The creation of spinoff companies is often promoted as a desirable mechanism for transferring knowledge and …

How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we … build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their …

that as firms gain market share, they increasingly rely on nonproductive strategies but reduce their productive, innovation …

technological lead spawn more successful spinouts. Building on these observations, I build a structural model of innovation and firm … dynamics, where firm heterogeneity arises from endogenous decisions of innovation workers to become entrepreneurs and create … effect, knowledge diffusion, and the firm composition channel. Growth decompositions show that accounting for spinout …

This study examines how industry-specific managerial experience affects firms’ innovation performance in the context of … providing knowledge about how to cope with institutional shortfalls potentially hampering the commercial success of new products. …

heterogeneous treatments, distinguishing and simultaneously analyzing the effect these treatments have on innovation input and … received, EU grants have higher effects. In terms of output, holding innovation expenditures constant, funding from both … obtained, we find superiority for national funding. -- Subsidies ; Innovation ; Policy Evaluation ; Treatment Effects …