• Agency, strategic entrepreneurship and the performance of private equity backed buyouts

      Meuleman, Miguel; Amess, K.; Wright, Mike; Scholes, L. (2008)
    • An assessment of government funding of business angel networks: a regional study

      Collewaert, Veroniek; Manigart, Sophie; Aernoudt, Rudy (2007)
    • An empirical analysis of asset-backed securitization

      Vink, Dennis; Thibeault, André (2008)
    • Antecedents of task conflict in the entrepreneur-investor relationship: an effectuation perspective

      Appelhoff, Daniel; Mauer, René; Collewaert, Veroniek; Brettel, M. (2012)
      Survey data from 175 entrepreneurs confirm the theory of planned behavior as an appropriate
    • Assessment of cost-benefit analysis for offshore electricity infrastructure development

      Bhagwat, Pradyumna; Schittekatte, Tim; Keyaerts, Nico; Meeus, Leonardo (2017)
      The application of cost-benefit analysis (CBA) for offshore electricity infrastructure projects with a pan-European impact is discussed. An analytical framework for the evaluation of CBA methodologies is presented. The framework is then applied to assess the CBAs of three offshore infrastructure projects (EWIC, COBRAcable and ISLES). Overall, the CBAs assessed already comply with several dimensions of the analytical framework. However, based on this assessment it is found that scope for improvement in quality exists in three areas namely, in considering project interactions, in dealing with uncertainty and in making the results between CBAs comparable by ensuring full monetisation. Furthermore, the research also confirms the view that a common harmonised CBA methodology is essential for selection of PCIs.
    • The batteries of change. Is your organisation energised for change

      De Prins, Peter; Letens, Geert; Verweire, Kurt (2018)
      This white paper by Prof Peter De Prins, Prof Geert Letens and Prof Kurt Verweire sets out a new change model and outlines how you can use it to make lasting, effective change happen in your organisation.
    • Does foreign investment crowd out domestic entrepreneurship?

      De Backer, Koen; Sleuwaegen, Leo (KU Leuven, Dep. of Applied Economics, 2001)
    • DSO-TSO cooperation issues & solutions for distribution grid congestion management

      Hadush, Samson; Meeus, Leonardo (2017)
      The role of DSOs is evolving due to the increasing penetration of intermittent and distributed energy resources in the distribution system. On the one hand, TSOs are accessing flexibility resources connected to the distribution grid. On the other hand, DSOs are actively managing distribution grid congestion, moving away from the conventional fit and forget approach. As a result, the need for DSO-TSO cooperation has become increasingly important. In this study, we first discuss market and grid operation issues related to different system states and the corresponding congestion management approaches. Second, we discuss possible solutions that are inspired by inter-TSO cooperation solutions as well as solutions that are being adopted by DSOs. Our findings show that the issues are rather similar both at transmission and distribution level; however, the need for cooperation and the solutions will depend on where structural congestion will occur and which borders will be managed.
    • Effects of top team conflict on new venture innovation

      Collewaert, Veroniek; Sapienza, Harry J. (2011)
    • First-round valuation of angel-backed companies: the role of investor human capital

      Collewaert, Veroniek; Manigart, Sophie (2009)
      In this first paper of the special issue, we identify some trends in open innovation research by analysing how the literature on this topics has evolved since the introduction of the concept in 2003. Research on open innovation has been mushrooming ever since and the scope has been broadened in different directions. Researchers also started to analyse open innovation at different level of analysis from the individual actors in organisations to ecosystems and national innovation systems. Despite the vast growth in research on open innovation, we identified several directions for further research: open innovation research should be linked to other management areas such as marketing, HRM, change management, etc. In addition, our understanding of open innovation could be improved if the recently developed insights could be related to the existing management theories.
    • Forecast bias of entrepreneurs in venture capital-backed companies

      Collewaert, Veroniek; Vanacker, Tom; Cassar, G. (2011)
    • From distress to exit: determinants of the time to exit

      Balcaen, Sofie; Manigart, Sophie; Ooghe, Hubert (2009)
    • Future house of rewards - Reward systems in an era of longevity

      Baeten, Xavier; Loyens, Said; De Greve, Bert (2018)
      This white paper by Prof Xavier Baeten, Said Loyens (Vlerick’s Centre for Excellence in Strategic Rewards) and Bert De Greve (Hudson) proposes concrete and evidence-based ideas on how Belgian firms should manage wage setting in the future.
    • Future-proof tariff design: Recovering sunk grid costs in a world where consumers are pushing back

      Schittekatte, Tim; Momber, Ilan; Meeus, Leonardo (2017)
      Traditional analysis of distribution grid user’s reaction to tariffs assumes a low price sensitivity and a lack of alternative technologies to grid connection. This is radically changing with two technology breakthroughs: (1) Photovoltaics (PV) enable domestic and commercial consumers to self-produce energy; (2) Batteries allow self-producers to set both their grid energy and capacity parameters. Contributing to the state of the art, the grid cost recovery problem is modelled as a non-cooperative game between consumers. In this game, the availability and costs of new technologies (such as PV and batteries) strategically interact with tariff structures. Four states of the world for user’s access to new technologies are distinguished and three tariff structures are evaluated. The assessed distribution network tariff structures are: energy volumetric charges with net-metering, energy volumetric charges for both injection and withdrawal, and capacity-based charges. Results show that the new distribution world -open by new technology choices for grid users- is highly interactive and threatens grid regulation not understanding it.
    • Het financieel profiel van Waalse groeiondernemingen op basis van de positioneringsroos

      Ooghe, Hubert; Collewaert, Veroniek (UGent, Fac. Economie & Bedrijfskunde, 2004)
    • How to position yourself as a Fintech Ninja

      Holvoet, Tine (2018)
      Real change is not merely loading or updating, but upgrading financial services.
    • Learning about small business profitability: the influence of management practices and owner-manager human capital 

      Maes, Johan; Sels, Luc; Roodhooft, Filip (Vlerick Business School, 2004)
      In a free market economy the importance of small business as a major job supplier, innovator and source of growth is widely recognized. Given the importance of small business for an economy, the survival, success and performance of these firms is an issue of continuous concern. Research that can lead to the identification of those factors associated with small business performance is of great interest to policy makers, owner-managers and their advisors. This article aims at detecting predictors of small business profitability. Our objective is to distinguish internal factors of small construction companies that enhance firm profitability. Based on the data of an empirical survey in the construction industry to which certified financial data has been added, this paper investigates the influence of owner-manager human capital characteristics and selected management practices on the profitability of small construction companies. For this purpose, we develop and test a structural model. Results indicate that industry experience and level of education of the owner-manager and management practices such as avoidance of cash credit and the use of actual costing systems contribute to higher profitability. Furthermore, owner-manager human capital characteristics influence profitability both directly and indirectly. Keywords: small business profitability, management practices, owner-manager human capital, structural model