This study investigates the impacts of regional characteristics on the early-stage performance of New Technology-Based Firms (NTBFs) in catch-up regions where a mature industrial cluster has yet to be formed. It hypothesized that the average NTBF performance in a region is a function of its...

This paper utilizes the Korea Innovation Survey data to find out the determinants of industry-university and industry-GRI (IUG) cooperation and its impact on firm performance. We find first that among determinants of IUG cooperation, traditional firm characteristics variables of sizes and R&D...

This study aims to elucidate firm and performance attributes of a population of small, elite firms that assume prominent positions in their respective technological spaces and product markets. More specifically, this study addresses the role and impact of industrial agglomeration on the location...

Firm spending on innovation and marketing, as measured by research and development (R&D) and advertising expenses, respectively, are expected to yield positive returns in terms of share price performance. Given resource limitations, firms prioritize the quantum of their investments in R&D and...

I have read the above paper with keen interest. The key finding of this paper is interesting: the appointment of independent directors has no perceptible influence on a firm’s economic performance in Bangladesh. The conclusion was derived from a sample of 274 firm-years. The implication of...

Executive pay research has traditionally focused on salary, severance payments and longtermincentives. A systematic rigorous empirical examination of short-term annualbonuses is lacking. To address this omission, this research empirically examines therelationship between short-term bonuses and...

This study is motivated by one of the most prevalent properties of modern corporations: separation of ownership and control. Ownership concentration has been one of the corporate governance mechanisms to solve the agency problem between shareholders and management. Existing literature is mainly...

We examine the impact of board size on firm performance for a large sample of 2746 UK listed firms over 1981-2002. The UK provides an interesting institutional setting, because UK boards play a weak monitoring role and therefore any negative effect of large board size is likely to reflect the...

Strategic entrepreneurship can be described as simultaneous opportunity seeking and advantage seeking. Younger firms are generally more flexible and therefore enjoy 'discovery advantages', whereas established firms tend to be resource rich and more experienced and consequently enjoy...