technology. Perhaps the most obvious connection between technology and financial innovation emerges through risk …

In this paper, we study the dynamics of innovation financing as a new industry emerges. Specifically, in an environment … the relative shares of bank and venture capital financing out of total innovation funding in the sector. In our setup, the … financial institutions; it may stem from better screening ability, better monitoring ability, or greater knowledge of the human …

innovation experience, the results further highlight the important role of knowledge provided by skilled employees and unobserved …This paper investigates whether firms innovate persistently or discontinuously over time using an innovation panel data … set on German manufacturing and service firms for the period 1994-2002. We find that innovation behaviour is permanent at …

process innovations, this paper reports new results on the relationship between innovation and employment growth in Germany … CIS data. It establishes a theoretical link between employment growth and innovation output. The econometric analysis …