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Financial signaling by innovative nascent ventures: The relevance of patents and prototypes
Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - In: Research Policy 41 (2012) 8, pp. 1407-1421
External finance is a central issue for innovative nascent ventures. In this study, we argue that innovative nascent ventures may use patents to signal appropriability and prototypes to signal feasibility to potential investors. Using new data on 906 nascent ventures, we find that nascent...
Persistent link: https://www.econbiz.de/10011046471
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Regional Appropriation of University-Based Knowledge and Technology for Economic Development
Audretsch, David B.; Leyden, Dennis P.; Link, Albert N. - In: Economic Development Quarterly 27 (2013) 1, pp. 56-61
Innovation Research (SBIR) program. We provide supply-side evidence on university research relationships and how the use of …
Persistent link: https://www.econbiz.de/10011138080