entrepreneurship

Do Intangible Assets and Pre-founding R&D Efforts Matter for
Innovation Speed in Start-Ups

The authors collected a unique dataset on 99 research-based start-ups (RBSUs) and use an event-history approach to test our model. Findings indicate that RBSUs differ significantly in their starting conditions and that these differences have a significant effect on the time it takes to launch the first product.

On the Efficacy of Reforms: Policy Tinkering, Institutional Change, and Entrepreneurship

The authors analyze the interplay of policy reform and entrepreneurship in a model where investment decisions and policy outcomes are both subject to uncertainty. Findings indicate that institutional reforms work best in settings where entrepreneurial activity is weak, while it is likely to produce disappointing outcomes where the cost discovery process is vibrant.