An important literature has made a fundamental link between corporate governance and corporate strategy. According to agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This paper suggests that this may not apply in the context of...

This paper examines the impact of locational choice as a firm strategy to access knowledge spillovers from universities. Based on a large data set of young high-technology start-ups publicly listed in Germany, this study tests the propositions that geographic proximity to the university is...

An important literature has made a fundamental link between corporate governance and corporate strategy. According to agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This paper suggests that this may not apply in the context of...

Early in his career, Edwin Mansfield focused on thedeterminants of the evolutionary process by which firms are created and thengrow. Toward the end of his career, he pioneered research that focused on theexternal sources of research and development, and especially on universities asinputs into...

An examination of whether the institutional differencein universities makes a difference in facilitating spillover and thecommercialization of knowledge is conducted. Specifically, the impacts of twodifferent types of universities in Germany--general universities and technicaluniversities--are...