Radical innovations require risk-taking. However, it is hard to find an objective measure for innovation investments … that would take riskiness into account. In this paper, we investigate how a simple measure of firms’ innovation investments …. We then build a simple model where firms’ innovation activities and firm risk are interrelated. We use the model to …

The importance of data and different sources of knowledge in the development of new services and products, and further … findings emphasize the role of a firms absorptive capacity and its ICT competence in data-based innovation. It seems that … customer involvement in innovation process positively relates to the production of new data-based products and services. The …

This study does not find any significant direct relationship between the public R&D funding and the firms` innovation …, we find evidence that the public R&D finance has substantially influenced the innovation output of the firms that have … performance in terms of innovation. Those large firms that have more intensively collaborated with the SMS firm partners in their …

knowledge for innovation activities. We also find that the benefits of multiple R&D lo-cations do not apply to novel (new …Companies face an expanding set of choices about where to locate their innovation activity, both within their home … of innovation activity : almost by definition, multiple locations per firm imply some degree of decentralization. Using …

organizations in the Finnish innovation and business support system. Finpro regards its mission to include increasingly a role of an … are typically highly internationalized, innovative and knowledge-based. They use, more likely than Finnish firms on …