This study systematically documents the perceptions of LPs, venture capitalists and entrepreneurs and their views of the trends and challenges facing the European venture capital market. The interest from LPs in European venture capital funds was found to be neutral to marginally negative...

We examine the impact of firms' open and distributed innovation (ODI) business models on their market value. Using a legitimacy lens, we argue that engaging in ODI business models implies non-conformance to existing socio-cognitive categories, thereby making it difficult for investors to...

Empirical findings from publicly traded firms and behavioral theory arguments suggest a positive influence of resource slack on financial performance. While this area has remained unexplored in privately held firms, conceptual arguments indicate that resource constraints may serve to enhance...

This study explores the effects of experiential learning on the cost of capability development. Drawing from historical data on patenting and licensing activities at the Wisconsin Alumni Research Foundation, we find evidence of a curvilinear relationship between experiential learning within a...

Governments around the world, but especially in Europe, have increasingly used private sector involvement in developing, financing and providing public health infrastructure and service delivery through public-private partnerships (PPPs). Reasons for this uptake are manifold ranging from rising...

We provide evidence that young firms systematically differ from older firms in their innovative output when they enter ‘new to the firm' technological niches. We analyze data from 128 biotechnology firms since their inception and track these firms over time. Our analyses reveal that the...

We examine why commercialization of inter-disciplinary research, especially from distant scientific domains, is different from inventions from specialized or proximate domains. We argue that anticipated coordination costs arising from the need to transfer technology to the licensee firms and...

Small and medium sized enterprises (SMEs) play an important role in international markets. This study argues that the ownership structures of SMEs influence their proclivity to take risks and expand the scale and scope of their internationalization efforts. Data from 889 Swedish SMEs reveal that...

We highlight the emerging role of technology transfer offices as institutional entrepreneurs involved in building legitimacy for novel technologies. To illustrate this role, we carry out an in-depth study of the Wisconsin Alumni Research Foundation's (WARF) initiatives to support the emergence...