University spin-out companies face major impediment ofaccess to venture capital. Using a finance pecking order perspective, thisstudy examines the problems that university spin-out (USO) companies face whenseeking venture capital. Focus is on USOs that are expected to have growthprospects but...

The purpose of this paper is to investigate the extent to which institutional origin has an impact on the resource endowments of science-based entrepreneurial firms, which are founded from the research base developed at public research organisations. Investigation of the potential explanatory...