In this contribution we develop a theoretical framework derived from the national system of innovation literature and the subsequent criticisms voiced by regional scientists and industry/technology experts who emphasize the importance of the intermediate subnational and sectoral levels to...

The success of Silicon Valley start-ups has led many countries to look at the beneficial impact of start-ups in creating jobs, improving economic standard of region, providing cutting edge to competition of nation. Not many of the attempts to transplant this typical US system in alien...

This article analyzes the relationship between the usage of Internet-based technologies, different types of innovation, and performance at the firm level. Data for the empirical investigation originates from a sample of 7,302 European enterprises. The empirical results show that Internet-based...

This paper studies the diffusion of multiple related technologies among firms. The results suggest an endogenous acceleration mechanism for technology adoption: The more advanced a firm is in using a particular set of technologies, the more likely it is to adopt additional related technologies....

Analyzing a cross-country panel of 16 OECD countries from 2002 to 2005, we find that higher unemployment benefits crowd out nascent entrepreneurial activity. Our results hold regardless of entrepreneurial motivation (necessity or opportunity) and entrepreneurial type (imitative or innovative)

The Bayh-Dole Act attempts to utilize the incentives of the patent system to persuade companies to develop inventions arising from government-funded research, allowing recipients of government funding to patent their inventions and then sell or license those patents as they see fit. The Act has,...

This paper revisits the quot;what causes innovation - market pull or technology push?quot; debate to argue that the conceptualisation is flawed and that the firm is the only quot;agentquot; capable of innovative action. The paper differentiates between quot;usequot;, quot;needquot; and...

In this paper we examine the cross-sectional determinants of idiosyncratic volatility of biotech IPO firms. We extend current research in two directions. First, we test whether CEO stock options impact on idiosyncratic volatility. Second, we test new hypotheses that relate some easily...

Il lavoro descrive le strategie di ricerca e sviluppo (R&S) delle imprese italiane, usando i dati dell'indagine annuale sulle imprese (Invind) condotta dalla Banca d'Italia. I risultati, relativi al periodo 2008-2010, fanno emergere per le imprese italiane una serie di fatti stilizzati della...

Managers and management scholars have traditionally embraced the premise that sustainable competitive advantage must be developed by firms to achieve and perpetuate competitive superiority. The validity of the notion that competitive advantages are sustainable began to be questioned toward the...