This study investigates the role of trademarks in the start-up valuations of venture capitalists (VCs). Our results show that the number and breadth of trademark applications have inverted U-shaped relationships with the financial valuations of start-ups by VCs. The findings also indicate that...

The 2009 financial crisis had a severe impact on the venture capital market. This brief article summarizes the empirical evidence as regards the effect of the financial crisis on venture capital financing. Further, the article analyzes, whether now, in the middle of 2011, the venture capital...

This study investigates whether microblogging messages on Twitter validly mirror the political landscape offline and can be used to predict election results. In the context of the 2009 German federal election, we conducted a sentiment analysis of over 100,000 messages containing a reference to...

How does the social capital of venture capitalists (VCs) affect the funding of start-ups? Extant entrepreneurship literature conceptualizes a substitute effect between the social and financial capital that new firms attain from their investors. On the contrary, by building on the rich social...

This paper investigates the effects of trademarks on the market value of firms. The results show that trademarks have a positive effect on firm value. Next, the firms' market values are regressed on indicators of trademark value such as trademark seniorities, the number of oppositions filed, and...

This study analyzes the effect of the 2008 financial crisis on the venture capital market. We show that the crisis is associated with a decrease in the number of initial funding rounds as well as with a decrease in the amount of funds raised in later funding rounds. The effects of the crisis...

Acquisitions by Chinese firms have increased markedly in recent years. So far, we know little about the effects of these acquisitions on the acquirer's innovation performance. In this regard, we study two related research questions. First, to what extent can Chinese firms increase their patent...

The decision to syndicate investments in entrepreneurial finance has been explained through financial, networking, and resource-based perspectives. We posit that a personality perspective exists next to these three perspectives and hypothesize that the personality of business angels influences...

Despite a high volatility and the recent fall in price, more and more merchants and consumers adopt Bitcoin. The virtual currency might be standing at its critical point to reach the early majority of adopters. This paper examines whether an application called ChangeTip has the potential to...

A large number of new ventures in Germany are undertaken due to government aid. With the introduction of the Ich-AG or me-plc in January 2003, this share has increased strongly. Entrepreneurship research so far has said very little about the success and the determinants of success of these types...