Understanding Information Decay for Firm Valuation Prediction - A Case Study of Taiwan Biotech Industry

2012 ◽  
Author(s):  
Xiaoli Wang ◽  
Angela Hsiang-Ling Chen ◽  
Zu-Hsu Lee
2009 ◽  
Vol 27 (4) ◽  
pp. 665-683 ◽  
Author(s):  
Jun Koo ◽  
Jonghoon Bae ◽  
Dohyeong Kim

The biotech industry is considered to be the next growth engine by many policy makers and economic development scholars. However, our understanding of how the biotech industry evolves and grows is still quite limited. In this study we examine how the industry began and grew, on the basis of a case study and statistical analysis. A case study of the Raleigh–Durham area reveals that the region was fortunate to have strong political leadership accompanied by scientific, industrial, and entrepreneurial assets that set off the initial spark of the biotech growth in the region. In the study's statistical analysis we use the tripod approach to examine the growth of the biotech sector. The results show that the complex interplay of knowledge creation, commercialization, and retention factors determines the growth path of the biotech industry.


Author(s):  
Grzegorz Micek ◽  
Pauline Gleadle ◽  
Piotr Dawidko

Whilst Poland is argued to represent one of the largest and most entrepreneurial economies in CE with huge potential for development of the SME biotech industry, this sector remains relatively underdeveloped. In this paper, we explore reasons for this apparent anomaly, focusing on the interrelationships between institutional context and entrepreneurial behaviour. We adopt Smallbone and Welter’s (2009a, b) typology (Welter, Smallbone, 2011) of entrepreneurial behaviour in constructing a case study of the biotech SME industry in Poland, concluding that the sector faces particular institutional challenges which entrepreneurs react to in a variety of ways. We conclude that Poland presents serious obstacles to a knowledge-intensive sector such as biotech.


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