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Albornoz, Facundo; Calvo-Pardo, Héctor; Corcos, Gregory; … - London School of Economics (LSE) - 2010

Firms need to incur substantial sunk costs to break in foreign markets, yet many give up exporting shortly after their first experience, which typically involves very small sales. Conversely, other new exporters shoot up their foreign sales and expand to new destinations. We investigate a simple...

Persistent link: https://www.econbiz.de/10011071232

Evolution of decision and control rights in venture capital contracts: an empirical analysis

Bienz, Carsten; Walz, Uwe - London School of Economics (LSE) - 2006

We analyze the structure and evolution of the allocation of decision and control rights in venture capital contracts by using a sample of 464 contracts between venture capitalists (VC) and portfolio firms from Germany. We focus on the evolution of control and decisions rights along three time...

Persistent link: https://www.econbiz.de/10010745436

The dynamics of venture capital contracts

Bienz, Carsten; Hirsch, Julia - London School of Economics (LSE) - 2005

We analyze the degree of contract completeness with respect to staging of venture capital investments using a hand-collected German data set of contract data from 464 rounds into 290 entrepreneurial firms. We distinguish three forms of staging (pure milestone financing, pure round financing and...

Persistent link: https://www.econbiz.de/10010746202

Optimal contracting and the organization of knowledge

Fuchs, William; Garicano, Luis; Rayo, Luis - London School of Economics (LSE) - 2014

We study contractual arrangements that support an efficient use of time in a knowledge-intensive economy in which agents endogenously specialize in either production or consulting. The resulting market for advice is plagued by informational problems, since both the difficulty of the questions...

Persistent link: https://www.econbiz.de/10011126635

Matching demand and supply in a weightless economy : market-driven creativity with and without IPRs

Quah, Danny - London School of Economics (LSE) - 2002

creativity. Markets for intellectual assets protected by IP rights can produce too much or too little innovation. …

Persistent link: https://www.econbiz.de/10010884530

Coordinating tasks in M-form and U-form organisations

Qian, Yingyi; Roland, Gerard; Xu, Cheng-Gang - London School of Economics (LSE) - 2003

compare the performance of organisational forms (M-form and U-form) in implementing changes such as innovation and reform. In … scale. The distinctive advantage of the M-form is flexibility of experimentation, which allows the organisation to introduce … more innovation and reform. The theory is illustrated by the organisational differences between China and the former Soviet …

Persistent link: https://www.econbiz.de/10010928762

Measuring the cost effectiveness of an R&D tax credit for the UK

Griffith, Rachel; Redding, Stephen; Van Reenen, John - London School of Economics (LSE) - 2001

effect on technology transfer (catching up with the technological frontier) as well as innovation (pushing the frontier …

Persistent link: https://www.econbiz.de/10010928789

Technological innovation and economic performance in the United Kingdom

Nickell, S. J.; Van Reenen, John - London School of Economics (LSE) - 2001

due to a weakness in technological innovation despite a high quality science base. This includes comparatively low and …

Persistent link: https://www.econbiz.de/10010745223

How does innovation affect worker well-being?

Bryson, Alex; Dale-Olsen, Harald; Barth, Erling - London School of Economics (LSE) - 2009

effect which becomes more pronounced when we account for the endogeneity of innovation. This is the case for three different … count measures of innovation – a global measure of innovation and measures for labour innovations and capital innovations …

Persistent link: https://www.econbiz.de/10010745414

Nursery cities: urban diversity, process innovation and the life-cycle of products

Duranton, Gilles; Puga, Diego - London School of Economics (LSE) - 2000

A simple model of process innovation is proposed, where firms learn about their ideal production process by making …

Persistent link: https://www.econbiz.de/10010745492