Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation … enhances the likelihood of having both process and product innovation. Both these kinds of innovation have a positive impact on …

This paper surveys recent findings about how the financial markets value the knowledge assets of publicly traded firms …. The motivation for using market value equation to price knowledge assets is discusssed and the theory behind this equation … corporation is strongly related to its knowledge assets, and that the patent measures contain information about this value above …

include ICT investment and R&D as the two main inputs of innovation and productivity. We find that R&D and ICT are both … strongly associated with innovation and productivity, with R&D being more important for innovation and ICT for productivity. We … explore their possible complementarity in innovation and production but find none, although there is complementarity between R …