Massimo G. Colombo

Politecnico di Milano

Full Professor

Piazza Leonardo da Vinci, 32

20113 Milan

Italy

SCHOLARLY PAPERS

42

DOWNLOADS
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CITATIONS
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Top 5,070

in Total Papers Citations

102

Scholarly Papers (42)

1.

Impact of M&A on the R&D Process. An Empirical Analysis of the Role of Technological and Market Relatedness

IESE Working Paper No. D/500
Number of pages: 36 Posted: 17 Dec 2003
IESE Business School, Politecnico di Milano, Politecnico di Milano and Catholic University of Leuven (KUL) - Department of Applied Economics
Downloads 285 (74,852)
Citation 20

Abstract:

M&A, R&D, scale & scope, market relatedness, technological relatedness

2.

Empirical Tests of Optimal Cognitive Distance

ERIM Report Series Reference No. ERS-2004-007-ORG
Number of pages: 38 Posted: 09 Mar 2004
Stefan Wuyts, Massimo G. Colombo, Shantanu Dutta and Bart Nooteboom
Catholic University of Leuven (KUL), Politecnico di Milano, University of Southern California - Marshall School of Business and Tilburg University - Center and Faculty of Economics and Business Administration
Downloads 216 (114,986)
Citation 28

Abstract:

innovation, organizational learning, ICT, biotechnology, alliances

3.

Young Firms' Growth in High-Tech Sectors: The Role of Founders' Human Capital

Number of pages: 25 Posted: 16 Aug 2005
Massimo G. Colombo and Luca Grilli
Politecnico di Milano and Politecnico di Milano
Downloads 211 (114,441)
Citation 1

Abstract:

Entrepreneurship, new technology-based firms, firms' growth, founders' human capital

4.

Ownership Structure, Horizontal Agency Costs and the Performance of High-Tech Entrepreneurial Firms

Small Business Economics 42(2), 265-282
Number of pages: 34 Posted: 22 Oct 2010 Last Revised: 02 Feb 2014
Massimo G. Colombo, Annalisa Croce and Samuele Murtinu
Politecnico di Milano, Polytechnic University of Milan - Dipartimento di Economia e Produzione and University of Groningen
Downloads 181 (109,036)
Citation 2

Abstract:

horizontal agency costs, high-tech entrepreneurial firms, productivity, ownership structure, bank debt

5.

Does it Take Two to Tango? Founders' Human Capital, Venture Capital and the Growth of High-Tech Start-Ups

Number of pages: 48 Posted: 24 Jun 2008 Last Revised: 04 Mar 2015
Massimo G. Colombo and Luca Grilli
Politecnico di Milano and Politecnico di Milano
Downloads 151 (139,469)
Citation 1

Abstract:

New Technology-based Firms, Growth, Human Capital, Venture Capital

6.

The Diffusion of Complementary Technologies: An Empirical Test

Number of pages: 36 Posted: 15 Apr 2005
Thomas B. Astebro, Massimo G. Colombo and Raffaello Seri
HEC Paris - Strategy & Business Policy, Politecnico di Milano and University of Insubria - Department of Economics
Downloads 137 (161,240)
Citation 1

Abstract:

technology diffusion, complementarities, causality

7.

Governmental Venture Capital for Innovative Young Firms

Journal of Technology Transfer, Forthcoming
Number of pages: 19 Posted: 26 Jul 2014 Last Revised: 20 Nov 2014
Massimo G. Colombo, Douglas J. Cumming and Silvio Vismara
Politecnico di Milano, York University - Schulich School of Business and University of Bergamo
Downloads 136 (98,722)

Abstract:

VC, GVC, intervention, entrepreneurial finance, IPOs

8.

Dynamic Capabilities During the Global Crisis: Evidence from Italian New Technology Based Firms

Number of pages: 39 Posted: 12 Dec 2010
Massimo G. Colombo, Evila Piva, Anita Quas and Cristina Rossi Lamastra
Politecnico di Milano, Politecnico di Milano, Dipartimento di Ingegneria Gestionale, EMLYON Business School - Department of Economics, Finance and Control and Politecnico di Milano
Downloads 136 (153,249)

Abstract:

dynamic capabilities, global crisis, strategic shift, firm performance

9.

Venture Capital Investments in Europe and Firm Productivity: Independent versus Corporate Investors

Number of pages: 32 Posted: 26 Jan 2014
Massimo G. Colombo and Samuele Murtinu
Politecnico di Milano and University of Groningen
Downloads 101 (173,697)

Abstract:

independent venture capital, corporate venture capital, high-tech entrepreneurial firms, total factor productivity, syndication

10.

R&D Subsidies and the Performance of High-Tech Start-Ups

Economics Letters, Vol. 112, No. 1, pp. 97-99
Number of pages: 10 Posted: 19 Sep 2010 Last Revised: 06 Sep 2014
Massimo G. Colombo, Luca Grilli and Samuele Murtinu
Politecnico di Milano, Politecnico di Milano and University of Groningen
Downloads 85 (223,135)
Citation 3

Abstract:

R&D Subsidies, high-tech entrepreneurship, TFP

11.

Effects of International R&D Alliances on Performance of High-Tech Start-Ups: A Longitudinal Analysis

Strategic Entrepreneurship Journal, Vol. 3, No. 4, pp. 346-368, December 2009
Number of pages: 48 Posted: 21 Sep 2010 Last Revised: 02 Feb 2014
Politecnico di Milano, Politecnico di Milano, University of Groningen, Politecnico di Milano - Dipartimento di Ingegneria gestionale and Politecnico di Milano, Dipartimento di Ingegneria Gestionale
Downloads 54 (279,169)
Citation 8

Abstract:

New technology-based firms, international R&D alliances, total factor productivity, global strategic networks, proximity

12.

Open Business Models and Venture Capital Finance

Industrial and Corporate Change, Forthcoming
Number of pages: 39 Posted: 10 Dec 2014 Last Revised: 26 Jan 2016
Politecnico di Milano, York University - Schulich School of Business, Institute of Innovation & Entrepreneurship, School of Business, Economics and Law, University of Gothenburg, Polytechnic University of Milan - Department of Management, Economics and Industrial Engineering and Ecole Polytechnique Fédérale de Lausanne - Management of Technology and Entrepreneurship Institute (MTEI)
Downloads 43 (202,946)

Abstract:

Open Business Model, Entrepreneurial Venture, Open Source Software, Venture Capital

13.

How Universities Contribute to the Creation of Knowledge Intensive Firms: Detailed Evidence on the Italian Case

Number of pages: 36 Posted: 06 May 2012
University of Pisa - DESE, Politecnico di Milano, University of Pisa - DESE and Politecnico di Milano
Downloads 36 (346,660)
Citation 2

Abstract:

university presence, knowledge intensive firms, geographical proximity, entrepreneurship, North-South divide

14.

A Test of Sequential Versus Simultaneous Complementarity in Technology Diffusion Using Survival Type Data: The Adoption of CAD and CNC

Number of pages: 27 Posted: 08 Aug 2012
Thomas B. Astebro, Giuliana Battisti and Massimo G. Colombo
HEC Paris - Strategy & Business Policy, Warwick Business School and Politecnico di Milano
Downloads 27 (374,320)

Abstract:

complementarity, adoption, CAD, CNC

15.

Delegation of Authority in Business Organizations: An Empirical Test

Journal of Industrial Economics, Vol. 52, pp. 53-80, March 2004
Number of pages: 28 Posted: 25 Apr 2004
Marco Delmastro and Massimo G. Colombo
Italian Communications Authority and Politecnico di Milano
Downloads 27 (403,356)
Citation 23

Abstract:

16.

Venture Capital Investments in Europe and Portfolio Firms' Economic Performance: Independent versus Corporate Investors

Journal of Economics & Management Strategy, 26(1), pp. 35-66 (2017).
Number of pages: 61 Posted: 15 Feb 2015 Last Revised: 11 Mar 2017
Massimo G. Colombo and Samuele Murtinu
Politecnico di Milano and University of Groningen
Downloads 25 (264,186)

Abstract:

independent venture capital, corporate venture capital, high-tech entrepreneurial firms, economic performance, syndication, Europe

17.

The Impact of Local and External University Knowledge on the Creation of Knowledge-Intensive Firms: Evidence from the Italian Case

Number of pages: 48 Posted: 26 Aug 2013
University of Pisa - DESE, Politecnico di Milano, University of Pisa - DESE and Politecnico di Milano
Downloads 14 (390,133)

Abstract:

local university knowledge, external university knowledge, codified knowledge, tacit knowledge, creation of knowledge-intensive firms, university quality

18.

Organizing for External Knowledge Sourcing

European Management Review, Vol. 8, Issue 3, pp. 111-116, 2011
Number of pages: 6 Posted: 14 Oct 2011
Massimo G. Colombo, Larissa Rabbiosi and Toke Reichstein
Politecnico di Milano, Copenhagen Business School - Department of Strategic Management and Globalization and Copenhagen Business School - Department of Innovation and Organizational Economics
Downloads 2 (521,345)
Citation 2

Abstract:

external knowledge sourcing, distributed innovation, organizational practices, incentives and motivation, collaborations, alliances and acquisitions, absorptive capacity, intellectual property rights

19.

Internal Social Capital and the Attraction of Early Contributions in Crowdfunding

Entrepreneurship Theory and Practice, Vol. 39, Issue 1, pp. 75-100, 2015
Number of pages: 26 Posted: 06 Jan 2015
Massimo G. Colombo, Chiara Franzoni and Cristina Rossi‐Lamastra
Politecnico di Milano, Politecnico di Milano - DIG and Polytechnic University of Milan - Department of Management, Economics and Industrial Engineering
Downloads 1 (536,249)

Abstract:

20.

The Creation of a Middle‐Management Level by Entrepreneurial Ventures: Testing Economic Theories of Organizational Design

Journal of Economics & Management Strategy, Vol. 22, Issue 2, pp. 390-422, 2013
Number of pages: 33 Posted: 05 Apr 2013
Massimo G. Colombo and Luca Grilli
Politecnico di Milano and Politecnico di Milano
Downloads 1 (527,629)
Citation 1

Abstract:

21.

The Effect of Venture Capital Financing on the Sensitivity to Cash Flow of Firm's Investments

European Financial Management, Vol. 16, No. 4, pp. 528-551, September 2010
Number of pages: 24 Posted: 24 Aug 2010
Fabio Bertoni, Massimo G. Colombo and Annalisa Croce
EM Lyon (Ecole de Management de Lyon) - Department of Economics, Finance, Control, Politecnico di Milano and Polytechnic University of Milan - Dipartimento di Economia e Produzione
Downloads 1 (536,249)
Citation 9

Abstract:

22.

The Impact of Venture Capital Monitoring in Europe

Number of pages: 29 Posted: 27 Jan 2017
Politecnico di Milano, Università Politecnica delle Marche, University of Bergamo, EMLYON Business School - Department of Economics, Finance and Control and University of Bergamo
Downloads 0 (303,096)

Abstract:

Venture Capital, Monitoring, Europe, Corporate Venture Capital, Cross-Border Investments

23.

Signalling in Science-Based IPOs: The Combined Effect of Affiliation with Prestigious Universities, Underwriters, and Venture Capitalists

Number of pages: 54 Posted: 30 Jun 2016
Massimo G. Colombo, Michele Meoli and Silvio Vismara
Politecnico di Milano, University of Bergamo and University of Bergamo
Downloads 0 (331,180)

Abstract:

IPO, signalling, valuation, underwriter, venture capitalist, academic entrepreneurship, spinoff

24.

Swimming with Sharks in Europe: When are They Dangerous and What Can New Ventures Do to Defend Themselves?

Strategic Management Journal, Forthcoming
Number of pages: 48 Posted: 25 Nov 2015 Last Revised: 11 Mar 2016
Massimo G. Colombo and Kourosh Shafi
Politecnico di Milano and University of Florida - Center for Entrepreneurship and Innovation
Downloads 0 (328,266)

Abstract:

corporate venture capital, European new venture, misappropriation risk, defense mechanism, partnership formation

25.

Opportunity Exploitation and TMT Organizational Configurations

Number of pages: 27 Posted: 23 Nov 2015
Polytechnic University of Milan, Polytechnic University of Milan - Department of Management, Economics and Industrial Engineering, Polytechnic University of Milan - School of Management, Polytechnic University of Milan - Department of Management, Economics and Industrial Engineering, Politecnico di Milano, ESADE Business School and Polytechnic University of Milan - Department of Management, Economics and Industrial Engineering
Downloads 0 (443,441)

Abstract:

Top Management Team, organization, configuration, opportunity exploitation

26.

Sales and Employment Changes in Entrepreneurial Ventures with Family Ownership: Empirical Evidence from High‐Tech Industries

Journal of Small Business Management, Vol. 52, Issue 2, pp. 226-245, 2014
Number of pages: 20 Posted: 13 Mar 2014
Politecnico di Milano, Lancaster University - Management School, Politecnico di Milano, Dipartimento di Ingegneria Gestionale, Polytechnic University of Milan - Department of Management, Economics and Industrial Engineering and Imperial College London
Downloads 0 (548,619)

Abstract:

27.

University Specialization and New Firm Creation Across Industries

Small Business Economics, Forthcoming
Posted: 08 Nov 2012 Last Revised: 21 Oct 2013
University of Pisa - DESE, Politecnico di Milano, University of Pisa - DESE and Politecnico di Milano

Abstract:

University specialization, new firm creation, geographical proximity, industry-specific innovation patterns

28.

Introduction: Small Business and Networked Innovation: Organizational and Managerial Challenges

Journal of Small Business Management, Vol. 50, Issue 2, pp. 181-190, 2012
Number of pages: 10 Posted: 17 Mar 2012
Politecnico di Milano, Copenhagen Business School - Department of Industrial Economics & Strategy (IVS), Chalmers University of Technology and Polytechnic University of Milan - Department of Management, Economics and Industrial Engineering
Downloads 0 (548,619)

Abstract:

29.

Venture Capital Financing and the Growth of New Technology-Based Firms: A Longitudinal Analysis of the Role of the Type of Investor

Rivista Italiana degli Economisti, Vol. 3, 2010
Posted: 17 Nov 2010
Fabio Bertoni, Massimo G. Colombo and Luca Grilli
EM Lyon (Ecole de Management de Lyon) - Department of Economics, Finance, Control, Politecnico di Milano and Politecnico di Milano

Abstract:

Capital, Corporate Venture Capital, New Technology-Based Firms, Firm Growth

30.

The Effect of Public Subsidies on Firms’ Investment-Cash Flow Sensitivity: Transient or Persistent?

Research Policy, Vol. 42, No. 9, 2013
Posted: 28 Apr 2010 Last Revised: 22 Oct 2014
Massimo G. Colombo, Annalisa Croce and Massimiliano Guerini
Politecnico di Milano, Polytechnic University of Milan - Dipartimento di Economia e Produzione and University of Pisa - DESE

Abstract:

Public finance, high-tech start-ups, financial constraints

31.

Start-Up Size: The Role of External Financing

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 09 Nov 2009
Luca Grilli and Massimo G. Colombo
affiliation not provided to SSRN and Politecnico di Milano

Abstract:

High technology firms, Financing, Service industries, Bank loans, Private equity, Startups, Manufacturing industries, Firm size

32.

Conceptualising the Heterogeneity of Research-Based Spin-Offs: A Multi-Dimensional Taxonomy

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 09 Nov 2009
École Nationale Supérieure des Mines de Paris - Centre de Sociologie de l'Innovation (CSI), École Nationale Supérieure des Mines de Paris - Centre de Sociologie de l'Innovation (CSI), Politecnico di Milano, Politecnico di Milano, Dipartimento di Ingegneria Gestionale, Laboratório Nacional de Energia e Geologia, Nottingham University Business School (NUBS), Nottingham University Business School, Vlerick Business School and Ghent University-Universiteit Gent - Department of Management and Entrepreneurship

Abstract:

Academic research, Technology transfer, Commercialization, University spinouts, Public research organizations, Colleges & universities, Technology based firms, Firm gestation, Firm growth, Public policies, Firm strategies, Innovation process

33.

Entrepreneurs' Human Capital and the Start-Up Size of New Technology-Based Firms

International Journal of Industrial Organization, Vol. 22, No. 8-9, 2004
Posted: 01 May 2009
Massimo G. Colombo, Marco Delmastro and Luca Grilli
Politecnico di Milano, Italian Communications Authority and Politecnico di Milano

Abstract:

34.

Some Stylized Facts on Organization and Its Evolution

Journal of Economic Behavior and Organization, Vol. 40, No. 3, 1999
Posted: 01 May 2009
Massimo G. Colombo and Marco Delmastro
Politecnico di Milano and Italian Communications Authority

Abstract:

Firm's organizational structure, Hierarchy, Decision-making allocation

35.

How Effective are Technology Incubators? Evidence from Italy

Research Policy, Vol. 31, No. 7, 2002
Posted: 01 May 2009
Massimo G. Colombo and Marco Delmastro
Politecnico di Milano and Italian Communications Authority

Abstract:

NTBFs, Science parks, University industry relations

36.

The Determinants of Organizational Change and Structural Inertia: Technological and Organizational Factors

Journal of Economics and Management Strategy, Vol. 11, Issue 4, p. 595-635, 2004
Posted: 01 May 2009
Massimo G. Colombo and Marco Delmastro
Politecnico di Milano and Italian Communications Authority

Abstract:

Organizational structure, Hierarchy, Technology, Inertia

37.

Technology-Based Entrepreneurs: Does Internet Make a Difference?

Small Business Economics, Vol. 16, No. 3, 2001
Posted: 01 Mar 2009
Massimo G. Colombo and Marco Delmastro
Politecnico di Milano and Italian Communications Authority

Abstract:

Entrepreneurship, NTBFs, ICT

38.

Technology Use and Plant Closure

Research Policy, Vol. 30, No. 1, 2001
Posted: 01 Mar 2009
Massimo G. Colombo and Marco Delmastro
Politecnico di Milano and Italian Communications Authority

Abstract:

Survival; Technology adoption; Ownership structure

39.

A Note on the Relation between Size, Ownership Status and Plant's Closure: Sunk Costs vs. Strategic Size Liability

Economics Letters, Vol. 69, No. 3, 2000
Posted: 01 Mar 2009
Massimo G. Colombo and Marco Delmastro
Politecnico di Milano and Italian Communications Authority

Abstract:

Closure, Exit, Sunk costs, Ownership status

40.

High Performance Work Practices, Decentralization, and Profitability: Evidence from Panel Data

Industrial and Corporate Change, Vol. 16, Issue 6, pp. 1037-1067, 2007
Posted: 22 Jun 2008
Massimo G. Colombo, Marco Delmastro and Larissa Rabbiosi
Politecnico di Milano, Italian Communications Authority and Politecnico di Milano

Abstract:

41.

Venture Capital Financing and the Growth of High-Tech Start-Ups: Disentangling Treatment from Selection Effects

Research Policy, Vol. 40, No. 7, 2011
Posted: 09 Mar 2008 Last Revised: 12 Jun 2014
Fabio Bertoni, Massimo G. Colombo and Luca Grilli
EM Lyon (Ecole de Management de Lyon) - Department of Economics, Finance, Control, Politecnico di Milano and Politecnico di Milano

Abstract:

Venture Capital, Corporate Venture Capital, Growth

42.

When Does Reward-Based Crowdfunding Help Firms Obtain External Financing?

Posted: 27 May 2016
Massimo G. Colombo and Kourosh Shafi
Politecnico di Milano and University of Florida - Center for Entrepreneurship and Innovation
Downloads 132

Abstract:

crowdfunding, venture capital, business angel