In this paper we argue for the need of sector contextualization to achieve a better understanding of new venture activities aimed at commercializing university generated knowledge. From this perspective, we contend that an analysis of the creation of research-based spin-offs (RBSOs) must take...

This paper sheds light on the role of the regional innovation system in facilitating the Bangalore Software cluster’s transition from a development model based on offering low cost activities/services towards a model based on an independent innovation profile. Recent research has documented...

Experimental evidence reveals that there is a strong willingness to trust and to act in both positively and negatively reciprocal ways. So far it is rarely analyzed whether these variables of social cognition influence everyday decision making behavior. We focus on entrepreneurs who are...

Recent findings by Hamilton (Journal of Political Economy, 2000) suggest that the self-employed do not receive a monetary premium for the risk and uncertainty associated with business ownership. In this paper, I show that that income underreporting by entrepreneurs can explain the lack of...

We model spatial clusters of similar firms. Our model highlights how agglomerative forces lead to localized, individual connections among firms, while interaction costs generate a defined distance over which attraction forces operate. Overlapping firm interactions yield agglomeration clusters...

Experimental evidence reveals that there is a strong willingness to trust and to act in both positively and negatively reciprocal ways. So far it is rarely analyzed whether these variables of social cognition influence everyday decision making behavior. We focus on entrepreneurs who are...

The article is about the development of business sector in Georgia. It consists of the wide range of information on the business environment in Georgia. Here, we would like to mention that while obtaining the information and writingthis article, we focused on the importance of development of...

This paper investigates the relationship between different types of personal experience and start-up success. We propose four extensions to earlier studies on the subject. First, we distinguish between management, technical, industry, and entrepreneurial experience of founders. Second, we...