Industrial competence is increasingly dispersed across the globe, urging technology-based firms in Europe to establish international knowledge relationships, sometimes even at larger distances. This paper examines patterns of international knowledge relationships and the influence of capability factors of university spin-off firms on building such relationships and changes herein, using a sampl...

Purpose The promotion of research-based entrepreneurship is considered a crucial task for universities and policymakers in many Western countries. Research has shown that the university environment plays decisive role spin-off activities researchers. Although number science-based spin-offs increased recent years, women are still an exception when it comes to developing ventures. In turn, there ...

Recent research has documented empirical evidence of informed trading ahead of major corporate events such as earnings announcements, mergers and acquisitions (M&A) and corporate bankruptcies. Surprisingly, however, no such evidence exists ahead of corporate divestiture or spinoff (SP) announcements. This is noteworthy because the parent company’s stock usually experiences a significant price j...

Roni Michaely is Assistant Professor of Finance at the Johnson Graduate School of Management, Cornell University, Ithaca, NY. Wayne H. Shaw is Professor of Accounting at the University of Colorado at Boulder, Boulder, CO. This study analyzes how firms choose between a spin-off and an equity carve-out as a way to divest assets. Using a sample of 91 master limited partnerships that were issued to...

The development of Doppler Global Velocimetry as a flow diagnostic measurement sy s t em nece s s i t a t ed seve ra l innova t i ons to so l ve problems found during wind tunnel testing. These innovations ranged from ratioing a data image with a reference image to remove scattered light variations, dewarping the images to remove optical distortions, and to the use of virtual wind tunnels creat...

Growth is a problematic issue for SME. It consumes resources and, since resources are structurally limited in SME, development strategies often generate real dilemmas (Martinet, 1981). Leverage strategies are frequently applied in an attempt to get around the problem. Nevertheless, such approaches to growth upset the proxemic management processes characteristic of SME (Torres, 2000), notably in...

We present results from a recently completed project to calculate next-to-leading logarithmic resummed distributions for a variety of event shapes in the 1+1-jet limit of DIS. This allows fits for the strong coupling and for non-perturbative effects using the large amount of data on these observables from HERA. Spin-offs include the discovery of a new class of logs for certain final state obser...