Venture capitalism is a major institutional innovation based on identifying economies of
scope in transactions of technological knowledge, bundled with managerial competence …

New dedicated capital markets specialized in the public transactions of the stocks of 'science-
based companies' emerged in the USA during the 1970s. These new financial markets …

The disparity in economic progress across nations still confound economists. However,
economists know that institutions play a significant role in economic growth. The …

New knowledge-based enterprises have several characteristics that limit their options for
obtaining financing from external sources: they have little or no collateral, their assets tend to …

An understanding of Austrian entrepreneurship, in conjunction with property rights, resource-
based and transaction costs theory allow us to understand economic rent generation as a …

Industrial culture focuses mainly on the production of 'things'–of static objects. Knowledge,
on the other hand, is constantly in flux, like a flowing stream. Conventional industrial notions …

Information economy offers new prospects for production organization. Organizational
ecology is no longer dominated overwhelmingly by business corporations and producer …

This study examines interactions between political processes and intellectual property rights
regimes that can influence the propensity of early-stage entrepreneurs to employ the latest …

Research Summary We consider two sources of innovation, technical and financial, and
examine their separate and joint impacts, through the process of financial intermediation, on …

Entrepreneurs in a competitive economy face three fundamental problems. They need to
search for and discover a business opportunity, evaluate it, and then seize the opportunity to …