Vikas A. Aggarwal

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A working paper in the INSEAD Working Paper Series is intended as a means whereby a faculty researcher's thoughts and findings may be communicated to interested readers. The paper should be considered preliminary in nature and may require revision. ABSTRACT We examine the performance implications of selecting alternate modes of governance in(More)
W e examine how initial public offerings (IPOs) and acquisitions affect entrepreneurial innovation as measured by patent counts and forward patent citations. We construct a firm-year panel data set of all venture capital-backed biotechnology firms founded between 1980 and 2000, tracked yearly through 2006. We address the possibility of unobserved(More)
This paper examines cooperative relationships between technology-based start-ups and industry incumbents, using a portfolio-level lens to understand the performance effects associated with this phenomenon. While start-ups often engage in alliance relationships with established firms in order to acquire a range of resources and capabilities necessary to(More)
Running title: Private equity and value creation 1 The authors are grateful to Robert Wiltbank and Warren Boeker for providing the confidential venture names in the Kauffman Angel Investors Performance Project survey data, and to Abstract: We examine the influence of private equity, in particular angel groups and venture capital (VC) investments, in shaping(More)
Facial defects resulting from neoplasms, congenital abnormalities or trauma can affect the patient esthetically, psychologically, and even financially. Surgical reconstruction of large facial defects is sometimes not possible and frequently demands prosthetic rehabilitation. For success of such prosthesis, adequate replication of natural anatomy, color(More)
W e assemble a panel data set of firms in the U.S. defense industry between 1996 and 2006 to examine the drivers of heterogeneous incumbent firm adaptation following the industry-wide demand shock of September 11, 2001. This shock entailed not only an increase in aggregate demand but, more importantly, a shift in the relative attractiveness of individual(More)
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