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We investigate the differences in venture capital (VC) governance of investee firms with Open Business Models (OBMs), specifically Open Source Software (OSS), versus closed business models. Due to OSS's pronounced complexity and uncertainty, we conjecture that VC-backed OSS firms are more...
Persistent link: https://www.econbiz.de/10013005571
While the impact of M&A on R&D and innovation examined at the aggregate level left inconclusive evidence, we find that …
Persistent link: https://www.econbiz.de/10014029730
Entrepreneurial ventures operating in high-tech industries are more and more adopting innovative business models, which are based on use of the market for ideas instead of the market for products or on the leveraging of communities of users and developers. A common characteristic of these...
Persistent link: https://www.econbiz.de/10010775184
Do entrepreneurial ventures that adopt an open business model obtain VC finance from higher quality VC investors in comparison with entrepreneurial ventures that adopt a closed business model? Are VC investments in open business model ventures are more likely to be syndicated and more frequently...
Persistent link: https://www.econbiz.de/10010818723
The paper considers the acquisition of a high-tech start-up and analyzes how the allocation of innovation decision …-making powers has an impact on the post-acquisition innovation activity of the target firm. These powers may be delegated to the key … the delegation (or centralization) of decisions and the post-acquisition innovation performance. Specifically, we consider …
Persistent link: https://www.econbiz.de/10008691316
The paper analyzes a peculiar managerial practice, the delegation of decision authority to employees. The practice could enable firms to leverage the external knowledge developed by communities of users and developers. The work focuses on the interaction between firms doing business with...
Persistent link: https://www.econbiz.de/10008455783
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