The relative importance of a multitude of factors for the allocation of expenses towards R&D are assessed in an empirical study of the Canadian biotechnology industry. The results show that patent protection and strategic alliances facilitate R&D spending. The results also show that early-stage...

Private independent limited partnership venture capital funds receive capital from institutional investors, without tax incentives. Limited partnership investment activities are governed by restrictive covenants that are determined by negotiated contract between the fund managers (general...

Private independent limited partnership venture capital funds receive capital from institutional investors, without tax incentives. Limited partnership investment activities are governed by restrictive covenants that are determined by negotiated contract between the fund managers (general...