from Part III - Legal Incentives Supporting (and Sometimes Discouraging) Entrepreneurial Action
Published online by Cambridge University Press: 07 April 2022
How should entrepreneurship and innovation policy account for the fact that different firms have different access to capital? Large established firms with ready access to capital can more easily claim tax and other legal incentives. But there is no reason to think that large, established firms are best suited to the pursuit of entrepreneurial goals. To the contrary, new firms, such as resource-constrained startups, may have an advantage when it comes to pursuing entrepreneurship and innovation.1
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