Articles in "R&D, Entrepreneurship and Innovation"

Technology Alliance Governance, Partner Selection, and Firm Innovativeness

Interfirm technology alliances represent an important mechanism through which firms develop new technologies, products and processess. Research shows that the governance structure of such alliances is an important factor affecting the contribution it makes to a firm's innovativeness. Joint ventures are proven to be more effective knowledge transfer vehicles than contractual agreements, and yet alliance formation research shows that firms often govern technology alliances by the latter. If innovation motivates technology alliance governance decisions and if joint ventures increase firm innovativeness, then it is not clear why so many alliances are governed by contactual agreement. This paper tackles this conundrum and aims to advance understanding of the mechanisms connecting alliance governance to a firm's innovativeness.

Updated: 21/12/2012
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Views: 969

Founders, Private Equity Investors and Underpricing in Entrepreneurial Initial Public Offerings


One of the most important events in the life of an entrepreneurial firm is when it undergoes an Initial Public Offering (IPO). Underpricing of the stock at the IPO is the difference between the initial price at which a firm's stock is offered and the closing price of the stock on the first day of trading. It is a major concern to the entrepreneur and firm since it represents value the market ultimately sees in the stock but which the firm/entrepreneur did not obtain when the stock was first offered for sale. This paper examines IPO underpricing in a sample of UK entrepreneurial IPOs where founders retain a significant ownership stake.

Updated: 27/11/2012
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Views: 857

The Employee Ownership Advantage: benefits and consequences

In the UK, the case of employee-ownership has recently gained attention - in part because of the recognition of the need for fairer society, but also because adverse economic conditions point to business resilience as an important part of sustaining employment and long-term growth.

Cass Professors Joseph Lampel and Ajay Bhalla along with Newcastle University's Dr Pushkar Jha have released a joint study into employee ownership, conducted in collaboration with UK Department of Business, Innovation and Skills.

Updated: 07/02/2013
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Views: 2,589

Unusual talent: a study of successful leadership and delegation in dyslexic entrepreneurs

This study examines how dyslexia has affected the way ten successful entrepreneurs who are dyslexic lead their companies and manage their teams.

It seeks to understand whether dyslexia has shaped the way they organise and manage their ventures, their leadership style, the way they communicate and the way they deal with the people around them, including their employees.

Updated: 14/01/2013
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Views: 2,134

The Everyday Entrepreneur

Self-employment is the key to a better quality of life. For most women in this study their main motivation for starting a business was to increase their flexibility and improve their work life balance.

This study, commissioned by Avon Cosmetics, explores self-employment and entrepreneurship in women in the UK.

Updated: 14/01/2013
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Views: 2,329

Passion and challenges: women starting new ventures at fifty

With more than a third of the UK population expected to be over fifty-five by 2025, the number of female entrepreneurs starting and growing ventures at fifty is increasing. The more knowledge we have about their motivations and needs, the more likely we are to be able to offer the right encouragement and support.

This exploratory study seeks to fill the gap and find out more about women who start ventures at fifty or over.

Updated: 14/01/2013
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Views: 2,581

R&D partnership portfolios and the inflow of technological knowledge

Companies' early-stage research and development efforts are extremely uncertain and research has often argued that companies should form one technology-development alliance at a time to see if a new technology may have potential. The drawback of such a sequential approach is that companies are left empty-handed in case that one alliance does not produce any results.

The portfolio perspective as proposed in this research instead argues that in the face of severe uncertainty, companies should engage in multiple simultaneous alliances in order to distinguish quickly between technological dead-ends and promising new technologies.

Updated: 14/01/2013
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Views: 3,030

Introduction to Cass research: video series

Cass academic research introduced by Cass academics - in short video format.

Updated: 22/09/2011
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Views: 3,235

Nurture or nature? the growth paradox of research-based spin-offs

This study explores the effect of institutional origin ('nurture') and economic context ('nature') on the financial resource endowment and subsequent early employment growth of research-based spin-offs (RBSOs).

Updated: 06/03/2012
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Views: 4,204