Die Bewertung innovativer Wachstumsunternehmen erfährt vor dem Hintergrund der aktuellen Kapitalmarktsituation und der stockenden Exit-Optionen für den externen Investor eine exponierte Bedeutung. Der Betrachtungsschwerpunkt der vorliegenden Arbeit liegt auf dem Zusammenhang zwischen...

This paper takes a different perspective toward the escape entry incentive of incumbent firms to innovate. New entrants spawned from incumbents are not necessarily a threat; they can complement incumbents' production by commercializing knowledge incumbents are not willing or able to exploit....

This paper presents a basic framework to assess whether structural (vertical) separation is desirable. It is discussed within the setting of fixed telecommunications markets. From an economist's perspective, the key question that underlies the case for structural separation is: is there a...

Spinoff firms are exceptional performers across industries. The causes for the emergence of spinoff firms are widely investigated in the literature. However, the role of teams for spinoffs has received little scholarly attention. On one hand, talented individuals may find it necessary to team up...