We discuss three methodological issues concerning predicting the outcome of financial distress. We argue that the outcome of financial distress should be modeled using a multinomial specification. We also argue for a random rather than matched sampling technique. Finally, we investigate the...

We investigated the relation between the survival of new small businesses and their having a bank loan. This was done in the context of a model that included other loan sources, human capital variables, as well as company and industry descriptors. We found, that, over the sample, there is a...

We investigate the private returns for academics that start new businesses. Total earnings for the universe of 478 individuals working at Swedish universities who quit to become full-time entrepreneurs between 1999 and 2008 are compiled. To the best of our knowledge, this is the first analysis...

Various policies have been devised to stimulate the creation of spin-offs from universities by academics. But we still do not know whether it is privately beneficial for academics to start new businesses. To address this question we compile total earnings for the universe of 478 individuals aged...

Various policies have been devised to stimulate the creation of spin-offs from universities by academics. But we still do not know whether it is privately beneficial for academics to start new businesses. To address this question we compile total earnings for the universe of 478 individuals aged...

We investigate the private returns for academics that start new businesses. Total earnings for the universe of 478 individuals working at Swedish universities who quit to become full-time entrepreneurs between 1999 and 2008 are compiled. To the best of our knowledge, this is the first analysis...

The issue—how a firm’s R&D (Research and Development) interaction with universities affects its innovation performance—remains under-researched. This study explores the relationship between firms’ collaboration with universities and their capabilities for innovation, as perceived by R&D...

This paper examines how the institutional set-up of public research organisations (PROs) affects how firms are able to utilise direct interaction with publicly employed researchers. We argue that the role that PRO interaction has to play in the firm’s innovation processes depend on the...

Human capital theory suggests that higher education, as a means of capability creation and of ability screening, is positively associated with individuals’ success as entrepreneurs. This paper argues that social capital perspectives, in particular the theory of local embeddedness and team...