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The M&A dynamics of European science-based entrepreneurial firms

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  • Damiano Bonardo
  • Stefano Paleari
  • Silvio Vismara

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Suggested Citation

  • Damiano Bonardo & Stefano Paleari & Silvio Vismara, 2010. "The M&A dynamics of European science-based entrepreneurial firms," The Journal of Technology Transfer, Springer, vol. 35(1), pages 141-180, February.
  • Handle: RePEc:kap:jtecht:v:35:y:2010:i:1:p:141-180
    DOI: 10.1007/s10961-009-9109-3
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    References listed on IDEAS

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    8. Mike Wright & Ajay Vohora & Andy Lockett, 2004. "The Formation of High-Tech University Spinouts: The Role of Joint Ventures and Venture Capital Investors," The Journal of Technology Transfer, Springer, vol. 29(3_4), pages 287-310, August.
    9. Wright, Mike & Lockett, Andy & Clarysse, Bart & Binks, Martin, 2006. "University spin-out companies and venture capital," Research Policy, Elsevier, vol. 35(4), pages 481-501, May.
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    13. George, Gerard & Zahra, Shaker A. & Wood, D. Jr., 2002. "The effects of business-university alliances on innovative output and financial performance: a study of publicly traded biotechnology companies," Journal of Business Venturing, Elsevier, vol. 17(6), pages 577-609, October.
    14. Mike Wright & Bart Clarysse & Philippe Mustar & Andy Lockett, 2007. "Academic Entrepreneurship in Europe," Books, Edward Elgar Publishing, number 4041.
    15. Black, Bernard S. & Gilson, Ronald J., 1998. "Venture capital and the structure of capital markets: banks versus stock markets," Journal of Financial Economics, Elsevier, vol. 47(3), pages 243-277, March.
    16. Sandra Phlippen & Bert van der Knaap, 2007. "When Clusters become Networks," Tinbergen Institute Discussion Papers 07-100/3, Tinbergen Institute.
    17. Ensley, Michael D. & Hmieleski, Keith M., 2005. "A comparative study of new venture top management team composition, dynamics and performance between university-based and independent start-ups," Research Policy, Elsevier, vol. 34(7), pages 1091-1105, September.
    18. Hsu, David H., 2007. "Experienced entrepreneurial founders, organizational capital, and venture capital funding," Research Policy, Elsevier, vol. 36(5), pages 722-741, June.
    19. Danny Miller, 1983. "The Correlates of Entrepreneurship in Three Types of Firms," Management Science, INFORMS, vol. 29(7), pages 770-791, July.
    20. Richard C. Becherer & John G. Maurer, 1997. "The Moderating Effect of Environmental Variables on the Entrepreneurial and Marketing Orientation of Entrepreneur-led Firms," Entrepreneurship Theory and Practice, , vol. 22(1), pages 47-58, October.
    21. James C. Brau & Stanley E. Fawcett, 2006. "Initial Public Offerings: An Analysis of Theory and Practice," Journal of Finance, American Finance Association, vol. 61(1), pages 399-436, February.
    22. Céline Druilhe & Elizabeth Garnsey, 2004. "Do Academic Spin-Outs Differ and Does it Matter?," The Journal of Technology Transfer, Springer, vol. 29(3_4), pages 269-285, August.
    23. Frank R. Lichtenberg & Donald Siegel, 1987. "Productivity and Changes in Ownership of Manufactoring Plants," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 18(3, Specia), pages 643-684.
    24. Rory O’Shea & Harveen Chugh & Thomas Allen, 2008. "Determinants and consequences of university spinoff activity: a conceptual framework," The Journal of Technology Transfer, Springer, vol. 33(6), pages 653-666, December.
    25. Ginés Hernández-Cánovas & Pedro Martínez-Solano, 2007. "Effect of the Number of Banking Relationships on Credit Availability: Evidence from Panel Data of Spanish Small Firms," Small Business Economics, Springer, vol. 28(1), pages 37-53, January.
    26. Reuer, Jeffrey & Shen, Jung-Chin, 2003. "The Extended Merger and Acquisition Process:: Understanding the Rôle of IPOs in Corporate Strategy," European Management Journal, Elsevier, vol. 21(2), pages 192-198, April.
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    More about this item

    Keywords

    SBEFs; University spin-offs; Science-based entrepreneurship; Europe; IPOs; M&As; G34; M13; O32;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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