We model technological and financial innovation as reflecting the decisions of profit maximizing agents and explore the … also engage in the costly, risky, and potentially profitable process of innovation: Financiers can invent more effective …. Consequently, technological innovation and, thus, economic growth stop unless financiers continually innovate. Historical …

more important for small-firm innovation than for their larger counterparts. …

environmental regulations can spur more rapid innovation. I present a general framework for the analysis of these questions. I …

sectors (inter-sectoral spillovers), or at the international level. We find that innovation is strongly driven by knowledge … spillovers, especially those occurring at the national level. Wind and solar technologies exhibit distinct innovation … only influential in the case of wind technology. We also find evidence that public R&D stimulates innovation, particularly …

, and it also has a positive and significant effect on their market values. Our results are consistent with the theory that …

We base a contracting theory for a start-up firm on an agency model with observable but nonverifiable effort, and …