Organizations, and the groups and individuals within them, sometimes face the thorny
dilemma of whether or not to continue failing courses of action. Escalation of commitment …

This article examines the effects of innovation on survival using data on all manufacturing
firms active in the Netherlands and the Community Innovation Survey. By estimating a …

In this study, we address the question of how the degree of business model innovation
affects the survival of new firms. We present a newly constructed data set of 129 new firms …

This paper tests the predictions of economic theory on the determinants of the allocation of
decision‐making power through the estimates of ordered probit models with random effects …

Although innovation is essential to build a competitive advantage and survive in the long
run, some firms choose to exit, through mergers and acquisitions (M&As), or radically …

This study examines the relationship among owner–managers, business model innovation,
and competition. We present a newly constructed dataset of 111 new firms that launched …

Nurturing and growing innovative start‐ups have become an important point on the political
agenda. After the dotcom bubble, however, many financial schemes and incubation …

Agents face a coordination problem akin to the adoption of a network technology. A principal
announces investment subsidies that, at minimal cost, attain a given likelihood of successful …

In this conceptual paper, we develop a framework which identifies those elements of firms'
knowledge context which are important for innovation, and the mechanisms through which …

There are a growing body of theoretical work, wide anecdotal evidence, and a few large‐
scale empirical studies supporting the view that business firms quite rarely change their …