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Innovative nascent entrepreneurs face the problem of obtaining finance, mainly due to information problems. We use new data on capital seeking start-ups allowing distinction between planning stage and early stage. Being innovative does not affect the probability of having external finance in the...
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knowledge provided by skilled employees and unobserved individual heterogeneity in explaining the persistence of innovation. …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. It turns out that innovation behaviour is …
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