NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Fire in the Belly? Employee Motives and Innovative Performance in Startups versus Established Firms

Henry Sauermann

NBER Working Paper No. 23099
Issued in January 2017

---- Acknowledgments ----

I am indebted to Wes Cohen for many stimulating discussions of this and related projects. I also thank Rajshree Agarwal, Ashish Arora, Jeff Edwards, Jon Fjeld, David Hsu, Nimmi Kannankutty, Steve Klepper, Mike Roach, Paula Stephan, Scott Stern, and Long Vo for their feedback and comments. Support from a Kauffman Foundation Junior Faculty Fellowship is gratefully acknowledged. I thank the National Science Foundation for providing the restricted-use SESTAT database employed in the empirical analysis. However, “the use of NSF data does not imply NSF endorsement of the research methods or conclusions contained in this report.” The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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