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In search of complementary assets: The determinants of alliance formation of high-tech start-ups

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  1. Colombo, Massimo G. & Grilli, Luca, 2010. "On growth drivers of high-tech start-ups: Exploring the role of founders' human capital and venture capital," Journal of Business Venturing, Elsevier, vol. 25(6), pages 610-626, November.
  2. Galloway, Tera L. & Miller, Douglas R. & Sahaym, Arvin & Arthurs, Jonathan D., 2017. "Exploring the innovation strategies of young firms: Corporate venture capital and venture capital impact on alliance innovation strategy," Journal of Business Research, Elsevier, vol. 71(C), pages 55-65.
  3. Danny Soetanto & Sarah Jack, 2013. "Business incubators and the networks of technology-based firms," The Journal of Technology Transfer, Springer, vol. 38(4), pages 432-453, August.
  4. Guido Capaldo & Margarida Fontes & Lorella Cannavacciuolo & Pierluigi Rippa & Cristina Sousa, 2015. "Networks Mobilized to Access Key Resources at Early Stages of Biotech Firms: A Comparative Analysis in Two Moderately Innovative Countries," European Planning Studies, Taylor & Francis Journals, vol. 23(7), pages 1381-1400, July.
  5. Banal-Estañol, Albert & Duso, Tomaso & Seldeslachts, Jo & Szücs, Florian, 2022. "R&D spillovers through RJV cooperation," Research Policy, Elsevier, vol. 51(4).
  6. Bei, Xiaoshu, 2019. "Trademarks, specialized complementary assets, and the external sourcing of innovation," Research Policy, Elsevier, vol. 48(9), pages 1-1.
  7. Bertoni, Fabio & Colombo, Massimo G. & Grilli, Luca, 2011. "Venture capital financing and the growth of high-tech start-ups: Disentangling treatment from selection effects," Research Policy, Elsevier, vol. 40(7), pages 1028-1043, September.
  8. Andrew A. Toole & Dirk Czarnitzki & Christian Rammer, 2015. "University research alliances, absorptive capacity, and the contribution of startups to employment growth," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 24(5), pages 532-549, July.
  9. López Iturriaga, Félix & Marti­n Cruz, Natalia, 2008. "Antecedents of corporate spin-offs in Spain: A resource-based approach," Research Policy, Elsevier, vol. 37(6-7), pages 1047-1056, July.
  10. Fabio Bertoni & Annalisa Croce & Diego D'Adda, 2009. "Venture capital investments and patenting activity of high-tech start-ups: a micro-econometric firm-level analysis," Venture Capital, Taylor & Francis Journals, vol. 12(4), pages 307-326, November.
  11. Jeon, Euiju & Maula, Markku, 2022. "Progress toward understanding tensions in corporate venture capital: A systematic review," Journal of Business Venturing, Elsevier, vol. 37(4).
  12. Signori, Andrea & Vismara, Silvio, 2018. "M&A synergies and trends in IPOs," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 141-153.
  13. Mário A.P.M. Da Silva, 2018. "R&D Investments And Spillovers Under Endogenous Absorptive Capacity: Competitive R&D Cannot Take Full-Advantage Of Complementarity In Absorptive Capacity While Cooperative R&D Can," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 6(1), pages 16-24.
  14. Maria Chiara Di Guardo & Kathryn Rudie Harrigan & Elona Marku, 2019. "M&A and diversification strategies: what effect on quality of inventive activity?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 23(3), pages 669-692, September.
  15. Peng Huang & Marco Ceccagnoli & Chris Forman & D.J. Wu, 2009. "Participation in a Platform Ecosystem: Appropriability, Competition, and Access to the Installed Base," Working Papers 09-14, NET Institute, revised Sep 2009.
  16. Stephanie Lange & Marcus Wagner, 2021. "The influence of exploratory versus exploitative acquisitions on innovation output in the biotechnology industry," Small Business Economics, Springer, vol. 56(2), pages 659-680, February.
  17. Kudic, Muhamed & Pyka, Andreas & Sunder, Marco, 2013. "Network Formation: R&D Cooperation Propensity and Timing Among German Laser Source Manufacturers," IWH Discussion Papers 9/2013, Halle Institute for Economic Research (IWH).
  18. Gerard Ballot & Fathi Fakhfakh & Fabrice Gallia & Ammon Salter, 2011. "The Fateful Triangle Complementarities between product, process and organizational innovation in the UK and France," TEPP Working Paper 2011-05, TEPP.
  19. Marco Da Rin & María Fabiana Penas, 2017. "Venture capital and innovation strategies," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(5), pages 781-800.
  20. Chiara Franco & Manuela Gussoni, 2014. "The role of firm and national level factors in fostering R&D cooperation: a cross country comparison," The Journal of Technology Transfer, Springer, vol. 39(6), pages 945-976, December.
  21. Hohberger, Jan & Almeida, Paul & Parada, Pedro, 2015. "The direction of firm innovation: The contrasting roles of strategic alliances and individual scientific collaborations," Research Policy, Elsevier, vol. 44(8), pages 1473-1487.
  22. Fabio Bertoni & Diego D’Adda & Luca Grilli, 2016. "Cherry-picking or frog-kissing? A theoretical analysis of how investors select entrepreneurial ventures in thin venture capital markets," Small Business Economics, Springer, vol. 46(3), pages 391-405, March.
  23. Maria Chiara Di Guardo & Francesca Cabiddu, 2015. "E-service innovation: combining directed and practice-based approaches," The Service Industries Journal, Taylor & Francis Journals, vol. 35(1-2), pages 81-95, January.
  24. Jun Na & Yao Sun, 2016. "How do Multinationals Exploit Technologies in the Global Market?," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 13(03), pages 1-29, June.
  25. Massimo G. Colombo & Terttu Luukkonen & Philippe Mustar & Mike Wright, 2010. "Venture capital and high-tech start-ups," Venture Capital, Taylor & Francis Journals, vol. 12(4), pages 261-266, October.
  26. Partanen, Jukka & Kohtamäki, Marko & Patel, Pankaj C. & Parida, Vinit, 2020. "Supply chain ambidexterity and manufacturing SME performance: The moderating roles of network capability and strategic information flow," International Journal of Production Economics, Elsevier, vol. 221(C).
  27. Colombo, Massimo G. & D’Adda, Diego & Pirelli, Lorenzo H., 2016. "The participation of new technology-based firms in EU-funded R&D partnerships: The role of venture capital," Research Policy, Elsevier, vol. 45(2), pages 361-375.
  28. Acconcia Antonio & Beraldo Sergio & Capuano Carlo & Stimolo Marco, 2023. "Public Subsidies and Cooperation in Research and Development. Evidence from the LAB," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 23(3), pages 727-760, July.
  29. Anna Lejpras, 2014. "How innovative are spin-offs at later stages of development? Comparing innovativeness of established research spin-offs and otherwise created firms," Small Business Economics, Springer, vol. 43(2), pages 327-351, August.
  30. Thomas Bolli & Martin Woerter, 2013. "Competition and R&D cooperation with universities and competitors," The Journal of Technology Transfer, Springer, vol. 38(6), pages 768-787, December.
  31. Rin, Marco Da & Hellmann, Thomas & Puri, Manju, 2013. "A Survey of Venture Capital Research," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, volume 2, chapter 0, pages 573-648, Elsevier.
  32. Hiroyuki Okamuro & Kenta Ikeuchi, 2015. "Determinants of Business and Financial Network Formation by Japanese Start-up Firms: Does Founders’ Human Capital Matter?," Advances in Japanese Business and Economics, in: Tsutomu Watanabe & Iichiro Uesugi & Arito Ono (ed.), The Economics of Interfirm Networks, edition 127, chapter 7, pages 135-156, Springer.
  33. Garcia-Canal, Esteban & Valdes-Llaneza, Ana & Sanchez-Lorda, Pablo, 2008. "Technological flows and choice of joint ventures in technology alliances," Research Policy, Elsevier, vol. 37(1), pages 97-114, February.
  34. Grilli, Luca & Marzano, Riccardo, 2023. "Bridges over troubled water: Incubators and start-ups’ alliances," Technovation, Elsevier, vol. 121(C).
  35. Dina Cunha & Sandra T. Silva & Aurora A.C. Teixeira, 2013. "Are Academic Spin-Offs necessarily New Technology-Based firms?," FEP Working Papers 482, Universidade do Porto, Faculdade de Economia do Porto.
  36. Hohberger, Jan & Kruger, Heidi & Almeida, Paul, 2020. "Does separation hurt? The impact of premature termination of R&D alliances on knowledge acquisition and innovation," Research Policy, Elsevier, vol. 49(6).
  37. Colombelli, Alessandra & Grilli, Luca & Minola, Tommaso & Mrkajic, Boris, 2020. "To what extent do young innovative companies take advantage of policy support to enact innovation appropriation mechanisms?," Research Policy, Elsevier, vol. 49(10).
  38. Manuela Gussoni, 2009. "The determinants of inter-firms R&D cooperation and partner selection. A literature overview," Discussion Papers 2009/86, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
  39. Grilli, Luca & Murtinu, Samuele, 2018. "Selective subsidies, entrepreneurial founders' human capital, and access to R&D alliances," Research Policy, Elsevier, vol. 47(10), pages 1945-1963.
  40. Jing Zhang & Charles Baden‐Fuller, 2010. "The Influence of Technological Knowledge Base and Organizational Structure on Technology Collaboration," Journal of Management Studies, Wiley Blackwell, vol. 47(4), pages 679-704, June.
  41. Jennifer H. Chen & Shihmin Lo & Show-Ling Jang & Chi-Cho Huang, 2012. "Strategic partnership and its effect on external learning of technology descendants," Scientometrics, Springer;Akadémiai Kiadó, vol. 92(1), pages 157-179, July.
  42. Barrett, Gillian & Tsekouras, George, 2022. "A tango with a gorilla: An exploration of the microfoundations of open innovation partnerships between young innovative companies and multi-national enterprises," Technovation, Elsevier, vol. 117(C).
  43. Rosa M. Yagüe-Perales & Pau Perez-Ledo & Isidre March-Chordà, 2019. "Keys to success in investment rounds by immigrant entrepreneurs in Silicon Valley," International Entrepreneurship and Management Journal, Springer, vol. 15(4), pages 1153-1177, December.
  44. Hassan K. Almahdi, 2019. "The Effects of Alliance Strategies on the Cost Efficiency of Saudi Commercial Banks," Business and Economic Research, Macrothink Institute, vol. 9(1), pages 84-105, March.
  45. Masatoshi Kato, 2016. "Internal R&D and External Knowledge Acquisition of Start-up Firms: Exploring the Role of Entrepreneurial Human Capital," Discussion Paper Series 145, School of Economics, Kwansei Gakuin University, revised Jul 2016.
  46. Hagedoorn, John & Wang, Ning, 2012. "Is there complementarity or substitutability between internal and external R&D strategies?," Research Policy, Elsevier, vol. 41(6), pages 1072-1083.
  47. Carolin Decker & Annika Baade, 2016. "Consumer perceptions of co-branding alliances: Organizational dissimilarity signals and brand fit," Journal of Brand Management, Palgrave Macmillan, vol. 23(6), pages 648-665, November.
  48. Grimpe, Christoph & Hussinger, Katrin, 2008. "Building and Blocking: The Two Faces of Technology Acquisition," ZEW Discussion Papers 08-042, ZEW - Leibniz Centre for European Economic Research.
  49. Bertoni, Fabio & Tykvová, Tereza, 2012. "Which form of venture capital is most supportive of innovation?," ZEW Discussion Papers 12-018, ZEW - Leibniz Centre for European Economic Research.
  50. Peng Huang & Marco Ceccagnoli & Chris Forman & D. J. Wu, 2013. "Appropriability Mechanisms and the Platform Partnership Decision: Evidence from Enterprise Software," Management Science, INFORMS, vol. 59(1), pages 102-121, July.
  51. Broekhuizen, Thijs L.J. & Lampel, Joseph & Rietveld, Joost, 2013. "New horizons or a strategic mirage? Artist-led-distribution versus alliance strategy in the video game industry," Research Policy, Elsevier, vol. 42(4), pages 954-964.
  52. Moreira, Solon & Klueter, Thomas Maximilian & Asija, Aman, 2023. "Market for technology 2.0? Reassessing the role of complementary assets on licensing decisions," Research Policy, Elsevier, vol. 52(7).
  53. Suchard, Jo-Ann & Humphery-Jenner, Mark & Cao, Xiaping, 2021. "Government ownership and Venture Capital in China," Journal of Banking & Finance, Elsevier, vol. 129(C).
  54. Massimo G. Colombo & Luca Grilli & Cinzia Verga, 2007. "High-tech Start-up Access to Public Funds and Venture Capital: Evidence from Italy," International Review of Applied Economics, Taylor & Francis Journals, vol. 21(3), pages 381-402.
  55. Kirsten Burkhardt, 2011. "Le rôle des sociétés de capital-risque dans la formation d’alliances stratégiques:Une synthèse de littérature - The Role of Venture Capitalists in the Formation of Strategic Alliances:An academic lite," Working Papers CREGO 1111102, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
  56. Marco Da Rin & María Fabiana Penas, 2007. "The Effect of Venture Capital on Innovation Strategies," NBER Working Papers 13636, National Bureau of Economic Research, Inc.
  57. Thorsten Semrau & Arndt Werner, 2014. "How Exactly Do Network Relationships Pay Off? The Effects of Network Size and Relationship Quality on Access to Start–Up Resources," Entrepreneurship Theory and Practice, , vol. 38(3), pages 501-525, May.
  58. Bianchi, Mattia & Murtinu, Samuele & Scalera, Vittoria G., 2019. "R&D Subsidies as Dual Signals in Technological Collaborations," Research Policy, Elsevier, vol. 48(9), pages 1-1.
  59. Stephane Lhuillery & Julio Raffo & Intan Hamdan-Livramento, 2016. "Measuring creativity: Learning from innovation measurement," WIPO Economic Research Working Papers 31, World Intellectual Property Organization - Economics and Statistics Division.
  60. Colombo, Massimo G. & Grilli, Luca & Murtinu, Samuele, 2011. "R&D subsidies and the performance of high-tech start-ups," Economics Letters, Elsevier, vol. 112(1), pages 97-99, July.
  61. Hussinger, Katrin & Grimpe, Christoph, 2007. "Firm Acquisitions and Technology Strategy: Corporate versus Private Equity Investors," ZEW Discussion Papers 07-066, ZEW - Leibniz Centre for European Economic Research.
  62. Colombo, Massimo G. & Piva, Evila, 2012. "Firms’ genetic characteristics and competence-enlarging strategies: A comparison between academic and non-academic high-tech start-ups," Research Policy, Elsevier, vol. 41(1), pages 79-92.
  63. Okamuro, Hiroyuki & Kato, Masatoshi & Honjo, Yuji, 2011. "Determinants of R&D cooperation in Japanese start-ups," Research Policy, Elsevier, vol. 40(5), pages 728-738, June.
  64. Fabio Bertoni & Massimo G. Colombo & Annalisa Croce, 2010. "The Effect of Venture Capital Financing on the Sensitivity to Cash Flow of Firm's Investments," European Financial Management, European Financial Management Association, vol. 16(4), pages 528-551, September.
  65. Taimin Li & Afzal Izzaz Zahari & Soliha Sanusi, 2023. "The Sustainability of Technological Innovation in China: From the Perspective of Network Relationships," Sustainability, MDPI, vol. 15(5), pages 1-26, February.
  66. Qin Yang, 2018. "Geographical Diversity of Alliance Portfolio and Firm Innovation: The Roles of Resource Characteristics and Governance Structures," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 15(06), pages 1-22, December.
  67. Min, Jae-Woong & Kim, YoungJun & Vonortas, Nicholas S., 2020. "Public technology transfer, commercialization and business growth," European Economic Review, Elsevier, vol. 124(C).
  68. McCarthy, Killian J & Aalbers, Hendrik Leendert, 2022. "Alliance-to-acquisition transitions: The technological performance implications of acquiring one's alliance partners," Research Policy, Elsevier, vol. 51(6).
  69. James Foreman-Peck & Tom Nicholls, 2013. "SME takeovers as a contributor to regional productivity gaps," Small Business Economics, Springer, vol. 41(2), pages 359-378, August.
  70. Massimo Colombo & Liliana Doganova & Evila Piva & Diego D’Adda & Philippe Mustar, 2015. "Hybrid alliances and radical innovation: the performance implications of integrating exploration and exploitation," The Journal of Technology Transfer, Springer, vol. 40(4), pages 696-722, August.
  71. Kavusan, K., 2015. "Essays on capability development through alliances," Other publications TiSEM 8eb736a5-b217-4718-ac13-d, Tilburg University, School of Economics and Management.
  72. Karen Ruckman & Ian McCarthy, 2017. "Why do some patents get licensed while others do not?," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(4), pages 667-688.
  73. Albert Jolink & Eva Niesten, 2016. "The impact of venture capital on governance decisions in collaborations with start-ups," Small Business Economics, Springer, vol. 47(2), pages 331-344, August.
  74. Nerine Mary George & Sergey Anokhin & Vinit Parida & Joakim Wincent, 2015. "Technological advancement through imitation by industry incumbents in strategic alliances," Chapters, in: Charlie Karlsson & Urban Gråsjö & Sofia Wixe (ed.), Innovation and Entrepreneurship in the Global Economy, chapter 3, pages 65-88, Edward Elgar Publishing.
  75. Niron Hashai & Sarit Markovich, 2017. "Market Entry by High Technology Startups: The Effect of Competition Level and Startup Innovativeness," Strategy Science, INFORMS, vol. 2(3), pages 141-160, September.
  76. Evila Piva & Cristina Rossi-Lamastra & Alfredo De Massis, 2013. "Family firms and internationalization: An exploratory study on high-tech entrepreneurial ventures," Journal of International Entrepreneurship, Springer, vol. 11(2), pages 108-129, June.
  77. Ennen, Edgar & Richter, Ansgar, 2009. "The Whole Is More Than the Sum of Its Parts - Or Is It? A Review of the Empirical Literature on Complementarities in Organizations," MPRA Paper 15666, University Library of Munich, Germany.
  78. Masatoshi Kato, 2017. "Founders’ human capital and external knowledge sourcing: An absorptive capacity perspective for innovative start-ups," Discussion Paper Series 162, School of Economics, Kwansei Gakuin University, revised Jun 2017.
  79. Julia K. De Groote & Julia Backmann, 2019. "Initiating Open Innovation Collaborations Between Incumbents And Startups: How Can David And Goliath Get Along?," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 24(02), pages 1-33, January.
  80. Masatoshi Kato & Yuji Honjo, 2020. "CEO Succession and New-Firm Performance: Does Successor Origin Matter?," Discussion Paper Series 213, School of Economics, Kwansei Gakuin University.
  81. Andreas Reinstaller & Elisabeth Christen & Klaus S. Friesenbichler & Jürgen Janger & Gerhard Schwarz & Fabian Unterlass, 2014. "WIFO-Unternehmensbefragung: Strategische Zusammenarbeit zwischen jungen Technologieunternehmen und Großunternehmen," WIFO Studies, WIFO, number 59353, February.
  82. Vasconcelos Gomes, Leonardo Augusto de & Salerno, Mario Sergio & Phaal, Robert & Probert, David R., 2018. "How entrepreneurs manage collective uncertainties in innovation ecosystems," Technological Forecasting and Social Change, Elsevier, vol. 128(C), pages 164-185.
  83. repec:thr:techub:1003:y:2020:i:1:p:94-111 is not listed on IDEAS
  84. Evila Piva & Cristina Rossi-Lamastra, 2018. "Human capital signals and entrepreneurs’ success in equity crowdfunding," Small Business Economics, Springer, vol. 51(3), pages 667-686, October.
  85. Susan K. Cohen & Sean T. Hsu & Kristina B. Dahlin, 2016. "With Whom Do Technology Sponsors Partner During Technology Battles? Social Networking Strategies for Unproven (and Proven) Technologies," Organization Science, INFORMS, vol. 27(4), pages 846-872, August.
  86. Russo, Angeloantonio & Vurro, Clodia & Nag, Rajiv, 2019. "To have or to be? The interplay between knowledge structure and market identity in knowledge-based alliance formation," Research Policy, Elsevier, vol. 48(3), pages 571-583.
  87. Hasan Boudlaie, 2020. "Studying the content characteristics of New Technology-Based Firms," Technium Social Sciences Journal, Technium Science, vol. 3(1), pages 94-111, February.
  88. Claudia Cantabene & Iacopo Grassi, 2020. "R&D cooperation in SMEs: the direct effect and the moderating role of human capital," Applied Economics, Taylor & Francis Journals, vol. 52(28), pages 3090-3105, June.
  89. Hussinger, Katrin & Grimpe, Christoph, 2008. "Market and Technology Access Through Firm Acquisitions: Beyond One Size Fits All," ZEW Discussion Papers 08-037, ZEW - Leibniz Centre for European Economic Research.
  90. Kyounghun Lee & Frederick Dongchuhl Oh & Donglim Shin & Heejin Yoon, 2023. "Does venture capital investment enhance corporate innovation? Evidence from Korea," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 50(1-2), pages 236-266, January.
  91. Gimenez-Fernandez, Elena M. & Sandulli, Francesco D. & Bogers, Marcel, 2020. "Unpacking liabilities of newness and smallness in innovative start-ups: Investigating the differences in innovation performance between new and older small firms," Research Policy, Elsevier, vol. 49(10).
  92. Serdal Ozusaglam & Stéphane Robin & Chee Yew Wong, 2018. "Early and late adopters of ISO 14001-type standards: revisiting the role of firm characteristics and capabilities," The Journal of Technology Transfer, Springer, vol. 43(5), pages 1318-1345, October.
  93. Fangqing Wei & Yi Yang & Yao Chen & Feng Yang, 2022. "The effects of venture capital investments on industrial innovative opportunities and technological arbitrage opportunities," Small Business Economics, Springer, vol. 58(4), pages 2261-2280, April.
  94. Massimo G. Colombo & Evila Piva, 2019. "Knowledge misappropriation risks and contractual complexity in entrepreneurial ventures’ non-equity alliances," Small Business Economics, Springer, vol. 53(1), pages 107-127, June.
  95. Schmiedeberg, Claudia, 2008. "Complementarities of innovation activities: An empirical analysis of the German manufacturing sector," Research Policy, Elsevier, vol. 37(9), pages 1492-1503, October.
  96. Masatoshi Kato & Koichiro Onishi & Yuji Honjo, 2022. "Does patenting always help new firm survival? Understanding heterogeneity among exit routes," Small Business Economics, Springer, vol. 59(2), pages 449-475, August.
  97. Luukkonen, Terttu & Deschryvere, Matthias & Bertoni, Fabio & Nikulainen, Tuomo, 2011. "Importance of the Non-financial Value Added of Government and Independent Venture Capitalists," Discussion Papers 1257, The Research Institute of the Finnish Economy.
  98. Anita Quas & Jose Martí & Carmelo Reverte, 2021. "What money cannot buy: a new approach to measure venture capital ability to add non-financial resources," Small Business Economics, Springer, vol. 57(3), pages 1361-1382, October.
  99. Kavusan, Korcan & Noorderhaven, Niels G. & Duysters, Geert M., 2016. "Knowledge acquisition and complementary specialization in alliances: The impact of technological overlap and alliance experience," Research Policy, Elsevier, vol. 45(10), pages 2153-2165.
  100. Martin P. Allmendinger & Elisabeth S. C. Berger, 2019. "Selecting Corporate Firms For Collaborative Innovation: Entrepreneurial Decision Making In Asymmetric Partnerships," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 24(01), pages 1-34, January.
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