This work analyses the effect of informal risk capital financing on a firm's investment/cash flow sensitivity (ICFS) in a sample of 498 Italian privately held high-tech entrepreneurial ventures (HTEVs) observed from 1996 to 2008. To detect financial constraints, we resort to an error correction...

This article discusses and empirically investigates whether and how university knowledge and industry knowledge <italic>interact</italic> to determine the creation of knowledge-intensive firms (KIFs) in a geographic area. In line with the knowledge spillover theory of entrepreneurship (KSTE), we find that both...