Technological arbitrage opportunities and interindustry differences in entry rates

Sergey Anokhin and Joakim Wincent

Journal of Business Venturing, 2014, vol. 29, issue 3, 437-452

Abstract: In this study we investigate the relationship between technological arbitrage opportunities and entry rates in twenty-six industries over the course of five years. Arbitrage opportunities are shown to be a positive and significant predictor of business entry rates. Such positive effect is weakened in industries with strong appropriability regime including effective patents, secrecy, and lead time. Adding arbitrage opportunities to the typical determinants of entrepreneurship such as innovative opportunities significantly increases predictive power of the regression models.

Keywords: Arbitrage opportunity; Start-up rates; Appropriability regime (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbvent:v:29:y:2014:i:3:p:437-452

DOI: 10.1016/j.jbusvent.2013.07.002

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