Small Business And Innovation

Author : Zoltán J. Ács
Publisher : MIT Press
ISBN 13 : 9780262011136
Total Pages : 234 pages
Book Rating : 4.31/5 ( download)

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Download or read book Innovation and Small Firms written by Zoltán J. Ács and published by MIT Press. This book was released on 1990 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Utilizing a unique data set, Zoltan Acs and David Audretsch provide a rich empirical analysis of the increased importance of small firms in generating technological innovations and their growing contribution to the U.S. economy. They identify the contributions made by both small and large firms to the innovative process and the manner in which market structure, and the firm-size distribution in particular, responds to technological change. The authors' analysis relies on traditional theories of industrial organization and tests existing hypotheses, many of them previously untested due to data constraints. Innovation and Small Firms brings together two large data bases recently released by the U. S. Small Business Administration - one directly measuring innovative activity for large and small firms, the other providing a detailed census of economic activity for all manufacturing firms and plants across a broad spectrum of industries. Acs and Audretsch describe and evaluate the data bases in the context of the literature on innovation, market structure, and firm size. They present their findings on the presence of small firms, small-firm entry in manufacturing, small-firm growth and flexible technology, and mobility and firm size. They compare static and dynamic measures of small-firm viability and address the relationships between R&D, innovation, and productivity, and analyze the interaction between technological regimes and the role of government in innovation.

Author : Zoltan J. Acs
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.92/5 ( download)

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Download or read book Innovation and Small Firms written by Zoltan J. Acs and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: It seems to be paradoxical that, at the beginning of the 1990s, when technical change seemed to play an unprecedented role in the U.S. welfare, that small firms emerged as a driving force of the U.S. economy. It is usually assumed that technological change requires the quantities of research and resources that giant corporations amass and organize. In response to this phenomenon, this study explores two major concerns: (1) the role of small firms in innovation; and (2) the manner in which market structure, and the firm-size distribution in particular, respond to technological change. The research examines these questions through the lens of industrial organization, analyzing them in the context of the structure-conduct-performance paradigm. The study tests existing hypothesis concerning industrial organization, many of which had never been previously tested duet o data constraints, by applying the newly created SBA data. Two new important data sources are introduced: the Small Business Administration Data Base (SBDB), which provides measures of economic activity by firm size, and Small Business Innovation Data Base (SBIDB), which involves a direct measure of innovation activity by firm size. These data enable a systematic empirical analysis of innovation and firm size. The report describes these datasets, compares them with more traditional data measures, and provides qualifications about the applicability and reliability of the data. The SBIDB data is then used to identify the determinants of innovative activity, and to find out whether those determinants are different for large and small firms. The innovative activity of small firms is found to make an important contribution distinct from that of large firms. The research also shows that industry innovative activity tends to decrease as the level of concentration increases. A model is presented that leads to the hypothesis that four distinct factors are responsible for the presence of small firms in any given industry: (1) the exogenous stock of entrepreneurial talent, (2) a stochastic element of managerial and entrepreneurial talent, (3) economies of scale and capital requirements, and (4) the entrepreneurial strategy deployed by small firms. This hypothesis is tested utilizing a cross-section of manufacturing industries, including a wide spectrum of firm sizes. The analysis also examines the extent of small firms in manufacturing industries. Concludes with the development of a model explaining the inter-industry variation in the presence of small firms. A new measure, employment-weighted gross entry, or births, in order to compare how the patterns of entry vary across firm size, with the traditional measures of entry, and how they are affected by the innovative activity of large and small firms. Two results of the study are: (1) that firms are apparently not deterred from entering industries that are capital-intensive, and (2) that, while the innovative activity of small firms is found to promote the entry of firms of all sizes, the extent of both total innovative activity and R&D intensity is found to inhibit entry. Concludes with a discussion of the role of innovation and firm size in intra-industry dynamics. The study investigates the differences between the growth rates of small and large firms, and examines the validity of the assumption underlying Gibrat's Law. It also tackles the question of what determines the extent of turbulence, or firm movements into, within, and out of an industry, and whether these determinants are different for small and large firms? Overall, small firms play an important role in the process of technological change. They generate market turbulence, competition, and industry renewal. Small firms are effective competitors in international high-tech arenas that require flexibility and the ability to respond to niche markets effici.

Author : Karen G. Mills
Publisher : Springer
ISBN 13 : 3030036200
Total Pages : 202 pages
Book Rating : 4.01/5 ( download)

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Download or read book Fintech, Small Business & the American Dream written by Karen G. Mills and published by Springer. This book was released on 2019-03-12 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small businesses are the backbone of the U.S. economy. They are the biggest job creators and offer a path to the American Dream. But for many, it is difficult to get the capital they need to operate and succeed. In the Great Recession, access to capital for small businesses froze, and in the aftermath, many community banks shuttered their doors and other lenders that had weathered the storm turned to more profitable avenues. For years after the financial crisis, the outlook for many small businesses was bleak. But then a new dawn of financial technology, or “fintech,” emerged. Beginning in 2010, new fintech entrepreneurs recognized the gaps in the small business lending market and revolutionized the customer experience for small business owners. Instead of Xeroxing a pile of paperwork and waiting weeks for an answer, small businesses filled out applications online and heard back within hours, sometimes even minutes. Banks scrambled to catch up. Technology companies like Amazon, PayPal, and Square entered the market, and new possibilities for even more transformative products and services began to appear. In Fintech, Small Business & the American Dream, former U.S. Small Business Administrator and Senior Fellow at Harvard Business School, Karen G. Mills, focuses on the needs of small businesses for capital and how technology will transform the small business lending market. This is a market that has been plagued by frictions: it is hard for a lender to figure out which small businesses are creditworthy, and borrowers often don’t know how much money or what kind of loan they need. New streams of data have the power to illuminate the opaque nature of a small business’s finances, making it easier for them to weather bumpy cash flows and providing more transparency to potential lenders. Mills charts how fintech has changed and will continue to change small business lending, and how financial innovation and wise regulation can restore a path to the American Dream. An ambitious book grappling with the broad significance of small business to the economy, the historical role of credit markets, the dynamics of innovation cycles, and the policy implications for regulation, Fintech, Small Business & the American Dream is relevant to bankers, fintech investors, and regulators; in fact, to anyone who is interested in the future of small business in America.

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309069297
Total Pages : 362 pages
Book Rating : 4.98/5 ( download)

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Download or read book The Small Business Innovation Research Program written by National Research Council and published by National Academies Press. This book was released on 2000-11-30 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1992, Congress for the first time explicitly directed the federal agencies making SBIR grants to use commercial potential as a criterion for granting SBIR awards. In response, the Department of Defense developed the SBIR Fast Track initiative, which provides expedited decision-making for SBIR awards to companies that have commitments from outside vendors. To verify the effectiveness of this initiative, the DoD asked the STEP Board to assess the operation of Fast Track. This volume of original field research includes case studies comparing Fast Track and non-Fast Track firms, a large survey of SBIR awardees, and statistical analyses of the impact of regular SBIR and Fast Track awards. Collectively, the commissioned papers and the findings and recommendations represent a significant contribution to our understanding of the SBIR program.

Author : Tim Mazzarol
Publisher : Springer Nature
ISBN 13 : 9811394121
Total Pages : 529 pages
Book Rating : 4.26/5 ( download)

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Download or read book Entrepreneurship and Innovation written by Tim Mazzarol and published by Springer Nature. This book was released on 2019-11-27 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of the theory, practice and context of entrepreneurship and innovation at both the industry and firm level. It provides a foundation of ideas and understandings designed to shape the reader’s thinking and behaviour to better appreciate the role of innovation and entrepreneurship in modern economies, and to recognise their own abilities in this regard. The book is aimed at students studying advanced levels of entrepreneurship, innovation and related fields as well as practitioners (for example, managers, business owners). As entrepreneurship and innovation are largely indivisible elements and cannot be adequately understood if studied separately, the book provides the reader with an overview of these elements and how they combine to create new value in the market. This edition is updated with recent international research, including research and examples from Europe, the US, and the Asia-Pacific region.

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309172586
Total Pages : 186 pages
Book Rating : 4.85/5 ( download)

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Download or read book The Small Business Innovation Research Program written by National Research Council and published by National Academies Press. This book was released on 1999-10-22 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small businesses have increasingly been recognized as a source of innovation, and one way in which the Federal government encourages such innovation is through the Small Business Innovation Research program. SBIR sets aside 2.5 percent of federal agencies' R&D budgets for R&D grants to small business. Although the program's budget was nearly $1.2 billion in 1998, SBIR has been subject to relatively little outside review. As part of the STEP's ongoing project on Government-Industry Partnerships, the Board convened policymakers, academic researchers, and representatives from small business to discuss the program's history and rationale, review existing research, and identify areas for further research and program improvements.

Author : Austan Goolsbee
Publisher : University of Chicago Press
ISBN 13 : 022680545X
Total Pages : 259 pages
Book Rating : 4.50/5 ( download)

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Download or read book Innovation and Public Policy written by Austan Goolsbee and published by University of Chicago Press. This book was released on 2022-03-25 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: A calculation of the social returns to innovation /Benjamin F. Jones and Lawrence H. Summers --Innovation and human capital policy /John Van Reenen --Immigration policy levers for US innovation and start-ups /Sari Pekkala Kerr and William R. Kerr --Scientific grant funding /Pierre Azoulay and Danielle Li --Tax policy for innovation /Bronwyn H. Hall --Taxation and innovation: what do we know? /Ufuk Akcigit and Stefanie Stantcheva --Government incentives for entrepreneurship /Josh Lerner.

Author : United States. Environmental Protection Agency. Office of Exploratory Research. Small Business Innovation Research Program
Publisher :
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.88/5 ( download)

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Download or read book Small Business Innovation Research Program written by United States. Environmental Protection Agency. Office of Exploratory Research. Small Business Innovation Research Program and published by . This book was released on 1990 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : S.M. Riad Shams
Publisher : Routledge
ISBN 13 : 1000380408
Total Pages : 191 pages
Book Rating : 4.08/5 ( download)

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Download or read book Business Model Innovation written by S.M. Riad Shams and published by Routledge. This book was released on 2021-04-26 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been growing interest on business models among academics and practitioners in recent years, as business model describes how an organization creates, distributes and captures value and, therefore, can be considered the DNA of the organization. Recently, factors related to digital transformation, the vital role of sustainability and social aspects, along with an increasing globalization, have pushed towards radical transformations in business models. This book aims to further our knowledge on business model innovation in new contexts of analysis and with new perspectives of investigation. Insights from business model innovation are presented from studies focusing on start-ups, small businesses and large businesses to provide a bigger picture on new dynamics connected to digital transformation, sustainability, new global relationships. As such, the scope is on new ways to create value, new components and dynamics (such as digitalization and sustainability) concerning the key elements of the business model (value creation, value configuration and value capture), and new relationships between actors that may foster business model innovation. It represents a valuable resource for practitioners willing to innovate business models, academics aiming at finding new research lines, and students keen to learn more about business models.

Author : Wim Naudé
Publisher : Springer
ISBN 13 : 0230295150
Total Pages : 384 pages
Book Rating : 4.55/5 ( download)

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Download or read book Entrepreneurship and Economic Development written by Wim Naudé and published by Springer. This book was released on 2010-12-08 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading international scholars provide a timely reconsideration of how and why entrepreneurship matters for economic development, particularly in emerging and developing economies. The book critically dissects the evolving relationship between entrepreneurs and the state.