References of "Economics of Innovation and New Technology"
     in
Bookmark and Share    
Full Text
Peer Reviewed
See detailDoes blockchain technology democratize entrepreneurial finance? An empirical comparison of ICOs, venture capital, and REITs
Fisch, Christian UL; Meoli, Michele; Vismara, Silvio

in Economics of Innovation and New Technology (in press)

Initial coin offerings (ICOs) are one of the major innovations that characterize the digital revolution of financial markets. Among the expectations created by the digital revolution is the ... [more ▼]

Initial coin offerings (ICOs) are one of the major innovations that characterize the digital revolution of financial markets. Among the expectations created by the digital revolution is the democratization of entrepreneurial finance, defined in terms of the creation of more equality regarding the access to financial resources by categories known to be underrepresented among potential entrepreneurs. Following this line of research, we investigate, through two complementary empirical studies, whether gender, ethnicity, and geography affect the choice of ICOs vs. traditional financing alternatives. Additionally, we assess whether these characteristics increase the amount of money an entrepreneur can raise. In Study I, we compare 390 ICO ventures to a sample of 1,078 VC-backed blockchain ventures, identifying a negative correlation between the choice of an ICO (vs. VC-backing) and a location in an urban area. In Study II, we compare 160 ICO ventures to 163 real estate investment trusts (REITs), reaffirming the results of Study I. The findings show significant participation and likelihood of successful campaigns for ethnical minorities in ICOs, with the latter also being able to collect, ceteris paribus, larger amounts of funding. In contrast, female entrepreneurs do not have higher chances to participate nor raise funds in ICOs. [less ▲]

Detailed reference viewed: 32 (5 UL)
Full Text
Peer Reviewed
See detailNew product and service launching in new ventures: A multilevel approach to innovation antecedents
Geraudel, Mickaël UL; Gast, Johanna; Gundolf, Katherine

in Economics of Innovation and New Technology (2017), 26(4), 353-367

Macro-economic policies such as public financing seek to push the development and introduction of innovations; however, entrepreneurs also need support in their “day-to-day” activities to improve their ... [more ▼]

Macro-economic policies such as public financing seek to push the development and introduction of innovations; however, entrepreneurs also need support in their “day-to-day” activities to improve their capability to launch innovations. As this micro-level perspective is rarely studied, we analyze both the micro and macro levels by examining the effects of the entrepreneurs’ individual intention to innovate and public financing. Additionally, we include the meso level, representing entrepreneurs’ network. Entrepreneurs are embedded in social spheres in which they capture resources and identify opportunities. But not all entrepreneurs are equally well supported, and some tend to be completely isolated. We thus focus on multilevel factors explaining new product or service launching in new ventures. Drawing on data of 48,251 French new ventures, we reveal that innovation intention and public financing positively impact new ventures’ product and service innovation launching, while entrepreneurs’ isolation has a negative effect. We also highlight two interaction effects that enhance the multilevel effects of innovation antecedents. [less ▲]

Detailed reference viewed: 200 (5 UL)
Full Text
Peer Reviewed
See detailHow Large is the Compensating Wage Differential for R&D Workers?
Dupuy, Arnaud UL; Smits, Wendy

in Economics of Innovation and New Technology (2010)

Detailed reference viewed: 91 (0 UL)
Peer Reviewed
See detailIs Silence Golden? Patents versus Secrecy at the Firm Level
Hussinger, Katrin UL

in Economics of Innovation and New Technology (2006)

In the 1990s, patenting schemes changed in many respects: Upcoming new technologies accelerated the shift from price competition towards competition based on technical inventions, a worldwide surge in ... [more ▼]

In the 1990s, patenting schemes changed in many respects: Upcoming new technologies accelerated the shift from price competition towards competition based on technical inventions, a worldwide surge in patenting took place, and the ‘patent thicket’ arose as a consequence of strategic patenting. This study analyzes the importance of patenting versus secrecy as an effective alternative to protect intellectual property (IP) in the inventions’ market phase. The sales figure with new products is introduced as a new measure of the importance of IP protection tools among product innovating firms. Focusing on German manufacturing in 2000, it turns out that patents are an effective means to protect IP in the market, whereas secrecy seems to be rather important for inventions that are not yet commercialized. [less ▲]

Detailed reference viewed: 160 (7 UL)