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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w21278 |
来源ID | Working Paper 21278 |
Financing Entrepreneurial Experimentation | |
Ramana Nanda; Matthew Rhodes-Kropf | |
发表日期 | 2015-06-22 |
出版年 | 2015 |
语种 | 英语 |
摘要 | The fundamental uncertainty of new technologies at their earliest stages implies that it is virtually impossible to know the true potential of a venture without learning about its viability through a sequence of investments over time. We show how this process of experimentation can be particularly valuable in the context of entrepreneurship because most new ventures fail completely, and only a few become extremely successful. We also shed light on important costs to this process of experimentation, and demonstrate how these can fundamentally alter both the rate and direction of startup innovation across industries, regions and periods of time. |
主题 | Financial Economics ; Financial Institutions ; Industrial Organization ; Firm Behavior ; Development and Growth ; Innovation and R& ; D |
URL | https://www.nber.org/papers/w21278 |
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/578953 |
推荐引用方式 GB/T 7714 | Ramana Nanda,Matthew Rhodes-Kropf. Financing Entrepreneurial Experimentation. 2015. |
条目包含的文件 | 条目无相关文件。 |
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