| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20358 |
| 来源ID | Working Paper 20358 |
| Entrepreneurship as Experimentation | |
| William R. Kerr; Ramana Nanda; Matthew Rhodes-Kropf | |
| 发表日期 | 2014-07-31 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | Entrepreneurship research is on the rise but many questions about its fundamental nature still exist. We argue that entrepreneurship is about experimentation: the probabilities of success are low, extremely skewed and unknowable until an investment is made. At a macro level experimentation by new firms underlies the Schumpeterian notion of creative destruction. However, at a micro level investment and continuation decisions are not always made in a competitive Darwinian contest. Instead, a few investors make decisions that are impacted by incentive, agency and coordination problems, often before a new idea even has a chance to compete in a market. We contend that costs and constraints on the ability to experiment alter the type of organizational form surrounding innovation and influence when innovation is more likely to occur. These factors not only govern how much experimentation is undertaken in the economy, but also the trajectory of experimentation, with potentially very deep economic consequences. |
| 主题 | Financial Economics ; Financial Institutions ; Industrial Organization ; Firm Behavior ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w20358 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578031 |
| 推荐引用方式 GB/T 7714 | William R. Kerr,Ramana Nanda,Matthew Rhodes-Kropf. Entrepreneurship as Experimentation. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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