Master Program in Innovation and Entrepreneurship

Posted: February 3rd, 2009 | Filed under: Front, News | Comments Off on Master Program in Innovation and Entrepreneurship

My research group has a master program, which deserves some attention on this site.

MSc in Innovation, Knowledge and Economic Dynamics (MIKE-E) – leading to a Master’s Degree in Economics. MIKE-E emphasises economic analysis and strategies in relation to knowledge, innovation and economic dynamics.

MSc in Innovation, Knowledge and Entrepreneurial Dynamics (MIKE-B) – leading to a Master’s Degree in Business Economics.MIKE-B has a special focus on knowledge management and innovation in relation to entrepreneurial dynamics.

The close collaboration between the two programmes gives a unique opportunity to combine macro- and micro perspectives, and gives students new possibilities to design and individual study profile. The programmes enroll both Danish and international students and the teaching language is English.

Visit the website or even better see this folder for more information.


Hello world! Site have been updated…

Posted: October 8th, 2008 | Filed under: News | Comments Off on Hello world! Site have been updated…

Welcome to the new version of my website. In technical terms, I have moved from Joomla.org to WordPress.org, which is a little more simple and more appropriate for smaller, personal webpages like this. And I like to try something new for the site.


Please note the EMAEE Conference in Jena

Posted: September 23rd, 2008 | Filed under: News | Comments Off on Please note the EMAEE Conference in Jena

My friend Guido Buenstorf is organizing the 6th European Meeting for Applied Evolutionary Economics (EMAEE) in Jena, Germany. The conference targets specifically the younger researcher in this field and is traditionally very successful.

EMAEE is an international conference focusing on young researchers (PhD students and post-docs). EMAEE provides a unique opportunity to discuss the latest insights and methods in applied evolutionary economics and innovation studies with top international scholars.

Evolutionary economics is a leading paradigm for research into innovation, organizations, and industrial dynamics. Beyond these fields, evolutionary economics provides a general approach to the study of emergent novelty and dynamic change in the economy. Plenary speakers at EMAEE 2009 will explore commonalities with the neighboring fields and disciplines – in particular behavioral economics, organization and management science, and historiography.

The conference will welcome among others Steven Klepper, Olav Sorenson, Sid Winter and Francesco Lissoni as keynote speakers. Deadline for abstracts is October, 31st, 2008. Check out the website for further details.


Whom do new firms hire?

Posted: September 4th, 2008 | Filed under: Front, Research, Working Papers | Tags: , , , , | Comments Off on Whom do new firms hire?

Michael S. Dahl and Steven Klepper

Using the matched employer-employee data set for Denmark and information on the founders of new firms, we analyze the hiring choices of all new firms that entered in 1995-2001. We develop a theoretical model in which the quality of a firm’s employees determines its average cost, a firm’s productivity is based on its pre-entry experience and persistent shocks, and over time firms learn about their productivity. The model predicts that more productive firms are larger and hire more talented employees, which gives rise to various predictions about how pre-entry experience, firm growth rates, and firm size influence the wages firms pay to their early hires. We find that beginning with the time of entry, larger firms consistently pay higher wages to their new hires. These are firms with greater survival prospects at the time of entry based on the pre-entry backgrounds of their founders and that grow at greater rates over time, both of which are predictive of the wages paid to new hires from the time of entry onward. Our findings suggest workers are allocated to firms according to their abilities, which can give rise to enduring firm capabilities.


The Social Attachment to Place

Posted: July 5th, 2008 | Filed under: Front, Journal Papers, Research | Tags: , , , , , | Comments Off on The Social Attachment to Place

Michael S. Dahl and Olav Sorenson

Many theories either implicitly or explicitly assume that individuals readily move to locations that improve their financial well being. Other forces, however, counteract these tendencies; for example, people often wish to remain close to family and friends. We introduce a methodology for determining how individuals weight these countervailing forces, and estimate how both financial incentives and social factors influence the probability of geographic mobility in the Danish population from 2002 to 2003. Our results suggest that individuals respond to opportunities for higher pay elsewhere, but that their sensitivity to this factor pales in comparison to their preferences for living near family and friends.

Social Forces, Vol. 89, No. 2, December 2010, DOI link to paper


Are You Experienced? Prior Experience of Managers and the Survival of New Organisations

Posted: November 5th, 2007 | Filed under: Front, Journal Papers, Research | Tags: , , | Comments Off on Are You Experienced? Prior Experience of Managers and the Survival of New Organisations

Michael S. Dahl and Toke Reichstein

This paper investigates the relationship between the experiences of managers and the likelihood of survival of their new firms. We take advantage of a comprehensive data-set covering the entire Danish labour market from 1980-2000. This is used to trace the activities of top ranked members of new firms prior to the founding and follow the fate of their firms after the founding.

Michael S. Dahl and Toke Reichstein (2007), “Are You Experienced? Prior Experience and the Survival of New Organizations“, Industry and Innovation. Vol. 14, No. 5, pp. 497-511. ISSN: 1366-2716. [DOI Link]


Associate Professor

Posted: August 2nd, 2007 | Filed under: News | Comments Off on Associate Professor

As of August 1 2007, I have been promoted to be Associate Professor at my current Department. More specifically, I am now Associate Professor of Economics with special attention to Entrepreneurship and Regional Economics.


New DRUID Working Paper

Posted: January 16th, 2007 | Filed under: News | Comments Off on New DRUID Working Paper

A new DRUID Working Paper has been put online. It is paper co-authored with Toke Reichstein, Bernd Ebersberger and Morten Berg Jensen. We study how firm growth can be studied better with the use of quantile regression techniques. We estimate the growth pattern of 9,000 firms to illustrate this.

Read the paper here


New paper accepted for publication

Posted: November 16th, 2006 | Filed under: Front, News | Comments Off on New paper accepted for publication

My paper with Toke Reichstein, "Are You Experienced? Prior Experience and the Survival of New Firms", has been accepted for publication in the international peer-reviewed journal, Industry and Innovation. It analyses the relationship between general industry experience and the type of firms in which the experience is achieved and how this influences the survival probabilities of new firms. It is expected to be published in the journal in the December 2007 issue.

Michael S. Dahl and Toke Reichstein (2007), "Are You Experienced? Prior Experience and the Survival of New Organizations", Industry and Innovation. Vol. 14, No. 5, pp. 497-511. ISSN: 1366-2716.


Tietgen Gold Medal Award 2006

Posted: April 4th, 2006 | Filed under: Front, News | Comments Off on Tietgen Gold Medal Award 2006

I am very much honored to receive the Tietgen Gold Medal Research Award 2006 for my Post-Doc research. The Tietgen Gold Medal is awarded to younger Post-Doc researchers, which have completed a significant degree of internationally published research within business and economics.

C. F. Tietgen was one of the great forces behind the industrial revolution in Denmark. He was behind a number of the greatest corporations at the time. Many of which still exist today, notably GN Store Nord, Danisco, Tuborg, DFDS and Burmeister & Wain.

The award is administred by the Danish Society for the Advancement of Business Education [Foreningen for Unge Handelsmænds Uddannelse] and its Danish Business Research Academy [Dansk Erhvervsforskningsakademi].

The Gold Medal is accompanied with 100,000 Danish Kroner (€13,500 / $16,500) to support a longer visit at an international university.

More information: