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Creating Strategic Advantage through Entrepreneurial Governance in New Ventures

Audretsch, David B.; Lehmann, Erik E.; Plummer, Lawrence A. - Wirtschaftswissenschaftliche Fakultät, … - 2007

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...

Persistent link: https://www.econbiz.de/10005090583

How Does Industry Specialization Affect the Efficiency of Regional Innovation Systems?

Fritsch, Michael; Slavtchev, Viktor - Wirtschaftswissenschaftliche Fakultät, … - 2008

This study analyzes the relationship between the specialization of a region in certain industries and the efficiency of the region in generating new knowledge. The efficiency measure is constructed by relating regional R&D input and output. An inversely u-shaped relationship is found between...

Persistent link: https://www.econbiz.de/10005090590

Financial Signaling by Innovative Nascent Entrepreneurs

Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - Wirtschaftswissenschaftliche Fakultät, … - 2009

innovation as well as the project's feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …

Persistent link: https://www.econbiz.de/10005090597

Determinants of spin-offs' long term success - a causal model

Helm, Roland; Mauroner, Oliver - Wirtschaftswissenschaftliche Fakultät, … - 2008

The aim of this paper is to explain successful product and service innovation by spin-offs from public research centres … the spin-off idea on innovation success. As settled by the resource based view of the firm the technological base is a … amount of technology transfer have a positive effect on the formation of competitive advantages and on innovation success. …

Persistent link: https://www.econbiz.de/10005739712

Competition in Innovation and Imitation - A Theoretical and Experimental Study -

Cantner, Uwe; Güth, Werner; Nicklisch, Andreas; … - Wirtschaftswissenschaftliche Fakultät, … - 2004

For given product specifications by two competing firms the demand levels are determined by a randomly generated ideal composition of aspects. Firms can vary some or all aspects of these products, based on information about own (and other's) previous demand. Although the product space is much...

Persistent link: https://www.econbiz.de/10005739730

Von der Markttheorie zur Empirie längerfristigen Märktewandels

Koch, Lambert T. - Wirtschaftswissenschaftliche Fakultät, … - 1997

This paper forges links between a dynamic theory of markets and the reality of long term market changes. Goods are seen as being linked to the range of actions which they make possible. Thus it can be shown that the evolution of markets is closely connected with changing knowledge and property...

Persistent link: https://www.econbiz.de/10005616514

Knowledge and Creative Destruction over the Industry Life Cycle - The Case of the German Automobile Industry

Cantner, Uwe; Dreßler, Kristina; Krüger, Jens J. - Wirtschaftswissenschaftliche Fakultät, … - 2005

This paper investigates how the survival of firms over the industry life cycle is affected by different kinds of knowledge, namely post-entry experience, pre-entry experience, and knowledge acquired by innovative activity. Therefore, a statistical survival analysis is performed for the German...

Persistent link: https://www.econbiz.de/10005105644

Knowledge Compensation in the German Automobile Industry

Cantner, Uwe; Dreßler, Kristina; Krüger, Jens J. - Wirtschaftswissenschaftliche Fakultät, … - 2005

Knowledge is one of the most important determinants in single-industry studies of firm survival over the life cycle. Different kinds of knowledge, namely post-entry experience, pre-entry experience, and knowledge acquired by innovative activity positively influence the survival chances of firms....

Persistent link: https://www.econbiz.de/10005105647

Innovation races: An experimental study on strategic research activities

Cantner, Uwe; Nicklisch, Andreas; Weiland, Torsten - Wirtschaftswissenschaftliche Fakultät, … - 2005

ensuing innovation race, firms interact through information spillovers resulting from the imperfect appropriability of … behavioural regularities of agents who are engaged in innovation activities. As a key element we test to what extend relative … economic performance exercises a stimulating effect on the implementation of innovation and imitation strategies. …

Persistent link: https://www.econbiz.de/10005105649

On Social Identity, Subjective Expectations, and the Costs of Control

Riener, Gerhard; Wiederhold, Simon - Wirtschaftswissenschaftliche Fakultät, … - 2011

Controlling employees can have severe consequences in situations that are not fully contractible. However, the perception of control may be contingent on the nature of the relationship between principal and agent. We, therefore, propose a principal-agent model of control that takes into account...

Persistent link: https://www.econbiz.de/10009249775