The Impact of Startup Entry on the Innovativeness of Incumbents: Evidence from t

Description: The Impact of Startup Entry on the Innovativeness of Incumbents by Kilian Gundlach Masters Thesis from the year 2017 in the subject Business economics - Company formation, Business Plans, grade: 1,0, Catolica Lisbon School of Business & Economics (Strategy, Entrepreneurship and Innovation), language: English, abstract: This paper investigates the relationship between startup entrants and innovation behavior of incumbents. In specific, the insurance industry is empirically analyzed, since many technology driven insurance startups have recently entered this market. After an extensive literature review on the competition-innovation relationship, hypotheses are derived. In detail, it is expected that startup entry has a positive effect on the innovativeness of incumbents, and that this effect will eventually diminish with rising competition, therewith creating an inverted-U relationship. In addition, it is assumed that the positive effect of startup entry will be more impactful for younger incumbents. To evaluate these hypotheses, an innovation score is constructed based on companies annual reports. It measures innovation within six broad areas, ranging from organizational changes to new product launches. The population of this study incorporates 10 major insurance companies from Europe and the United States over a period from 2011 to 2015 and 244 InsurTech startups that entered the market in this observation period. In line with prior research, the evidence suggests that startup entrance has a curvilinear effect on incumbents innovativeness. Therewith, this study finds that the inverted-U relationship between competition and innovation holds, also when considering startup entry. Lastly, the findings suggest that the positive effect of startup entry is stronger for younger incumbents. In conclusion, an extensive understanding of the given relationship between startup entry and incumbents innovativeness is crucial for practitioners in order to further shift their mindset to a more proactive innovation behavior. The field of innovation is importa FORMAT Paperback LANGUAGE English CONDITION Brand New Long Description Masters Thesis from the year 2017 in the subject Business economics - Company formation, Business Plans, grade: 1,0, Cat Details ISBN3668944644 Author Kilian Gundlach Pages 64 Publisher Grin Verlag Year 2019 ISBN-10 3668944644 ISBN-13 9783668944640 Format Paperback Publication Date 2019-04-18 Imprint Grin Verlag Subtitle Evidence from the Insurance Industry Language English Audience General/Trade We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:159629754;

Price: 87.56 AUD

Location: Melbourne

End Time: 2025-01-09T09:25:04.000Z

Shipping Cost: 9.34 AUD