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Creating Strategic Advantage through Entrepreneurial Governance in New Ventures

Audretsch, David B.; Lehmann, Erik E.; Plummer, Lawrence A. - Wirtschaftswissenschaftliche Fakultät, … - 2007

An important literature has made a fundamental link between corporate governance and corporate strategy. According to agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This paper suggests that this may not apply in the context of...

Persistent link: https://www.econbiz.de/10005090583

Financial Signaling by Innovative Nascent Entrepreneurs

Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - Wirtschaftswissenschaftliche Fakultät, … - 2009

innovation as well as the project's feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …

Persistent link: https://www.econbiz.de/10005090597

Innovation and Market Value

Hall, Bronwyn H. - EconWPA - 1999

This paper surveys recent findings about how the financial markets value the knowledge assets of publicly traded firms. The motivation for using market value equation to price knowledge assets is discusssed and the theory behind this equation is briefly presented. Then the empirical literature...

Persistent link: https://www.econbiz.de/10005413048

Adoption of New Technology

Hall, Bronwyn H.; Khan, Beethika - EconWPA - 2004

The contribution of new technology to economic growth can only be realized when and if the new technology is widely diffused and used. Diffusion itself results from a series of individual decisions to begin using the new technology, decisions which are often the result of a comparison of the...

Persistent link: https://www.econbiz.de/10005062434

The Patent Paradox Revisited: Determinants of Patenting in the US Semiconductor Industry, 1980-94

Hall, Bronwyn H.; Ham, Rose Marie - EconWPA - 2000

Persistent link: https://www.econbiz.de/10005556053

Globalization and the Rise of the Entrepreneurial Economy

Audretsch, David B.; Sanders, Mark - Wirtschaftswissenschaftliche Fakultät, … - 2007

This paper argues that globalization has led to a shift in developed countries from an industrial to an entrepreneurial model of production. Globalization is interpreted as a level shock in the supply of unskilled labor to the world economy, a decrease in the level of political risk associated...

Persistent link: https://www.econbiz.de/10005032024

The Financing of Research and Development

Hall, Bronwyn H. - EconWPA - 2003

Evidence on the "funding gap" for R&D is surveyed. The focus is on financial market reasons for underinvestment in R&D that persist even in the absence of externality-induced underinvestment. The conclusions are that 1) small and new innovative firms experience high costs of capital that are...

Persistent link: https://www.econbiz.de/10005134931

Does Cash Flow Cause Investment and R&D: An Exploration Using Panel Data for French, Japanese, and United States Scientific Firms

Hall, Bronwyn H.; Mairesse, Jacques; Branstetter, Lee; … - EconWPA - 1999

, especially in the area of technological innovation and international competition has been hotly debated in the recent past. The …

Persistent link: https://www.econbiz.de/10005413030

Barriers Inhibiting Industry from Partnering with Universities: Evidence from the Advanced Technology Program

Hall, Bronwyn H.; Link, Albert N.; Scott, John T. - EconWPA - 2001

A small sample of 38 Advanced Technology Projects funded between 1993 and 1996 are surveyed to explore the reasons for university non-participation, or, in the cases where they did participate, whether the partnerships encountered any difficulties from their participation. 32 percent report that...

Persistent link: https://www.econbiz.de/10005118757