exacerbated development by better-informed venture-backed firms is used as a signal to enhance the sale price of developed … exist in equilibrium. Otherwise, incumbents undertake early preemptive, acquisitions to prevent the venture-backed firms …

. Predictability of outcomes at the micro level is low, and increased specialization of industry exposes economic life of firms and … that targeted industrial policies, and especially the idea of targeted protection of individual firms for international … specialization is most efficiently countered through promoting internationalization of domestic firms such that a broader portfolio …

developed innovations from entrepreneurial firms supported by venture capitalists. We show that venture-backed entrepreneurial … firms have an incentive to overinvest in development vis à vis incumbents due to strategic product market effects on the …

granted to small firms and individuals, we find evidence that high-quality inventions are often sold, and that they are sold …

Chinese small firms is far less explored. This paper aims to examine the role of S&T-based small firms. More precisely, we … examine how much S&T that has been accounted for by small firms and how their S&T intensity differs across industries and … of S&T indicators for small-, medium-, and large-sized manufacturing firms in China in 2000 and 2004. Our results suggest …

using unique data on Swedish multinational firms over a long period of time (1970 to 1998). On average, acquired affiliates …