Technological arbitrage opportunities and interindustry differences in entry rates

被引：28

作者：

Anokhin, Sergey ^{[1
,2
]}

Wincent, Joakim ^{[3
,4
,5
]}

机构：

[1] Kent State Univ, Kent, OH 44240 USA

[2] Voronezh State Univ, Voronezh, Russia

[3] Lulea Univ Technol, Lulea, Sweden

[4] Univ Vaasa, Vaasa, Finland

[5] Hanken Sch Econ, Helsinki 00101, Finland

来源：

JOURNAL OF BUSINESS VENTURING | 2014年 / 29卷 / 03期

关键词：

Arbitrage opportunity; Start-up rates; Appropriability regime; CORPORATE ENTREPRENEURSHIP; 2ND-STAGE DEA; PANEL-DATA; KNOWLEDGE; PERFORMANCE; EFFICIENCY; REGRESSIONS; GOVERNANCE; INNOVATION; OWNERSHIP;

D O I：

10.1016/j.jbusvent.2013.07.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this study we investigate the relationship between technological arbitrage opportunities and entry rates in twenty-six industries over the course of five years. Arbitrage opportunities are shown to be a positive and significant predictor of business entry rates. Such positive effect is weakened in industries with strong appropriability regime including effective patents, secrecy, and lead time. Adding arbitrage opportunities to the typical determinants of entrepreneurship such as innovative opportunities significantly increases predictive power of the regression models. (c) 2013 Elsevier Inc. All rights reserved.

引用

页码：437 / 452

页数：16

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