February 14, 2008, 11:45 a.m. to 2:00 p.m. - Hudson Institute, Washington, D.C. Headquarters
Hudson Institute Center for Employment Policy and the Dingman Center for Entrepreneurship, University of Maryland
Baum, Furchtgott-Roth, Manso
recently held a seminar titled:
Why Short-Term Failure Could be a Sign of Long-Term Success:
Motivating Innovation through Policy Incentives
Thursday, February 14, 11:45 a.m. to 2:00 p.m.
Betsy and Walter Stern Conference Center
1015 15th Street, N.W., 6th Floor, Washington, D.C. 20005
Gustavo Manso, assistant professor of finance at the MIT Sloan School of Management, presented his paper, “Why Short-Term Failure Could be a Sign of Long-Term Success: Motivating Innovation through Policy Initiatives,” in which he contends that innovators are more prone to failure through experimentation than others. Policy-makers wishing to support innovation, therefore, must create incentives for entrepreneurial experimentation, even with the possibility that those experiments could fail. More debtor-friendly bankruptcy laws, for example, allow failed entrepreneurs the ability to try again with few penalties; and golden parachutes allow executives benefits even if their good ideas don’t pay off.
George Lichtblau, founder and president of Rocketline, LLC, and Hudson Institute trustee; and Robert Baum, associate professor of entrepreneurship at the University of Maryland Robert H. Smith School of Business, commented. Diana Furchtgott-Roth, senior fellow at the Hudson Institute Center for Employment Policy, moderated the discussion.
Registration and Buffet Lunch
Gustavo Manso, MIT Sloan School of Management
George Lichtblau, Rocketline, LLC
Robert Baum, University of Maryland Robert H. Smith School of Business
Diana Furchtgott-Roth, Hudson Institute Center for Employment Policy
To request information, please contact Hudson Institute at 202.974.6451 or e-mail Andrew Brown at Abrown@hudson.org.
Hudson's Center for Employment Policy is grateful to the Ewing Marion Kauffman Foundation for the support of this program.
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