This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents as signals when trying to assess the prospects of...

For firms acting in technological niches the expansion into foreign markets can be a way to increase sales and to thus to recover initial sunk costs over a shorter time frame. Our research, based on survey data for nearly 600 British and German high-tech start-ups, examines whether...

Potentielle Unternehmensgründer treffen auf ein komplexes System von wirtschaftlichen und sozialen Rahmenbedingungen, die das jeweilige Gründungsvorhaben unterstützen oder auch behindern können. Diese Rahmenbedingungen wurden in einer Reihe von Einzelstudien - in Frankreich, den...

For firms acting in technological niches the expansion into foreign markets can be a way to increase sales and to thus to recover initial sunk costs over a shorter time frame. Our research, based on survey data for nearly 600 British and German high-tech start-ups, examines whether...