Using an original survey sample of 103 unquoted Belgian technology-based small firms (TBSFs), we examine the capital structure of start-up companies during their consecutive development stages. We find that internal funds, either alone as personal savings or in combination with family and...

This paper aims at contributing to the literature on the impact of a company on Its country's economy. It first puts forward an analysis of the ICT sector worldwide and the importance of the IT sector In Belgium. Second, It aims at validating a method used to calculate the impact of a company...

Europe is not delivering on its commitment under the Lisbon agenda to increase its R&D-to-GDP ratio to 3% by 2010. But does the European Commission's practice of benchmarking each and every member state against the headline 3% figure make sense? R&D intensity is influenced by industrial...

This paper investigates whether firms' innovation strategies affect their patenting behavior, as measured by both the probability of having a patent portfolio and the number of active patents held. Three main dimensions of an innovation strategy are taken into account: the relative importance of...

The 'entrepreneurial university' has become commonplace in debates about new ways of knowledge production and the changing relationships between university, industry and government. A rich literature has developed exploring outputs of such activity, most notably 'patenting', 'licensing', and...

Patent-based indicators at the country level are frequently used to assess countries' innovation performances or efforts. Yet they are often said to reflect the propensity to patent rather than actual research productivity. The authors of this article argue that patent-based indicators can...

The joint increase in the number and size of patents filed around the world puts patent systems under pressure. This paper addresses issues in measuring the voluminosity of patent applications and highlights patterns in its evolution. The results, based on a database of 2 million EPO...