The objective of this paper is to assess whether large firms' organizational competencies affect their innovation performances. About 40 organizational sub-competencies are defined and measured through an original survey questionnaire answered by 148 large firms in Belgium. The sub-competencies...

The objective of this paper is to identify the main determinants of venture capital (VC). We develop a theoretical model where three main types of factors affect the demand and supply of VC. These factors are related to macroeconomic conditions, research efforts and technological opportunity,...

This paper details a survey methodology on technology-based small firms (TBSF) in Belgium. The survey's objective is to better understand the factors underlying the creation and development of firms with high growth potentials. In this respect it focuses on the socio-economic factors associated...

This paper presents estimates of the long-term impact of various sources of knowledge (R&D performed by the business sector, the public sector and foreign firms) on multifactor productivity growth of 16 countries from 1980 to 1998. The main results show that the three sources of knowledge are...

In the I.T. industry, which was confronted to a major transition phase during the 90's, partnerships became a strategic component of the new "divided technical leadership" which emerged from the industry vertical disintegration. This paper attempts to evaluate the impact of 1676 partnerships on...

This paper investigates the effectiveness of several methods intending to forecast the number of yearly PCT applications at WIPO. Forecasting exercises have been applied for total PCT applications and for 5 countries accounting for more than 70 per cent of total PCT applications. So far, with...

The objective of this paper is to perform a first evaluation of the macroeconomic impact of venture capital (VC). The main assumption is that VC can be considered as being similar to business R&D performed by large firms. It can therefore contribute to economic growth through two main channels....

Based on original survey data, this paper provides evidence on firms' innovation competencies and performances in Belgium. The relationship with firm size and technological opportunity is systematically evaluated. The first conclusion is that firms recognize the strategic importance of...

This paper aims at contributing to the literature on the determinants of patent value in two respects. It first puts forward new potential determinants of patent value which are mainly related to the identification of the institutional sources of knowledge and the geographical scope of patenting...

This paper intends to contribute to the literature on the determinants of firms' patenting performances. In this respect it puts forward several new hypotheses related to the relationship between the strategic management of innovation and patenting performances. It relies on an original survey...