Antonelli, Cristiano; Teubal, Morris - International Centre for Economic Research (ICER) - 2007
management and hence profitability of investments in high-tech start- ups. The emergence of venture capitalism has important … economies of scope in the transactions of technological knowledge bundled with managerial competence, reputation, screening … procedures and equity. It has paved the way to the emergence of new surrogate markets for knowledge, i.e. financial markets …