Why does the location of new firms differ according to the characteristics of the industry? Is there a relation between a technologically dense base of firms and the urban environment in which they appear? Does the autonomy of new firms when deciding their location differ according to the...

Factors that result in managerial changes in new firms are discussed, and compared with what is known about large firm succession.More specifically, the effects of firm growth, strategic change, various levels of ownership, board independence, and current top management characteristics on...

Examines the relationship of industry life cycle stage to strategic posture and organization structures in addition to new venture financial performance. Four hypotheses are presented for consideration. Data collected for this research were obtained from 90 firms located in western Pennsylvania....

This paper investigates why industrial firms conduct Corporate Venture Capital (CVC) investment in entrepreneurial companies. I test alternative views on CVC by exploiting the entry, investment, and termination decisions of CVC divisions. CVC entry concentrates in firms that experience...

In this paper, we present cross-country evidence on firm size distribution, firm demographic and post-entry performance for 10 OECD countries. We use harmonized firm-level data drawn from business registers or social security records.These data enable international comparisons and the...

Is it the institutions or firm characteristics at birth that shape startups and their early growth in developing countries? Using comprehensive data from the Indian Annual Survey of Industries this paper addresses this question by studying the early lifecycle of firms across diverse...

How do VCs select startups to fund over multiple rounds? To study this question, I develop a dynamic two-sided matching model of VC funding. Using a hand-collected database including both VC-funded and non-VC-funded startups, I estimate the joint determinants of investment selection and the...

Firm life-cycle stage reflects a firm's current strategic direction towards exploration independent of age or size. We provide evidence that young life-cycle firms are particularly vulnerable to negative innovation consequences from financial regulation but do not appear to experience any...