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Entrepreneurial Founder Effects in the Growth of Regional Clusters How Early Success is a Key Determinant
Dahl, Michael S.; Pedersen, Christian Ø.R.; Dalum, Bent - DRUID, Copenhagen Business School, Department of … - 2005
How can the growth of regional clusters be explained? This paper studies in great detail the growth of the wireless … main driving force behind the generation of new firms that eventually lead to the formation of clusters. The success of the … first firms tends to generate spin-offs, which become successful themselves due to the background of the founders. …
Persistent link: https://www.econbiz.de/10005627359
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Designing Governance Mechanisms for Knowledge-Intensive
Gambardella, Alfonso; Panico, Claudio - KITeS, Centre for Knowledge, Internationalization and … - 2009
Knowledge-intensive activities are bound by imperfections that limit the provision of incentives, particularly asymmetric information about inputs and unclear definition of outputs. Thus, performance-based incentives are not possible. We then model a contract in which the firm can use the...
Persistent link: https://www.econbiz.de/10008683420
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Agglomeration economies and entrepreneurship: testing for spatial externalities in the Dutch ICT industry
Oort, Frank G. van; Stam, Erik - Max-Planck-Institut für Ökonomik <Jena> - 2005
Although there is growing evidence on the role of agglomeration economies in the formation and growth of firms, both the concepts of agglomeration economies and entrepreneurship tend to be ambiguously defined and measured in the literature. In this study, we aim to improve the conceptualisations...
Persistent link: https://www.econbiz.de/10005865017
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Agglomeration economies and entrepreneurship: testing for spatial externalities in the Dutch ICT industry
van Oort, Frank G.; Stam, Erik - 2005
Although there is growing evidence on the role of agglomeration economies in the formation and growth of firms, both the concepts of agglomeration economies and entrepreneurship tend to be ambiguously defined and measured in the literature. In this study, we aim to improve the conceptualisations...
Persistent link: https://www.econbiz.de/10010261507
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Commercialization Strategy and IPO Underpricing
Morricone, Serena - 2019
This paper studies the interplay between two defining features of technology-based firms: licensing as a commercialization strategy and the reliance on equity financing. Within the context of an IPO, we argue that the technology commercialization strategy of a firm going public affects...
Persistent link: https://www.econbiz.de/10012901908
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An Option to Ally : A Dyadic Analysis of Corporate Venture Capital Relationships
Wadhwa, Anu - 2019
This paper takes a real options view of corporate venture capital (CVC), which are direct minority equity investments made by established companies in privately held entrepreneurial ventures. CVC investments have been characterized as creating growth options for corporate investors. We argue...
Persistent link: https://www.econbiz.de/10012906121
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Achieving High Growth in Policy-Dependent Industries : Differences between Startups and Corporate-Backed Ventures
Georgallis, Panayiotis (Panikos) - 2016
This research examines which firms achieve high growth in policy-dependent industries. Using the European solar photovoltaic industry as our empirical setting, we investigate the impact of policy support on the growth of independent startups and corporate-backed ventures operating across...
Persistent link: https://www.econbiz.de/10012989198
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Swift and Smart : The Moderating Effects of Technological Capabilities on the Market Pioneering - Firm Survival Relationship
Franco, April - 2015
We extend the concept of first mover advantage to the context of high-technology industries with multiple product generations, and propose that the notion of first mover advantage needs to be viewed not only through a dynamic lens, but also in conjunction with technological capability. Our main...
Persistent link: https://www.econbiz.de/10012707742
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Digital Dynamics and Types of Industry Convergence : The Evolution of the Handheld Computers Market
Stieglitz, Nils - 2013
One recurrent theme in the discussion about the salient features of the digital economy is the claim that industries like telecommunications, computing, and entertainment are converging. While the notion of industry convergence of industry convergence is often used to characterize industrial...
Persistent link: https://www.econbiz.de/10012753896
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Agglomeration economies and entrepreneurship: testing for spatial externalities in the Dutch ICT industry
Stam, Erik; Oort, Frank G. van - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft
Although there is growing evidence on the role of agglomeration economies in the formation and growth of firms, both the concepts of agglomeration economies and entrepreneurship tend to be ambiguously defined and measured in the literature. In this study, we aim to improve the conceptualisations...
Persistent link: https://www.econbiz.de/10005252219