Technological arbitrage opportunities and interindustry differences in entry rates

Sergey Anokhin, Joakim Wincent

Research output: Contribution to journalArticlepeer-review

15 Citations (Scopus)


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.

Original languageEnglish
Pages (from-to)437-452
Number of pages16
JournalJournal of Business Venturing
Issue number3
Publication statusPublished - 1 May 2014
Externally publishedYes


  • Appropriability regime
  • Arbitrage opportunity
  • Start-up rates

ASJC Scopus subject areas

  • Business and International Management
  • Management of Technology and Innovation

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