clauses would reduce such excessive, signaling-driven investment and patenting intensity. …

innovation to the financiers through patenting and prototyping activities, right in the early stages of the venture. We build a …

measure of innovation alternative to patent count. Unlike the impact on patent count, we do not find that VC investment … affects total factor productivity growth. We do find that VC investment is positively associated with labor productivity but … unprecedented growth. We then proceed to study if this positive impact of VC is also present on productivity growth, which is a …

In our model multiple innovators compete against each other by submitting investment proposals to an investor. The …' informational rents, since innovators are more likely to lose the competition if they inflate investment costs. Consequently …, competition leads to faster innovation, because the investor has less of a need to delay expensive investments. The investor …

productivity (TFP) growth and patent counts as measures of innovation. Using a panel AR regression as well as industry … that venture capital investments stimulate innovation ('VC-first hypothesis'). This interpretation is, however, one …-sided because there may be a reverse causality that innovations induce venture capital investments ('innovation-first hypothesis …

occupations are also a fundamental, but overlooked, driver of innovation. Theory also suggests cities are important for both … the links between creative industries, occupations, cities and innovation at the firm level. This paper addresses this gap … driver of innovation. We find no support for the hypothesis that urban creative industries firms are particularly innovative …

Creative cities are seen as important sites for the generation of new ideas, products and processes. Yet, beyond case … studies of a few high-profile cities, there is little empirical evidence on the link between local creative industries … concentration and innovation. This paper addresses this gap with an analysis of around 1,300 UK SMEs. The results suggest that firms …

-employment and entrepreneurship and their economic success. Particular attention is paid to the role of legal status at entry in the … migrants who arrive through family reunification are less likely to work full-time; refugees are also less self-employed. Those …

We measure the extent to which skilled immigrants increase innovation in the United States by exploring individual … in the population increases patents per capita by 6%. This could be an overestimate of immigration's benefit if immigrant …