On the economic performance of nascent entrepreneurs
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Dora Gicheva, Assistant Professor (Creator)
- Albert N. Link, Professor (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: This paper assesses the R&D performance of nascent and established technology-based small firms that receive a Phase II R&D award from the U.S. Small Business Innovation Research (SBIR) program. Our empirical analysis is based on a two-stage selection probit model, which is used to estimate the probability of commercialization conditional on the Phase II project having not failed. Our model predicts, and our analysis confirms, that nascent firms are more likely to fail in their SBIR-supported R&D endeavors. Further, we find that nascent firms that do not fail have a higher probability of commercializing their developed technology.
On the economic performance of nascent entrepreneurs
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Created on 2/10/2022
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Additional Information
- Publication
- European Economic Review, 86, 109-117
- Language: English
- Date: 2016
- Keywords
- Entrepreneurship, R&D, Commercialization, Innovation, SBIR program