrial Dynamics |
| By: | Simon C Parker |
| Abstract: | This introductory, non-technical, article offers a reflective overview of what Economics adds to our understanding of entrepreneurship. It is designed primarily to showcase to young entrepreneurship scholars several interesting research questions and a toolbox of methods to answer them. First, I will illustrate the kinds of questions that can be posed and answered using Economics. Then I will present and discuss a selective list of "canonical" theoretical and empirical models that form the intellectual bedrock of the Economics of Entrepreneurship. After that, I present and discuss some well-established theoretical contributions and empirical findings that have been generated by the approach. I conclude by discussing aspects of "What we don't know" and should. This part of the article identifies several ideal future trends in research that build on and complement the foundations of entrepreneurship that are delineated in the main body of the article. |
| URL: | http://d.repec.org/n?u=RePEc:esi:egpdis:2005-18&r=tid |
| By: | Sharon A. Alvarez |
| URL: | http://d.repec.org/n?u=RePEc:esi:egpdis:2005-19&r=tid |
| By: | Scott Shane |
| URL: | http://d.repec.org/n?u=RePEc:esi:egpdis:2005-20&r=tid |
| By: | Zoltan J. Acs; David B. Audretsch |
| URL: | http://d.repec.org/n?u=RePEc:esi:egpdis:2005-21&r=tid |
| By: | Max Keilbach; Dirk Engel |
| Abstract: | The paper analyses the impact of venture capital finance on growth and innovation activities of young German firms. Among other variables, our panel of firm data includes data on venture capital funding and patent applications. With statistical matching procedures we draw an adequate control group of nonventure funded but otherwise comparable firms. The analysis confirms other findings that venture funded firms in Germany have higher number of patent applications than those in the control group. However, they do so already before the venture capitalists engagement. After this engagement, the number of patent applications does not differ significantly from that of the control group, however the venture funded firms display significantly larger growthrates. We conclude that the higher innovation output of venture funded firms is mainly driven by the selection process made by the venture capitalist. |
| Keywords: | Firm Demography, Firm StartUps, Firm Growth, Venture Capital, Patented Inventions, Microeconometric Evaluation Methods |
| JEL: | L21 D21 D92 C14 C33 |
| URL: | http://d.repec.org/n?u=RePEc:esi:egpdis:2005-22&r=tid |
| By: | Nadia Jacoby (MATISSE) |
| Abstract: | Evolutionary approaches of the firm devote a part of their analysis to firm behavior and to some processes acting inside the firm , however the internal workings of firms are, most of the time, not deeply analyzed. In this perspective, this paper attemps to investigate whether Ç we can drop internal selection in the evolutionary analysis of the firm È. In ordre to answer this question, we propose a micro-simulation model of internal selection where firms are engaged in production and R&D activities. They carry out two kinds of R&D and do not run any imitation process. Internal selection acts on R&D projects and we measure the impact of the selection mechanism on the firm's performances. The model generates persistent differences between firms according to their internal selection process. |
| Keywords: | Innovation, internal selection, market dynamics, R&D, technological performance |
| JEL: | C63 L11 L21 O32 |
| Date: | 2005–05 |
| URL: | http://d.repec.org/n?u=RePEc:mse:wpsorb:r05042&r=tid |