Declining Business Dynamism among Our Best Opportunities : The Role of the Burden of Knowledge

Åstebro, Thomas; Braguinsky, Serguey; Ding, Yuheng

Institute of Social and Economic Research Discussion Papers, 2020, 1099, 1-46

アクセス数:253件（2026-04-05 08:00 集計）

固定URL: https://hdl.handle.net/11094/77109

論文情報

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タイトル
Declining Business Dynamism among Our Best Opportunities : The Role of the Burden of Knowledge
著者
著者名
Åstebro, Thomas
NRID
1000040868436 1000040868436
researchmap permalink
braguinsky braguinsky
Scopus Author ID
6506570800 6506570800
著者名
Braguinsky, Serguey
著者名
Ding, Yuheng
抄録
We document that since 1997, the rate of startup formation has precipitously declined for firms operated by U.S. PhD recipients in science and engineering. These are supposedly the source of some of our best new technological and business opportunities. We link this to an increasing burden of knowledge by documenting a long-term earnings decline by founders, especially less experienced founders, greater work complexity in R&D, and more administrative work. The results suggest that established firms are better positioned to cope with the increasing burden of knowledge, in particular through the design of knowledge hierarchies, explaining why new firm entry has declined for high-tech, high-opportunity startups.
出版者
The Institute of Social and Economic Research, Osaka University
収録物名
Institute of Social and Economic Research Discussion Papers
巻(号)
1099
ページ
1-46
刊行年月
2020-08
言語
英語
ハンドルURL
https://hdl.handle.net/11094/77109
PISSN
0473453X
eISSN
24350982
関連情報 (references)
URI
https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2020/DP1099.pdf
アクセス権
metadata only access
カテゴリ
ディスカッション／ワーキング・ペーパー DP/WP
Institute of Social and Economic Research Discussion Papers