Voting features based classifiers, shortly VFC, have been shown to perform well on most real-world data sets. They are robust to irrelevant features and missing feature values. In this paper, we introduce an extension to VFC, called voting features based classifier with feature construction,...

Recent financial crises and especially large corporate bankruptcies, have led bank managements and financial authorities to follow and monitor both financial and real sector risks, and to focus on firm failures. Bank of International Settlements, has therefore, taken the decision to include the...

A vast literature has emphasized that small banks are at a comparative advantage in small business lending. In this paper, we show that apart from size, which is negatively correlated with bank specialization in small business lending, organizational characteristics affect bank loan portfolio...

IN this article, the author elaborates on the co-operation between small and medium-sized enterprises (SMEs) and research and development laboratories in the Małopolska region. He presents the role of technology transfer based on the experience of the 'Kraków Technology Park' Special Economic...

This paper constructs a model where entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We first show that aggressive development of a basic innovation by better informed...

The objective of this study is to compare the effect of different types of public support for R&D projects on firms’ technological capabilities. We distinguish be-tween low-interest loans and subsidies and between national and European sup-port. Using data on 2,319 Spanish firms during the...

Although the notion of Science and Technology Parks (STPs) has become fairly widespread, however, the level of university involvement in these parks differs hugely. At the extremes, there are parks that are owned and managed by universities, and parks with no formal links of any kind with a...

The paper presents an empirical analysis of the innovative activities of business groups in Latin America. It compares the innovativeness of group-affiliated firms (GAFs) and standalone firms (SAFs), and it investigates how country-specific institutional factors – financial, legal, and labor...

In today’s dynamic marketplace, manufacturing companies are under strong pressure to introduce new products for long-term survival with their competitors. Nevertheless, every company cannot cope up progressively or immediately with the market requirements due to knowledge dynamics being...

So far little effort has been put into researching the importance of internal ERP project stakeholders’ mutual interactions, realizing the project’s complexity, influence on the whole organization, and high risk for a useful final outcome. This research analyzes the stakeholders’...