The Ottawa Technology Cluster is distinctive forseveral reasons, including its development in the absence of significantventure capital opportunities and the initial lack of competition among itsfirms in the product market.Although many qualitative studies existregarding this cluster, this...

This paper explores the financial characteristics of successful Canadian small- and medium-sized enterprises (SMEs). It asks whether industry membership and early growth history play a role in shaping these financial characteristics. Industry comparisons are based on production activity and...

Infrequent trading induces biased estimates of the beta risk coefficient. This paper reports on the efficacy of approaches that seek to correct for this bias and documents the extent of thin trading among New Zealand securities. Parameter estimates free of the thin-trading bias are obtained....