Microequity may be the key to overcoming stress of micro entrepreneurs who are over-exposed to micro-credit. French microangels are willing to invest small amounts to help people start their own business and move out of poverty. The French microangels invest through syndication in...

Are Business Angels likely to influence the entrepreneur before any investment decisions have been taken? If such is the case, what are the reasons for doing so and in what way do they influence the entrepreneur? In this article we examine knowledge transfer from angel to entrepreneur at the...

J'ai choisi de porter l'étude de mon mémoire sur la transmission d'entreprise, un processus humain, technique mais aussi commercial que j'ai eu la chance d'appréhender grâce à mes différentes missions au sein de BPI France. Il s'agira dans un premier temps d'expliquer ce qu'est la...

Relying on the case of asbestos in France, we study a deinstitutionalization process as a result of successive and cumulative struggles. There are competing interests in specific institutional arrangements. Actors who want to disrupt institutions have to face with other actors who benefit from...

I investigate the mechanisms through which a cluster policy can enhance entrepreneurship defined as new venture creation. The paper is based on the study of a cluster policy ('BioRegio') that strongly simulated new firm creation in biotechnology in Germany after 1996. The process induced by...

How does innovation come about in a highly institutionalized field like the construction sector? The construction sector is characterized by relatively rigid routines, strong professional boundaries, clear division of labor, and elaborate national legislation. It tends to lag behind other...

Despite the growth in electronic commerce (hereafter, “e-commerce”) usage, consumers are still reluctant to purchase online due to security and privacy concerns. To alleviate this issue, e-commerce vendors may sign up with an independent third-party web assurance service to obtain a seal...

This paper aims to connect two strands of the venture capital literature: the inter-relationships among venture capitalists (VCs) on the one hand, and between VCs and their funds providers on the other hand. It examines the existence of a relationship between type of fund provider and skill...

Our area of interest is the relationship between Private Equity professionals and the CEOs of companies. Building on previous research on board-CEO relationship and on venture capital and management buyout governance, we aim at complementing the frequently used agency theory perspective by way...

The determinants of venture capital investment have attracted a significant amount of attention from both academics and policymakers. We use a version of the Keuschnigg-Nielsen model for venture-capital-financed projects to condition our analysis on a reasonable set of exogenous variables but we...