Innovation and the Financial Guillotine
收藏NBER2013-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19379
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资源简介：
Our paper demonstrates that while failure tolerance by investors may encourage potential entrepreneurs to innovate, financiers with investment strategies that tolerate early failure endogenously choose to fund less radical innovations. Failure tolerance as an equilibrium price that increases in the
提供机构：
美国国家经济研究局
创建时间：
2013-08-01
