Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation … process and product innovation. Both these kinds of innovation have a positive impact on firm's productivity, especially …

innovative performance measured as turnover due to innovation, but not between patenting and subsequent employment growth. The …

There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar …

foster innovation activities in small enterprises? Do innovators create more jobs? We use a large set of microenterprises … training is found to have a strong effect on the innovation activity. However, firms owned by female and old entrepreneurs are … less likely to get involved in innovation. In an extended model of firm growth determinants that includes innovation …