Venture capital (VC) is a relatively recent addition to the US national system of innovation (NSI). Tracing the history of the VC industry in the US provides an interesting example of how NSIs can add new institutions, and in the process be transformed. The history encompasses important...

The purpose of this article and the special issue is to improve our understanding of the theoretical, managerial, and policy implications of entrepreneurial innovation. We accomplish this objective by examining the role of context in stimulating such activity, as well as its impact on the...

In 2006 China had become the fifth leading nation in terms of its share of the world's scientific publications. Today it is second only to the United States. This achievement has been accomplished in part by a conscientious effort by the government to improve the research performance of China's...

The literature and common belief holds that the acquisition of high- technology firms in rapidly evolving markets normally results in failure. Cisco, however, has successfully grown through the conscious and deliberate use of acquisitions to become the dominant global networking equipment...