HOW DO ENTREPRENEURIAL TECHNOLOGY FIRMS REALLY GET FINANCED, AND WHAT DIFFERENCE DOES IT MAKE?

2008 ◽  
Vol 05 (01) ◽  
pp. 1-28 ◽  
Author(s):  
KELVIN W. WILLOUGHBY
Keyword(s):  
Venture Capital ◽  
The United States ◽  
Technology Firms ◽  
Debt Finance ◽  
Public Equity ◽  
And Performance ◽  
Financing Strategy ◽  
Technology Industries ◽  
High Technology Industries ◽  
Technology Ventures

This paper discusses an emerging heterodoxy in the academic literature on entre- preneurial technology finance that is based on the idea of "bootstrapping." Bootstrap finance is a third approach (emphasizing funding technology ventures through revenue and other non-traditional sources), alongside the orthodoxies of traditional business finance (emphasizing debt) and contemporary venture finance (emphasizing venture capital and public equity). The paper also reports the results of an original empirical study of entrepreneurial technology firms in the bioscience-related industries in the United States. The data from the study show that "unorthodox" bootstrap financing is actually the dominant kind of financing in those high technology industries. The data are analyzed to explore industry effects, regional milieux effects, and entrepreneurial-status effects on the relative mix of bootstrap finance and the three traditional sources of finance: venture capital, public equity and debt finance. The effects on firm behavior and performance of variations in financing strategy are explored, with implications for managers of entrepreneurial technology ventures and educators concerned with technology entrepreneurship.

America's Declining Industrial Competitiveness: Protectionism, the Marketplace and the State

1983 ◽  
Vol 16 (01) ◽  
pp. 25-33 ◽  
Author(s):  
Robert S. Walters
Keyword(s):  
United States ◽  
Trade Liberalization ◽  
High Technology ◽  
The United States ◽  
Economic Sectors ◽  
Restrictive Trade ◽  
Liberal Trade ◽  
Technology Industries ◽  
High Technology Industries ◽  
Import Quotas

A rising protectionist tide is threatening to undermine the domestic political foundation necessary to sustain America's liberal trade posture through the 1980s. U.S. trade officials and recent administrations remain committed to a liberal trade order, but severe crises in key economic sectors of the economy, regionally concentrated in the traditional industrial region of the country, are cutting the ground from beneath them internationally and domestically.At the recent GATT ministerial meeting in Geneva, for example, the United States pressed hard for expanding international trade liberalization in agriculture, services, and high technology industries—all areas of economic activity in which the United States enjoys a strong competitiye position and trade surpluses. American trade officials in Geneva had the burden of advancing their arguments for further trade liberalization against the backdrop of recent U.S. actions, taken in response to domestic pressures, which imposed import quotas on European steel and Japanese automobiles and which adopted a more restrictive trade regime for textiles and apparel in the renewal of the Multi-Fiber Agreement. While the GATT meeting was in progress, the U.S. Congress was considering a domestic content bill that would require auto-makers selling over 900,000 vehicles in the American market to use 90 percent U.S. labor and parts by 1985. U.S. trade representative William Brock III called this “the worst piece of economic legislation since the 1930s.” The House passed the bill with 215 votes, but it died in the Senate. The bill will certainly be re-introduced in the more protectionist 98th Congress.

Clean-tech Venture Capital Investment in the United States, 1995-2020

2021 ◽  
Vol 39 (3) ◽  
Author(s):  
Yochanan Shachmurove
Keyword(s):  
United States ◽  
Venture Capital ◽  
Capital Investment ◽  
Environmental Issues ◽  
The United States ◽  
Clean Technology ◽  
Quarterly Data ◽  
Venture Capital Investment ◽  
Venture Investment ◽  
Technology Industries

This paper studies venture capital investment in the United States, with an emphasis on the Clean-Technology industries. The Clean-Technology industries encompass ventures that compete in markets with products and services that explicitly take environmental issues into account. This paper explores the importance of macroeconomics variables, aggregate venture capital investment on Clean-Technology and investment backed by venture capital. Quarterly data of capital venture investment and number of deals are used for the period 1995-2020. The results indicate that Clean-Tech investment offers investors possibilities for some degree of diversification.

Undesirable Effects of Goal Setting on Perceived Fairness, Commitment, and Unethical Behavior

2018 ◽  
Vol 62 (2) ◽  
pp. 97-107 ◽  
Author(s):  
Nina Keith
Keyword(s):  
Goal Setting ◽  
Unethical Behavior ◽  
The United States ◽  
Goal Commitment ◽  
Management Technique ◽  
Long Term Effects ◽  
Perceived Fairness ◽  
Negative Effects ◽  
Positive Effects ◽  
And Performance

Abstract. The positive effects of goal setting on motivation and performance are among the most established findings of industrial–organizational psychology. Accordingly, goal setting is a common management technique. Lately, however, potential negative effects of goal-setting, for example, on unethical behavior, are increasingly being discussed. This research replicates and extends a laboratory experiment conducted in the United States. In one of three goal conditions (do-your-best goals, consistently high goals, increasingly high goals), 101 participants worked on a search task in five rounds. Half of them (transparency yes/no) were informed at the outset about goal development. We did not find the expected effects on unethical behavior but medium-to-large effects on subjective variables: Perceived fairness of goals and goal commitment were least favorable in the increasing-goal condition, particularly in later goal rounds. Results indicate that when designing goal-setting interventions, organizations may consider potential undesirable long-term effects.

Relation of Statistically Significant, Abnormal, and Typical WAIS-R VIQ-PIQ Discrepancies to Full Scale IQs

2000 ◽  
Vol 16 (2) ◽  
pp. 107-114 ◽  
Author(s):  
Louis M. Hsu ◽  
Judy Hayman ◽  
Judith Koch ◽  
Debbie Mandell
Keyword(s):  
Graphical Method ◽  
The United States ◽  
Full Scale ◽  
True Score ◽  
Absolute Value ◽  
Normative Population ◽  
The Us ◽  
The Mean ◽  
And Performance ◽  
Quadratic Models

Summary: In the United States' normative population for the WAIS-R, differences (Ds) between persons' verbal and performance IQs (VIQs and PIQs) tend to increase with an increase in full scale IQs (FSIQs). This suggests that norm-referenced interpretations of Ds should take FSIQs into account. Two new graphs are presented to facilitate this type of interpretation. One of these graphs estimates the mean of absolute values of D (called typical D) at each FSIQ level of the US normative population. The other graph estimates the absolute value of D that is exceeded only 5% of the time (called abnormal D) at each FSIQ level of this population. A graph for the identification of conventional “statistically significant Ds” (also called “reliable Ds”) is also presented. A reliable D is defined in the context of classical true score theory as an absolute D that is unlikely (p < .05) to be exceeded by a person whose true VIQ and PIQ are equal. As conventionally defined reliable Ds do not depend on the FSIQ. The graphs of typical and abnormal Ds are based on quadratic models of the relation of sizes of Ds to FSIQs. These models are generalizations of models described in Hsu (1996) . The new graphical method of identifying Abnormal Ds is compared to the conventional Payne-Jones method of identifying these Ds. Implications of the three juxtaposed graphs for the interpretation of VIQ-PIQ differences are discussed.

Strategic Environment and Implementation of Satellite Technology Acquisition Programs in ASEAN

2019 ◽  
Author(s):  
Robertus Heru Triharjanto
Keyword(s):  
Value Added ◽  
Technology Program ◽  
National Space ◽  
Technology Acquisition ◽  
Satellite Technology ◽  
Space Agency ◽  
Asean Countries ◽  
The Growth Of Economy ◽  
Technology Industries ◽  
High Technology Industries

With the growth of economy in ASEAN countries, their desire to create high value-added jobs or high technology industries are increasing. Such drive, in addition to the clasic motivation of creating national pride and strategy for defense and security, made many of them started to have national space program. Since they are satellite users, they started the program with acquiring satellite production technology. Due to such background, the paper discusses about satellite technology acquisition programs in ASEAN countries, with focus on the program’s strategic environment and implementation. The objective of research is to establish positioning map of satellite technology aqusition program in ASEAN. The method used is decriptive analytics, in which data on the program scale and coverage, technology regulations, and institutional buildings in each countries were sumarized and compared. The study shows that all of the ASEAN countries started their satellite technology acquisition by developing remote sensing satellites. It is found that Singapore and Malaysia are the highest in current satellite technology program scale, and in the future, Vietnam’s program scale will catch up with Indonesian and Thailand’s. For Indonesia, even though it has technology mastering and space agency, but lack of investment made it unable to move beyond micro-satellite program

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