Globalisation is radically reshaping the business environment for small and mediumsized enterprises (SMEs). In order to cope with increased competition and business opportunities in globalised markets, SMEs may…
The creation of academic spin-offs has received great attention in innovation policy for the last couple of years. Throughout Europe policy programmes have been introduced to stimulate entrepreneurial activities…
Valuable knowledge emerges increasingly outside of firm boundaries, in particular in public research institutions and universities. The question is how firms organize their interactions with universities…
Die demografische Entwicklung in Deutschland wird auf mittlere Sicht zu einer nennenswerten Absenkung der bisher für das Gründungsgeschehen bedeutsamen Alterskohorten führen. Diese Studie zeigt durch eine…
This paper addresses the welfare effects of conditional grants when there is government failure on the subordinate (hereafter regional) level. Government failure on the regional level may occur due to the…
We show empirically that survey-based measures of expected inflation are significant and strong predictors of future aggregate stock returns in several industrialized countries both in-sample and out-of-sample.…
