Publications
105 results found
Sapienza HJ, Autio E, George G, et al., 2006, A capabilities perspective on the effects of early internationalization on firm survival and growth, ACADEMY OF MANAGEMENT REVIEW, Vol: 31, Pages: 914-933, ISSN: 0363-7425
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- Citations: 866
Autio E, 2006, She who must be obeyed [7], Economist, Vol: 380, ISSN: 0013-0613
Arenius P, Autio E, 2006, Financing of small businesses: Are Mars and Venus more alike than different?, Venture Capital, Vol: 8, Pages: 93-107, ISSN: 1369-1066
The purpose of our study is to contribute to an improved understanding of how women business owners finance their businesses and whether usage of financing and bank shopping patterns vary by gender. Our findings reveal more similarities than differences between women and men business owners in business financing. The only difference we find is that women-owned businesses had been more likely to have obtained financing from relatives than men-owned businesses. Among the women business owners we find that home-based businesses appear to use less financial services than businesses located outside the home.
Maula MVJ, Autio E, Murray G, 2006, HOW CORPORATE VENTURE CAPITALISTS ADD VALUE TO ENTREPRENEURIAL YOUNG FIRMS, ENTREPRENEURSHIP: FRAMEWORKS AND EMPIRICAL INVESTIGATIONS FROM FORTHCOMING LEADERS OF EUROPEAN RESEARCH, Vol: 9, Pages: 267-309, ISSN: 1074-7540
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- Citations: 5
Maula M, Autio E, Arenius P, 2005, What drives micro-angel investments?, SMALL BUSINESS ECONOMICS, Vol: 25, Pages: 459-475, ISSN: 0921-898X
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- Citations: 76
Wong PX, Ho YP, Autio E, 2005, Entrepreneurship, innovation and economic growth: Evidence from GEM data, SMALL BUSINESS ECONOMICS, Vol: 24, Pages: 335-350, ISSN: 0921-898X
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- Citations: 738
Reynolds P, Bosma N, Autio E, et al., 2005, Global Entrepreneurship Monitor: Data collection design and implementation 1998-2003, SMALL BUSINESS ECONOMICS, Vol: 24, Pages: 205-231, ISSN: 0921-898X
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- Citations: 956
Reynolds P, Bosma N, Autio E, et al., 2005, Global Entrepreneurship Monitor: Data Collection Design and Implementation 1998–2003, Small Business Economics, Vol: 24, Pages: 205-231
Maula M, Autio E, Murray G, 2005, Corporate venture capitalists and independent venture capitalists: What do they know, who do they know and should entrepreneurs care?, Venture Capital, Vol: 7, Pages: 3-21, ISSN: 1369-1066
There is an established body of research that has examined the value-added provided by venture capitalists for their portfolio companies. More recent work has started to look at the comparable activities of corporate venture capitalists. However, to date, the value-added provided by these two types of investors for their portfolio companies has not been compared systematically. This study undertakes such an evaluation by comparing the social capital-based and knowledge-based forms of value-added provided by independent and corporate venture capitalists to their portfolio firms. Primary data from US technology-based new firms that had received both corporate venture capital and independent venture capital funding is analysed. This study demonstrates that the value-adding contributions of corporate venture capital and independent venture capital investors are different both in their origins and in their consequences. Independent VCs add value in helping raise additional finance, recruiting key employees and professionalizing the organization-early-stage establishment activities we term 'enterprise nurturing'. Corporate venture capitalists are superior in helping the young firm build commercial credibility and capacity, and in providing technological support-growth-focused activities termed 'commerce building'. Importantly, the two forms of value-added appear complementary. It is concluded that it is in the interests of both portfolio companies and their investors that both sources of advice and support are available.
Laamanen T, Autio E, 2005, Dynamic complementarities and technology acquisition, Resources, Technology and Strategy, Pages: 149-170, ISBN: 9780203982259
In the resource-based view, the firm grows because it possesses distinctive, costly-to-copy resources (Barney 1991) that open ‘productive opportunities’ (Penrose 1959) for it to exploit. As the firm ‘sees’ and entrepreneurially exploits these opportunities, new business areas are opened, and the firm needs to undergo an administrative reorganisation to manage efficiently the new businesses created. In the resource-based view, the firm thus constitutes a ‘coherent administrative framework’ (Ghoshal et al. 1997) that manages internal and external resources or competencies for growth.
Autio E, 2005, Creative tension: the significance of Ben Oviatt's and Patricia McDougall's article 'toward a theory of international new ventures', JOURNAL OF INTERNATIONAL BUSINESS STUDIES, Vol: 36, Pages: 9-19, ISSN: 0047-2506
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- Citations: 261
Robertson PL, Keil T, Autio E, 2005, Technological sourcing in small and medium-sized Australian manufacturing firms, Conference on Sustaining Growth and Performance in East Asia, Publisher: EDWARD ELGAR PUBLISHING LTD, Pages: 253-276
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- Citations: 1
Maula M, Autio E, Murray G, 2005, CORPORATE VENTURE CAPITALISTS AND INDEPENDENT VENTURE CAPITALISTS: WHAT DO THEY KNOW, WHO DO THEY KNOW, AND SHOULD ENTREPRENEURS CARE?, CORPORATE ENTREPRENEURSHIP AND VENTURING, Editors: Elfring, Publisher: SPRINGER, Pages: 101-126
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- Citations: 7
Autio E, Sapienza HJ, Arenius P, 2005, INTERNATIONAL SOCIAL CAPITAL, TECHNOLOGY SHARING, AND FOREIGN MARKET LEARNING IN INTERNATIONALIZING ENTREPRENEURIAL FIRMS, INTERNATIONAL ENTREPRENEURSHIP, Vol: 8, Pages: 9-42, ISSN: 1074-7540
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- Citations: 21
Meyer M, Autio E, 2004, Academic inventiveness and entrepreneurship: Is there a relationship between science and technology fields and the utilization of academic inventions in start-up companies?, IEEE International Engineering Management Conference, Vol: 2, Pages: 669-673
There is a rich research literature developing on academic entrepreneurship. One of the areas not specifically covered is the extent to which academic entrepreneurship is a phenomenon that occurs in certain science fields rather than in others. We explore this issue drawing on data from a study of academic inventors and their patents. We find that academic start-up companies differ in importance from field to field. They play a stronger role in life and natural sciences than in engineering and materials. However, large firms remain the most important users of academic inventions in any of the science domains we studied. © 2004 IEEE.
Sapienza HJ, Parhankangas A, Autio E, 2004, Knowledge relatedness and post-spin-off growth, JOURNAL OF BUSINESS VENTURING, Vol: 19, Pages: 809-829, ISSN: 0883-9026
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- Citations: 122
Autio E, Hameri AP, Vuola O, 2004, A framework of industrial knowledge spillovers in big-science centers, RESEARCH POLICY, Vol: 33, Pages: 107-126, ISSN: 0048-7333
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- Citations: 84
Maula M, Autio E, Murray G, 2003, Prerequisites for the creation of social capital and subsequent knowledge acquisition in corporate venture capital, Venture Capital, Vol: 5, Pages: 117-134, ISSN: 1369-1066
Past research has largely treated inter-organizational social capital as an exogenously determined asset. In this paper, the authors build and test a model on the effects of the initial conditions for the creation and leveraging of social capital in corporate venture capital - portfolio firm dyads. Using contemporary survey data from US portfolio firms, it is shown that complementarities and financial incentives constitute important initial conditions for the creation of social interaction and subsequent knowledge acquisition. While extending the understanding of social capital formation, the findings also have important practical implications for technology-based new firms planning their growth and financing strategies.
Yli-Renko H, Autio E, Tontti V, 2002, Social capital, knowledge, and the international growth of technology-based new firms, International Business Review, Vol: 11, Pages: 279-304, ISSN: 0969-5931
This paper develops a model of the international growth of technology-based new firms (TBNFs) by drawing on the social capital theory and the knowledge-based view of the firm. The model aims at explaining the role of intra- and inter-organizational relationships in building the firm's distinctive knowledge base and in achieving international growth. It is hypothesized that internal and external social capital influence the acquisition and creation of knowledge, and that knowledge is a key resource driving the international growth of TBNFs. The model also takes into account the influence of growth orientation on international growth. The model is tested with longitudinal growth data from Finnish TBNFs. Structural equation modeling provides support for the hypotheses. The results suggest highly relevant practical implications for entrepreneurs: by fostering social capital within the firm and in external relationships, significant benefits can be achieved for the firm's knowledge base and international growth. © 2002 Elsevier Science Ltd. All rights reserved.
Mustakallio M, Autio E, Zahra SA, 2002, Relational and Contractual Governance in Family Firms: Effects on Strategic Decision Making, Family Business Review, Vol: 15, Pages: 205-222, ISSN: 0894-4865
Governance of family firms differs from mainstream corporate governance in an important respect: Important owners, i.e., family members, may have multiple roles in the business. In this paper, we develop and test a model of family firm governance that incorporates both formal control and social control aspects of governance. Governance based on the formal control draws on agency theory, whereas the social control aspects draw on social theories of governance, addressing social capital embedded in relationships. Drawing on these theories, we examine the influence of different governance mechanisms on the quality of strategic decision making. The Family Business Governance Model is tested using survey data from 192 family firms in Finland. We use structural equation modeling in testing the empirical validity of the model. The empirical analysis largely supports our hypotheses on formal control and social control as well as their influences on the decision-making quality. © 2002, SAGE Publications. All rights reserved.
Yli-Renko H, Autio E, Sapienza HJ, 2001, Social capital, knowledge acquisition, and knowledge exploitation in young technology-based firms, STRATEGIC MANAGEMENT JOURNAL, Vol: 22, Pages: 587-613, ISSN: 0143-2095
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- Citations: 1602
Keil T, Eloranta E, Holmström J, et al., 2001, Information and communication technology driven business transformation -: a call for research, COMPUTERS IN INDUSTRY, Vol: 44, Pages: 263-282, ISSN: 0166-3615
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- Citations: 11
Autio E, Sapienza HJ, Almeida JG, 2000, Effects of age at entry, knowledge intensity, and imitability on international growth, ACADEMY OF MANAGEMENT JOURNAL, Vol: 43, Pages: 909-924, ISSN: 0001-4273
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- Citations: 1602
Yli-Renko H, Autio E, 1998, The network embeddedness of new, technology-based firms: Developing a systemic evolution model, SMALL BUSINESS ECONOMICS, Vol: 11, Pages: 253-267, ISSN: 0921-898X
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- Citations: 42
Autio E, Parhankangas A, 1998, Employment generation potential of new, technology-based firms during a recessionary period: The case of Finland, SMALL BUSINESS ECONOMICS, Vol: 11, Pages: 113-123, ISSN: 0921-898X
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- Citations: 14
Autio E, Yli-Renko H, 1998, New, technology-based firms in small open economies - An analysis based on the Finnish experience, RESEARCH POLICY, Vol: 26, Pages: 973-987, ISSN: 0048-7333
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- Citations: 41
Autio E, Lumme A, 1998, Does the innovator role affect the perceived potential for growth? Analysis of four types of new, technology-based firms, TECHNOLOGY ANALYSIS & STRATEGIC MANAGEMENT, Vol: 10, Pages: 41-54, ISSN: 0953-7325
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- Citations: 33
Autio E, 1998, Evaluation of RTD in regional systems of innovation, European Planning Studies, Vol: 6, Pages: 131-140, ISSN: 0965-4313
This paper focuses on the evaluation of research and technical development (RTD) in regional systems of innovation (RSIs). It is argued that regional systems of innovation are distinctly different from national sjstems of innovation, and, thus, different approaches are called for in the evaluation of RSIs. The most relevant aspects of RSIs, from the evaluation perspective, relate to their largely tacit and context-specific character. In this paper, the concept and characteristics of RSIs are reviewed, and the implications of these for evaluation practice are discussed. Pointers for good practice in the evaluation of RTD in RSIs are listed.
Erkko A, Helena Y, 1998, New, technology–based firms as agents of technological rejuvenation, Entrepreneurship and Regional Development, Vol: 10, Pages: 71-92, ISSN: 0898-5626
In this paper the catalysing impact of new, technology–based firms in industrial technolog–ical renewal is analysed. New, technology–based firms are studied from the resource–based perspective, as concentrations of technological competencies that operate in industrial networks. The empirical database contains information on nearly 400 Finnish new, technology–based firms. The empirical evidence suggests that new, technology–based firms tend to operate in envir–onments where the notions of the resource–based perspective are of high relevance, striving to generate economic profit through the innovative combination of their knowledge resources with those provided by their operating environment. The technology links and value–creation mechanisms depicted by the sample firms are in line with the Pavitt taxonomy, and help to understand why the bulk of the population of new, technology–based firms are not growth oriented. This paper argues that new, technology–based firms can catalyse economic growth without growing themselves, by contributing to the dynamism of regional innovation systems. © 1998 Taylor & Francis Group, LLC.
Autio E, Klofsten M, 1998, A comparative study of two European business incubators, JOURNAL OF SMALL BUSINESS MANAGEMENT, Vol: 36, Pages: 30-43, ISSN: 0047-2778
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- Citations: 103
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