Kolympiris, Christos; Kalaitzandonakes, Nicholas; … - In: Research Policy 40 (2011) 9, pp. 1188-1199
Biotechnology firms operate in a high-risk and high-reward environment and are in a constant race to secure venture … spatial extent of the relationships among the amount of funds raised by proximate biotechnology firms. We model these … relationships with a spatial autoregression (SAR) model, and we control for characteristics of the biotechnology firms and the VC …