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来源类型Working Paper
规范类型报告
DOI10.3386/w17181
来源IDWorking Paper 17181
Business Partners, Financing, and the Commercialization of Inventions
Thomas Åstebro; Carlos J. Serrano
发表日期2011-06-29
出版年2011
语种英语
摘要This paper studies the effect of business partners on the commercialization of nvention based ventures, and it assesses the relative importance of partners' human and social capital on commercialization outcomes. Projects run by partnerships were five times more likely to reach commercialization, and they had mean revenues approximately ten times greater than projects run by solo-entrepreneurs. These gross differences may be due both to business partners' value added and to selection. After controlling for selection effects and observed/unobserved heterogeneity, our smallest estimate of partner value added approximately doubles the probability of commercialization and increases expected revenues by 29% at the sample mean.
主题Financial Economics ; Financial Institutions ; Labor Economics ; Labor Supply and Demand ; Other ; Accounting, Marketing, and Personnel ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w17181
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/574855
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GB/T 7714
Thomas Åstebro,Carlos J. Serrano. Business Partners, Financing, and the Commercialization of Inventions. 2011.
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