Alex Coad

@coad.bsky.social

549 Followers 1293 Following

An editor at Research Policy & Small Business Economics Prof at Waseda Business School, Tokyo

"Positioning firms along the capabilities ladder" New paper in ICC [Open Access] with Nanditha Mathew and Emanuele Pugliese Paper: https://doi.org/10.1093/icc/dtag021 Youtube video [16m07]: https://youtu.be/Ls0uZb9fVN0
Garry Kasparov writing on X that FIFA looks like a corrupt joke
Research Policy 12th online conference for Early Career Researchers! Fri 25th September 2026, 2-4pm (UK time) Submit a 3 page abstract by Sun 23rd August Link for submitting: https://forms.gle/Xu7oXsSV2zYXib2EA
Fake reference, presumably from an AI hallucination
Avoiding banking/transaction fees is considered to be the greatest benefit of cryptocurrency, according to about 10% of survey respondents
Let G be a set of items considered "good" according to a percentile-based criterion p(where ├ p∈(0,100]), such that G contains the top p% most expensive items in a given category. For whisky and wine, let Wand V denote the sets of "good" whiskies and "good" wines, respectively, under the same percentile criterion p. Then, for any w∈Wand any v∈V, "price"(w)<2×"price"(v).
The USA might be an outlier. In a follow-up paper for 1950-2010, the unit cost of finance seems to fall over time for other countries (FR, DE, IT, JP) but not for US. USA: a relatively flat unit cost, for the other countries it falls. Finance Value Added divided by bank loans is a crude indicator of cost per unit; less sophisticated than the “Unit cost of finance” indicator from Philippon (2015). Bank loans (the denominator) do not include all financial outputs.
Philippon (2015, AER) shows how the unit cost of intermediation in the USA stays at 1.5-2% of intermediated assets, and hasn't decreased over the period 1886-2012
Japanese hiragana characters, ko and go
SpaceX, for example, aims to use agile innovation to begin transporting people to Mars by 2024, with the goal of establishing a self-sustaining colony on the planet.
Research Policy 11th online conference for Early Career Researchers! Mon 27th April 2026, 2-4pm (UK time) Submit a 3 page abstract by Sun 22nd March
How to download a copy of the book as PDF: go to the URL and click on "Download book PDF"
Book cover for my new book: for my new book: "Data Science MBA: Big Data, Digitalization, and Strategy; with applications in R" Published by Springer Coming out before the end of 2025
Percent self-employed on the vertical axis, log of per capita income on the horizontal axis. There is clearly a negative relationship.
"The Inverted U-Shaped Relationship between Female Entrepreneurship and Economic Development" The share of entrepreneurs who are women first rises & then falls with national income
Fig. 3. van Dijk et al. (2025)’s indicator of persistence is unable to distinguish between extreme positive persistence (left) and extreme negative persistence (right). Notes: Measuring persistence using a first-order autoregressive model (like our eq. (4), but with only one first-order lag), we get ρ persistence on the left, and ρ = 0.8 for the case of positive = 1.00 for the case of negative persistence on the right. Van Dijk et al. (2025)’s indicator of “persistence” calculates the same score of - 0.3513642 for both the left and the right. R code is in the Online Supplementary Materials.
Pondering the timeline that underlies the analysis in van Dijk et al 2025
Table 1: datasets used in van Dijk et al 2025
First page of this paper: Coad A., Srhoj S., (2025). "Entrepreneurial ecosystems and the persistence of regional high-growth firm shares: A reply to van Dijk, Leendertse, Stam, and van Rijnsoever (2025)." Research Policy, forthcoming. https://doi.org/10.1016/j.respol.2025.105325
SBEJ 4th Online Conference for Early Career Researchers @Small Business Economics: An Entrepreneurship Journal Friday December 5, 2025, 1pm (London, UK time). Submit your 3-page abstract by Sunday 9th Nov. Contact: sbej.ecr@gmail.com
Giannozzi, A., Balzano, M., Magrini, A. and Marzi G. (2025). The entrepreneur and the ecosystem: extending and operationalizing EE theory from an embeddedness perspective. Journal of Technology Transfer, in press. https://doi.org/10.1007/s10961-025-10205-x
Coad, A., Domnick, C., Santoleri, P., Srhoj S., (2025). Does Africa need entrepreneurial ecosystems thinking?. Journal of Technology Transfer, in press. https://doi.org/10.1007/s10961-025-10213-x
Fig. 3 RLS counts by NUTS levels Cowling, M., Brown, R. & Yang, H. (2025). Traversing the multiple nested geographies of NUTs based entrepreneurial ecosystems. Journal of Technology Transfer, in press. https://doi.org/10.1007/s10961-025-10207-9
Du, J., Karoglou, M., Ri, A., & Zhang, L. (2025). Knowledge spillovers, entrepreneurial ecosystems and the geography of high growth firms redux. Journal of Technology Transfer, 1-64. https://doi.org/10.1007/s10961-025-10210-0
Harrison R. T. (2025). “Close enough to speak; distant enough to learn?” Theory and the epistemology and ontology of the entrepreneurial ecosystem metaphor. Journal of Technology Transfer, in press. https://doi.org/10.1007/s10961-025-10206-w
Coad, A., Domnick, C., Santoleri, P., & Srhoj, S. (2025). Critical perspectives on entrepreneurial ecosystems. Journal of Technology Transfer, 1-10. https://doi.org/10.1007/s10961-025-10267-x
Game theory, regarding the interactions between academia and industry. An application of the well-known ultimatum game.
Coad, A. (2025). “The company I keep is not corporate enough”: exploring the specificities of University startups. Journal of Technology Transfer, in press. https://doi.org/10.1007/s10961-025-10228-4
Research Policy, 10th online conference for Early Career Researchers. Submit your paper by Sun 31st August here: https://forms.gle/GdvPaEq4seZt4q266
Rönkkö, M., Maula, M., & Wennberg, K. (2025). Qualitative Comparative Analysis in Entrepreneurship Research. Entrepreneurship Theory and Practice, 10422587251315654.
Distribution of startup type by industry
Distribution of startup type by country
Research Policy 9th online conference for Early Career Researchers Link: https://www.sciencedirect.com/journal/research-policy/about/webinars/rp-9th-online-conference-for-early-career-researchers-ecrs
3 Tesla employees tracking me on LinkedIn
SBEJ 3rd Online Conference for Early Career Researchers: information
Teruel et al (2024). Digitalisation and high-growth enterprises in Europe. Technology Analysis & Strategic Management.
LASSO is a complex estimator, OLS is relaxed, and IV is like shooting while blindfolded
Research Policy 8th online conference for Early Career Researchers!