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"The authors synthesize the existing interdisciplinary quantitative evidence on organizational design and provide a new empirical framework to extend our understanding of the determinants of organizational design, its evolution and a firm's performance."--Jacket

This book offers a distinctive analysis of the relations and interplay between the internal activities of firms, their changing boundaries, and increasing reliance on networks and alliances with other firms.The contributors offer a blend of theoretical and empirical studies; they are based on a set of related perspectives in modern economics, including transaction cost economics, competence and resource-based theories of the firm, evolutionary economics and the theories of foreign direct investments and the multinational enterprise. The unifying concern shared by the different studies is the n

'The volume provides provocative new insights into the dynamic relationship between two of the most strategic priorities for 21st century firms: technological innovation and M&As. It does so by bringing together in a novel way the literature on these two different areas of firm activity and by adding economic theory and advanced empirical methods (both qualitative and quantitative) to the management literature on the subject. The analysis proves remarkably fruitful, finally creating less uncertainty and inconclusiveness around the empirics of post M&A performance. By developing a broad set of

Abstract

Founders' human capital and venture capital (VC) are two fundamental ingredients for new venture success in high‐tech sectors. We jointly investigate their influence on the growth performance of a large sample of Italian high‐tech start‐ups and find:



the importance of both components;


some characteristics of founders' human capital also exert an indirect rather than a direct effect on growth by attracting VC;


the 'coach' function performed by Italian venture capitalists on invested companies is important;


a substitution rather than a complementary relationship exists between these two drivers of firm growth.

Copyright © 2009 John Wiley & Sons, Ltd.

This timely book brings together cutting-edge research on the important subject of science and innovation policies. The contributors--distinguished social science scholars--tackle the key challenges of designing and implementing public policies in the context of the new knowledge economy

AbstractWe study the delegation of authority over strategic decisions in startups and how it relates to venture capital (VC) investment through a mixed-methods study. We first show that startups typically centralize decision authority. The extent of delegation is higher if startups are VC-backed. In startups backed by corporate VC investors the aim is to leverage the unique knowledge possessed by entrepreneurial team members in a context characterized by low principal-principal agency costs. In those backed by independent VC investors, the increase in delegation is paired with the emergence of a polyarchy and decoupling between the formal and real organizations. In this situation delegation may serve as a control mechanism aligning the actions of startups with the interests of the VC investors.