Increasingly, financial analysts are influencing the strategy formation process of corporations, but so far little attention has been paid to the complex processes of interaction and the corresponding strategic outcomes. This article discusses these influences through different theoretical...

Business angel networks act as a financial intermediary between investors and start-ups and are a means of overcoming the problem of matching entrepreneurs and business angels. In reality, most business angel networks do not accomplish this goal. Using the results of an empirical survey and five...

<title/> <italic>Corporate venture capital (CVC) is a phenomenon that has received changing levels of attention in the last two decades. To understand the varying performance of CVC activities, it is important to analyse the value added CVC firms provide to investee start-up companies. This analysis in itself...</italic>

We present a detailed literature-based analysis of the correct composition of the industry dynamics construct and an empirical test of the formative multidimensional character we propose. By providing a comprehensive definition and measurement concept of industry dynamics with the utmost degree...

Motivated by the different development stages of both, the venture capital (VC) as well as the life science industry in the USA and Europe, we investigate portfolio strategies of US-American and European VC firms active in this sector. We analyse portfolios of 88 VCs financing a total of 1050...

“Business development” (BD) is an often used, but not well defined, term in the business world. Taking a strategy-as-practice perspective as a background, we explore the daily activities of BD in the German biotechnology industry. We show how BD tasks are defined and how they are fulfilled,...

Die Idee einer postmodernen Organisationstheorie wird typischerweise vor dem Hintergrund von Beiträgen diskutiert, die aus der französischen Philosophie stammen. Aus dem Blickwinkel der etablierten Organisationstheorie ist dieser Zugang meist nicht leicht nachzuvollziehen, mit dem Ergebnis,...

The questions of how management consultants' performance can be measured and whether the use of success fees is an appropriate tool for enhancing consultant performance have been subjects of controversial discussions. Despite of the usual principal-agent-theoretical arguments that favour such...