This paper investigates the effect of compensation of corporate personnel on their investment in new technologies. To that end, we focus on a specific corporate activity, namely Corporate Venture Capital (CVC), describing minority equity investment by established firms in entrepreneurial...

Crowdfunding platforms have exhibited explosive growth over the past decade. In this paper, we map out what we know about crowdfunding, and chart directions for future work. We argue the crowdfunding literature simultaneously experiences the ‘problem of riches' and the ‘dearth of evidence'....

The advent of the Internet changed the face of commerce and enabled technology-savvy individuals to build ventures that have challenged incumbent firms, as well as altered the geographic distribution of entrepreneurial activity. Recent developments continue to alter the techno-economic resources...

Research shows that most ventures fail, yet it has devoted limited attention to the consequences of entrepreneurs’ past failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both. Therefore, failure conveys ambiguous information...

Research shows that most ventures fail, yet it has devoted limited attention to the consequences of entrepreneurs' past failure for investors' decisions. Our motivating insight is that failure can be due to bad luck, lack of skill or both. Therefore, failure conveys ambiguous information about...