WHY ENTREPRENEURS CHOOSE RISKY R&D PROJECTS - BUT STILL NOT RISKY ENOUGH

• Tipo: Artigo em Revista Científica Internacional
• Data: 2017

Autores

Damsgaard, EF (Autor) Outra; Hjertstrand, P (Autor) Outra; Norback, PJ (Autor) Outra; Persson, L (Autor) Outra; Helder Vasconcelos (Autor) FEP

Revista

Título: Economic Journal

Vol. 127

Páginas: F164-F199

ISSN: 0013-0133

Editora: Wiley-Blackwell

Indexação

ISI Web of Knowledge - 12 Citações

Scopus - 14 Citações

Outras Informações

ID Authenticus: P-00N-60R

DOI: 10.1111/ecoj.12470

Abstract (EN): This article examines how entrepreneurs and incumbents differ in their R&D strategies. We show that entrepreneurs have incentives to choose projects with a higher risk and a higher potential in order to reduce expected entry costs. If products are not too differentiated, entrepreneurs will select projects that are too safe from a social point of view, since they do not internalise the business stealing effect on incumbents. Entry support induces entrepreneurs to choose safer projects, whereas R&D support encourages entrepreneurship without affecting the type of entrepreneurship.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 36