Showing 1 - 10 of 48
Organizational theory has construed complexity as an objective characteristic of either the structure or the behaviour of an organization. We argue that to further our understanding it should be understood in terms of human cognition of a structure or behavior. This cognitive twist is...
Persistent link: https://www.econbiz.de/10011334831
This paper addresses the performance of creative firms from the perspective of complex spatial systems. Based on an extensive high-dimensional database on both the attributes of individual creative firms in the Netherlands and a series of detailed regional facilitating and driving factors...
Persistent link: https://www.econbiz.de/10010226577
Previous research on firm performance does not adequately account for the interrelatedness of a firm's professional connections, political ties, and family business-group affiliation. Many widely-cited findings may therefore be subject to confounding bias. To address this problem, we adopt a...
Persistent link: https://www.econbiz.de/10011431401
We analyze financial support for the entrepreneurial sector. State support can raise welfare by relaxing financial constraints, but it can also reduce lending standards if entrepreneurs substitute public sources of collateral for their own assets, if it encourages excessive entrepreneurial...
Persistent link: https://www.econbiz.de/10011377605
deals and the choice between corporate venturing and independent venture capital finance. …Strategic investors, such as corporate venture capitalists, engage in the financing of start-up firms to complement … choice between strategic and financial investors. Our framework provides insights into the design of corporate venturing …
Persistent link: https://www.econbiz.de/10011378146
This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test...
Persistent link: https://www.econbiz.de/10011379511
This article investigates empirically whether and to what extent initial capital constraints hinder entrepreneurial …—to measure the influence of capital constraints more directly. The authors find that initial capital constraints during the start …
Persistent link: https://www.econbiz.de/10011333876
’ balance sheets deteriorated between the fourth quarters of 1993 and 1995, which points the possibility of corporate roots of …
Persistent link: https://www.econbiz.de/10011335213
financial capital.We argue that when financial wealth is sufficiently diffused, thereis political support for a strong …
Persistent link: https://www.econbiz.de/10011346462
This paper provides empirical evidence that campaign contributions arestrongly associated with market expectations of future firm-specific political favors,including preferential access to external financing. Using a novel dataset, we find thatfirms in Brazil providing contributions in the 1998...
Persistent link: https://www.econbiz.de/10011348347