The Formation of High-Tech University Spinouts: The Role of Joint Ventures and Venture Capital Investors

We explore the joint venture route to commercializing university owned intellectual property. We present comparisons between two spinouts formed as joint ventures between universities and industrial partners and two spinouts where this was not the case. The research employs a resource-based framework, with new high tech spinout firms (or firms in gestation) facing severe resource and capability constraints. We show that spinouts typically lack the financial means and managerial expertise to acquire the resources and develop the capabilities they need in order to fully exploit the commercial potential of their technologies. We argue that creating a spinout company as a joint venture with an industrial partner, may be a means of overcoming some of the potential problems associated with managing resource weaknesses and inadequate capabilities that may be difficult to achieve as a free-standing spin-out company with or without venture capital backing.     

Medicoritual trephinations in modern Israel.

Two recent cases of ritual trephinations that were revealed during regular autopsies are described. The osteologic findings are discussed in relation to hospital craniotomy and ancient trephination, and the forensic practitioner is offered a set of criteria to differentiate properly between trephination and craniotomy.     

Serious tax fraud and noncompliance

Research Summary This article reviews what international evidence exists on the impact of civil and criminal sanctions upon serious tax noncompliance by individuals. This construct lacks sharp definitional boundaries but includes large tax fraud and large-scale evasion that are not dealt with as fraud. Although substantial research and theory have been developed on general tax evasion and compliance, their conclusions might not apply to large-scale intentional fraudsters. No scientifically defensible studies directly compared civil and criminal sanctions for tax fraud, although one U.S. study reported that significantly enhanced criminal sanctions have more effects than enhanced audit levels. Prosecution is public, whereas administrative penalties are confidential, and this fact encourages those caught to pay heavy penalties to avoid publicity, a criminal record, and imprisonment. Policy Implications Although it has yet to be proven that prosecution has a greater or lesser impact on these offenders, increased prosecution might be justified for purposes of moral retribution as well as perceived social fairness.     

Power to the parishes ‐ a (missed) opportunity

Parish and town councils form the lowest tier of local government in England, but have been left out of government proposals for a new duty for local authorities. The proposed new duty will give local authorities wide‐ranging power to promote economic and social well‐being. Unlike principal authorities, it is likely that these grass‐roots councils will have to rely on their power under s.137 to spend on activities outside their specific powers. This article reviews the findings of a recent national survey which was designed to assess the extent to which parishes are constrained by current s.137 arranagements.     

An overview of institutions for juvenile offenders in the Netherlands and their place within the Dutch system of justice

Abstract: This paper provides the reader with a concise overview of juvenile correctional institutions in The Netherlands. These institutions are operated by either state‐ or private‐sector entities as detention centers (providing temporary custody) or remedial centers (when extended treatment is needed). The Netherlands is in the midst of significant changes in its population makeup which have had a corresponding effect on the nature of juvenile institutionalization. Specialized treatment programs and facilities will be explored in this paper. An overview of Dutch juvenile law, police, courts, and delinquency forms the background against which the reader learns about juvenile institutionalization in The Netherlands.