What is it that makes a successful sovereign wealth fund? I outline three primary factors. First, a sovereign wealth fund needs a predictable and dedicated capital source. Second, few sovereign wealth funds have laid out clear and defined rules for withdrawal of fund capital. Third, a sovereign...

The past three years have seen Sovereign Wealth Funds (SWF) capturing headlines for high-profile investments in innovative technology businesses. The Public Investment Fund of Saudi Arabia may have made the most noise in 2016 with its attention-grabbing $3.5 billion Uber stake and, more...

In diesem Beitrag wird der Weg nachgezeichnet, den ein mittelständischesUnternehmen zu gehen hat, das seit Jahren versucht, die Idee einer innovativenUmwelttechnik zu implementieren. Diese Fallstudie erhebt keinen Anspruchauf Repräsentativität. Trotzdem dürften auch andere Unternehmen...

IT fashions are IT innovations within a hyped phase. They are on the rise and claimed to be “the next big thing”. Investing in IT fashions bears potential for high returns in case the technology becomes institutionalized and first mover advantages can be realized. Contrary, it bears the risk...

The survey assessed senior managers' views of and experiences with the innovation-to-cash process.

This paper uses a large panel of survey data on German firms in the manufacturing sector to analyse the effects of financing constraints for investors in general and for innovative firms in particular. Survey data with information on financing conditions are potentially a valuable tool that...

This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...

We develop a model of R&D competition between an incumbent and a potential entrant with network externalities and durable goods. We show that the threat of entry eliminates the commitment problem that an incumbent may face in its R&D decision due to the goods? durability. Moreover, a potential...