Corporate venture capital (CVC) is a real driving force behind the development of technology-based innovation. It is an entrepreneurial strategy used by big corporations who go outside the company because they can no longer depend solely on creating innovations in-house. CVC enables them to...

Institutional investors are predominant on the financial markets and are becoming more active in their portfolio management. This article attempts to enhance our understanding of the incidence of shareholder activism on market reaction in the wake of seve

Patents and their renewals are critical because they protect inventions and reinforce information reported to investors about the utility and the quality of inventions. Thus, they signal the appropriate use of financial resources being invested, notably

Patenting and renewal is a way for a firm to assert a portion of the value of its intangible assets by giving them a legal value and possibly a book value (IAS 38.IFRS). Thus, firms report to financial markets the proper use of financial resources committ

Technological innovation is not exclusive to great industrial groups. Sometimes, innovative and dynamic companies emerge in high-tech sectors and constitute a serious threat for some industry giants. However, the high reactivity of these small companies is generally impaired by problems of...

Le capital risque industriel (CVC) joue un rôle moteur dans le développement d’innovations technologiques. C’est à la fois un apport en fonds propres ainsi qu’en compétences techniques et stratégiques aux start-up. Mais c’est également une stratégie entrepreneuriale réalisée à...

Evaluate a growing company is always a difficult exercise because the valuation depends on the appreciation of many factors that vary depending on the person performing the evaluation: manager, shareholder, venture capitalist, etc. This article aims to present the methods used to evaluate this...

Innovation makes investors dream about the future performances of the firm when the expected profitability is greater then the cost of capital. In this case, the company creates value and satisfies its shareholders. The valuation of an innovative project should indeed increase with the value...

The growth of technological firms is based on the exploitation of innovative products and services thus forcing them to strongly invest in research and development (Ramp;D). If the Ramp;D expenditures announce the strategic positioning of firms, they can also significantly decrease the financial...