Do graduated university incubator firms benefit from their relationship with university incubators?

Business incubators have become a popular policy option and economic development intervention tool. However, recent research shows that incubated firms may not benefit significantly from their incubator relationships, and may even be more vulnerable to failure post departure (graduation) from an incubator. These findings suggest that the impact of business incubation on new venture viability may be contingent on the type of support offered by an incubator and attributes of business environments within which incubation services are provided. Incubation services that protect and isolate ventures from key resource dependencies may hinder venture development and increase subsequent vulnerability to environmental demands. Alternatively, incubation services that help ventures connect and align with key resource dependencies are likely to promote firm survival. We propose that incubators vary in the services and resources they offer, and that university incubators typically provide greater connectivity and legitimacy with respect to important contingencies associated with key industry and community stakeholders. This leads us to propose that university affiliation is an important contingency that affects the relationship between firms’ participation in incubators and their subsequent performance. The purpose of this study is to evaluate this contingency by examining whether firms graduating from university incubators attain higher levels of post-incubation performance than firms participating in non-university affiliated incubators. We test this by evaluating the performance of a sample of graduated firms associated with the population of university-based incubators in the US contrasted against the performance of a matched cohort of non-incubated firms. The analysis uses an enhanced dataset that tracks the number of employees, sales, and the entry and graduation (departure) points of incubated firms from a university incubation program, so as to delineate the scope of influence of the incubator.     

Does strong patent protection facilitate international technology transfer? Some evidence from licensing contracts of Japanese firms

This paper examines how patent protection in a technology recipient country affects international technology transfer. A theory suggests that the effect of stronger patent protection on technology transfer is negative if the binding constraint is the imitation profitability and positive if it is the incentive for the licensor to undertake technology transfer. We evaluate these implications by examining the variations of the structure of licensing contracts across countries, based on a newly collected database of licensing contracts by Japanese firms. Our major findings are the following. First, the incidence of know-how licensing, either in the pure or in the bundled form, relative to that of pure patent licensing, declines significantly with the level of foreign patent protection. This indicates a limited role of patents for facilitating know-how licensing. Secondly, the probability and the strength of ownership control by a licensor declines with the level of patent protection, indicating a positive effect of stronger patent protection in expanding the scope of the recipients of technology transfer.

Share repurchase regulations: Do firms play by the rules?

Open market share repurchases are strictly regulated to prevent managers from taking advantage of selling shareholders. We examine compliance with these rules in France, where the mandatory disclosure of share repurchases provides detailed information on repurchases actually undertaken. Using a database containing 36,848 repurchases made by 352 French firms over the period 2000–2002, we show that very few firms fully comply with the regulations for all their buybacks. We document that illegal repurchases before earnings announcements are the most detrimental to selling shareholders.     

Do growth-promoting factors induce income inequality in a transitioning large developing economy? An empirical evidence from Indian states

Economic Change and Restructuring - We examine the role of the enforcement of property rights, human capital formation, and the efficiency of various components of state governments'...     

Financial constraints to investing in intangibles: Do innovative and non-innovative firms differ?

The Journal of Technology Transfer - This paper investigates the extent to which financial constraints on investments in intangible activities differ with respect to the kind of intangible and to...     

Do privacy laws affect the location decisions of internet firms? Evidence for privacy havens

This paper empirically studies the location decisions of internet firms when they face high legal standards of privacy protection. Many factors might influence them: technological spillovers, lower taxation, and so on. Internet firms can also arbitrate national differences and many of them actually locate their activity in order to escape from national laws they consider over-stringent. In the current stage of development of the internet—the so-called Web 2.0—the ease of access to personal data proved to be strategic input. So the more a jurisdiction makes collecting and using these data easy, the more attractive the country is, if all other things remain constant. One way for a firm to avoid such legal restrictions is to locate or to expand its business in less privacy protective countries. Our empirical results support this ‘no-privacy haven’ hypothesis. In particular, we highlight a new privacy paradox according to which the more stringent certain online privacy laws are, the more they induce firms to locate their business in less stringent countries, and finally the weaker actual privacy protection on the internet is.     

Does green finance improve energy efficiency? New evidence from developing and developed economies

Economic Change and Restructuring - The ground-breaking research on the electricity sector and its effects on energy efficiency (EE) in advanced and emerging economies are crucial in developing a...     

Do Crime Hot Spots Exist in Developing Countries? Evidence from India

Objectives

To determine whether concentrations of crime documented in American cities such as Boston, Jacksonville, Minneapolis, Sacramento, and Seattle generalize to unique environments such as India.

Methods

Two years of motor vehicle theft (MVT) and burglary incidents from two police stations in Jaipur, India are analyzed. The degree to which crime clusters is documented using nearest neighborhood hierarchical clustering (NNHC). These results are compared to several widely cited studies documenting concentrations in the United States.

Results

The NNHC procedure identified five MVT hot spots, which accounted for just .09 % of the two station’s land, but over 13 % of these incidents, and four burglary hot spots, which accounted for less than 1 % of its land, but nearly 23 % of the incidents.

Conclusions

Given the stark differences in the built environment and sociological makeup of Jaipur, a better understanding of the forces that cause crime to concentrate to a high degree needs to be discerned before implementing law-enforcement driven policies derived from the scholarship of American cities. Additional research should also seek to replicate not just the degree to which crime clusters in these unique environments, but also its stability over time and micro place variation.

     

Do parents blame or doubt their child more when sexually abused by adolescents versus adults?

Although the importance of parental support for child sexual abuse victims is well documented, the nature of parental support for victims sexually abused by adolescents is less understood. In this exploratory study, we examine whether parents differ in their levels of blame or doubt for their child when sexually abused by adolescents versus adults. Data included 161 reports of child sexual abuse. Parental blame toward their child was higher when sexually abused by an adolescent versus an adult suspect. In the bivariate and multivariate analysis, parental blame was significantly higher as victim age increased, for Black, non-Hispanic children, and when there was an adolescent suspect. Practitioners need to recognize that high levels of blame and doubt could exist for adolescent victims of sexual abuse and when children are sexually abused by adolescents.     

How are companies paying for university research licenses? Empirical evidence from university-firm technology transfer

The Journal of Technology Transfer - The knowledge economy has put the triple helix cooperation at the heart of economic growth. In this current paradigm, innovation is vital to firm survival, and...     

Does foreign investment enhance domestic manufacturing firms’ labour productivity? Evidence from a quantile regression approach

Economic Change and Restructuring - We provide new insights into the relationship between foreign investment and the labour productivity of domestic firms in the Vietnamese manufacturing industry....     

Do company-owned academic patents influence firm performance? Evidence from the Italian industry

The Journal of Technology Transfer - We document that firms holding academic patents in their portfolios perform better in terms of market power since they benefit from academic knowledge...     

Do Ideological Preferences Explain Parliamentary Behaviour? Evidence from Great Britain and Canada

Are parliamentary parties cohesive because leaders successfully impose discipline on their MPs or because MPs prefer - hence support - the same policies as their leaders do? If the latter is correct, and party cohesion is produced largely by members' concordant preferences, then models that explain cohesion as a function of the disciplinary mechanisms available to parties once the MP is in Parliament (for example, the distribution of patronage or the threat of de-selection) are not useful. This article uses British and Canadian MPs' responses to candidate surveys to estimate MPs' positions on a variety of ideological dimensions and then shows that MPs' preferences on these ideological dimensions only partially explain how often they vote against their parties. Indeed, even after one controls for an MP's ideological preferences, party affiliation remains a powerful predictor of the MP's loyalty or dissent - suggesting that party discipline does, in fact, contribute to cohesion. Additional tests indicate that these results are not spurious.     

When Do Low Roll Rates Indicate Party Influence? Evidence from Counterfactual Roll Rates

A simulation-based counterfactual is one way to solve the observational equivalence challenge that seemingly “partisan” majority-party roll rates can be observed in the absence of any actual party influence. We simulate no-partisan-agenda-control counterfactual roll rates and apply them across sessions of the US House of Representatives and 86 state legislative chambers to evaluate the extent to which observed roll rates provide evidence for party influence on the legislative agenda. After assessing and controlling for the baseline risk of majority-party rolls, there is significant evidence of party influence on roll rates in some state legislatures, particularly those with rules that grant parties more agenda power, and in the post-Reed’s-rules House of Representatives. Institutional rules interact with the (simulated) risk of a majority roll to shape observed roll rates across chambers and across time.     

Do Campaign Donors Influence Polarization? Evidence from Public Financing in the American States

Does the source of campaign funds influence legislative polarization? We develop competing theoretical expectations regarding the effects of publicly financed elections on legislative voting behavior. To test these expectations, we leverage a natural experiment in the New Jersey Assembly in which public financing was made available to a subset of members. We find that public financing exerts substantively negligible effects on roll‐call voting. We then find a similar result in an examination of state legislatures. We conclude that, counter to the logic of the US Supreme Court, pundits, and reformers, the source of campaign funds exerts minimal influence on polarization.