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This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncer-tainty and therefore rely on patents as signals when trying to assess the prospects of...
Persistent link: https://www.econbiz.de/10003861082
research potential. To better take advantage of this, the country needs to expand its innovation system significantly. There is … greater added value in the medium term, the country has a chance of transforming itself into an innovation-driven economy. …
Persistent link: https://www.econbiz.de/10010407374
In the presence of asymmetric information, economic agents need to communicate their quality to investors and other parties. While much of the literature focuses exclusively on signaling, we develop a conceptual framework that extends this view with elements of the literature on certification....
Persistent link: https://www.econbiz.de/10013095986
relationship between firm-level innovation, entry and exit on the one hand, and productivity and growth on the other. Aghion has … policy discussion concerning the interdependencies between entrepreneurship, competition, wealth and growth …
Persistent link: https://www.econbiz.de/10012953364
's development: an invaluable strategic advantage for entire industrial systems, innovation environments, and national economies …
Persistent link: https://www.econbiz.de/10012830836
A better understanding of the relational antecedents of innovation in family firms is central to explaining their long … does not always foster innovation directly as existing theory suggests, but through their organizational commitment. These … have a crucial intermediate role in the relationship between internal social capital and innovation in family firms. …
Persistent link: https://www.econbiz.de/10012434248
Decision making under uncertainty would seem most fitting for Innovation. Often the uncertainty inherent in innovation … some aspects of decision making relevant to Innovation and will give examples for such choices and decisions. In the aspect … innovation aspect we will focus on the decisions required in order to choose entrepreneurship and their link to decision making. …
Persistent link: https://www.econbiz.de/10010901771
Financing constraints have been discussed as a major obstacle to innovation. Small and medium-sized enterprises and … sense and as instruments for financing innovation. It also discusses implications of these developments for public policy …
Persistent link: https://www.econbiz.de/10008493109
view, the involvement of intermediaries in the innovation process is accompanied by the risk of losing specific knowledge …Information is a critical resource in innovation processes. External information can be helpful in innovation processes … to complete them successfully. SMEs in particular are therefore advised to draw on consulting in innovation processes, as …
Persistent link: https://www.econbiz.de/10008577601
research potential. To better take advantage of this, the country needs to expand its innovation system significantly. There is … greater added value in the medium term, the country has a chance of transforming itself into an innovation-driven economy …
Persistent link: https://www.econbiz.de/10011128823