’ innovation activities. Employing data from a representative sample of German firms, we find consistently with real options theory … that negatively affected firms substantially reduced R&D and other innovation expenditures not only in the first year of … the pandemic (2020), but also in the two subsequent years indicating ’Long–Covid’ effects on innovation. Furthermore …

Knowledge spillovers to competitors are regarded as an important aspect of the innovation process. While a company … leakage of knowledge in an industry will negatively affect profitability. This paper presents the results of an empirical …

innovation, i.e. weakly controlled managers show a higher innovation propensity. However, the higher the leverage the more …