Latest News and Research
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Dynamics of High-Growth Young Firms and the Role of Venture Capitalists
By Yoshiki Ando
Among all newly established firms in the United States since 1980, only around 0.2% of them have raised venture capital (VC) financing. Nonetheless, VC-backed firms accounted for more than 10% of net employment growth and more than 15% of net payroll growth in the economy. Read More → -
Is Distance from Innovation a Barrier to the Adoption of Artificial Intelligence?
By Jennifer Hunt, Iain Cockburn, and James Bessen
The extent to which geographic distance is a barrier to technological knowledge transfer is of interest to governments of countries distant from centers of knowledge creation or technology production; to entrepreneurs deciding where to locate a new firm that will need to remain abreast of technological developments; and to national or local policy-makers seeking to influence the decisions of such entrepreneurs. Read More → -
Research: The Risks of Founding a Startup Near Big Companies
Jim Bessen, Felix Poege and Ronja Röttger’s article “Research: The Risks of Founding a Startup Near Big Companies”, Harvard Business Review, November 12, 2024. Read More →
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No Teens, No Tech: How Shortages of Young Workers Hinder Firm Technology Investments
By Cäcilia Lipowski
Currently, 70% of U.S. firms report difficulties in hiring skilled labor (Manpower Group, 2024), and labor scarcity is expected to aggravate in the future due to demographic change. Read More → -
Can Machine Learning Target Health Care Fraud? Evidence from Medicare Hospitalizations
By Shubhranshu Shekhar, Jetson Leder-Luis, and Leman Akoglu
Hospitals often face financial incentives to overbill or commit fraud in order to maximize their reimbursements. Read More →