Meoli, Michele; Paleari, Stefano; Vismara, Silvio - In: Small Business Economics 40 (2013) 2, pp. 227-248
This paper investigates the valuation and merger and acquisition (M&A) dynamics of the population of 254 biotech firms that went public in Europe between 1990 and 2009. Among these, we identify a high proportion (40%) of firms affiliated with a university or another public research organization....