Because the exit stage may have several feedback effects on the earlier stages (i.e. fundraising and investing) in the venture capital process, the long-run development of the venture capital industry is dependent on the exit possibilities the financial system generates. In this study, we...

A firm that owns a patent has a legal right to exclude. Applying for the patent, however, discloses discovery of an invention by the firm. Both the ownership of the right and the disclosure of the discovery expose the firm to an acquisition, because other firms may be interested in buying the...

The study investigates, by using econometric evaluation methods, how the usage of Fin-pros (a public agency promoting internationalization of business) services impacts on the internation-alization and performance of small and medium-sized firms in Finland. We measure internationalization and...