-in-differences design to causally identify the short-run impact of COVID-19 on innovation spending in 2020 and expected innovation spending … substantially reduced innovation expenditure not only in the first year of the pandemic (2020) but also in the two subsequent years …, indicating ’Long–Covid’ effects on innovation. In 2020, innovation expenditure fell by 4.7 % due to the pandemic. In 2022 …

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

variables the motives for innovation expenditures are also taken into account. We differentiate between firms which intend to …

Most of the existing empirical literature on the relationship of firm value and knowledge capital is based on the stock …. It turns out that innovative firms, i.e. those with a reasonable knowledge stock, have a better credit rating and thus …

This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity …