International new ventures (INVs) have been documented to exist all around the world, but the literature is silent on the frequency of such companies in different countries. We contend that the propensity of new ventures to internationalize by forming international partnerships is higher in...

Based on a case study of three asymmetric new venture development (ANVD) alliances, we examine the governance of transitions from exploration to exploitation. We propose that role deficiencies, technological asymmetry, and the presence of a separate venture unit at established firms constitute...

The notion of social entrepreneurship has gained increasing recognition in thelast years, both as an increasingly visible mode of economic action, and as animportant policy tool. The paper outlines a typology that departs from aSchumpeterian view of entrepreneurship, that centers on the creation...

Die Kooperation zwischen etablierten Unternehmen und Start-ups bietet erweiterte Möglichkeiten, Innovationen durchzuführen und die Digitalisierung der Wirtschaft voranzutreiben. Die Automobilindustrie zählt bereits zu den überdurchschnittlich innovativen Wirtschaftszweigen in Deutschland,...

This paper surveys empirical and theoretical studies of various control mechanisms embedded in venture capital contracts. These mechanisms mitigate incentive problems and opportunistic behavior arising in the uncertain environment of financing young hightechnology enterprises that predominantly...

The relationship between a venture capitalist and an entrepreneur is modeled to investigate the impact of public subsidies on venture capital investments in start-up enterprises. In this model, the venture capitalist only finances start-up enterprises if he has sufficient expertise to make...

This paper analyses the impact of public equity schemes on venture capitalist's incentives to finance start-up enterprises and to support the management teams. In a double-sided moral hazard model, it is shown that experienced venture capitalists, who have already financed start-up enterprises,...

Using an agency framework, this paper examines advantages of offering venture capitalists a choice between public equity and loan schemes. Both schemes can be used to promote venture capital investments in hightechnology enterprises since they encourage inexperienced venture capitalists to...

The notion of social entrepreneurship has gained increasing recognition in the last years, both as an increasingly visible mode of economic action, and as an important policy tool. The paper outlines a typology that departs from a Schumpeterian view of entrepreneurship, that centers on the...

Die Innovationsherausforderungen für Industrieunternehmen nehmen in ihrer Komplexität zu. Neben der Produktentwicklung steigen die Anforderungen an elektronische Hard- und Software, Vernetzung und Automatisierung, den Einsatz Künstlicher Intelligenz sowie Nachhaltigkeit. Diese...