• Entrepreneurial Spawning: Experience, Education, and Exit 

      Cumming, Douglas; Walz, Uwe; Werth, Jochen Christian (2016-02-29)
      We investigate the career dynamics of high-tech entrepreneurs by analyzing the exit choice of entrepreneurs: to act as a business angel, to found another firm, or to become dependently employed. Our detailed data from ...
    • Governance in Entrepreneurial Ecosystems: Venture Capitalists vs. Technology Parks 

      Cumming, Douglas; Werth, Jochen Christian; Zhang, Yelin (2017-03-09)
      We argue two alternative routes that lead entrepreneurial start-ups to acquisition outcomes instead of liquidation. On one hand, acquisitions can come about through the control route with external financers such as venture ...