entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of innovation in the economics literature … opportunity by developing a knowledge spillover theory of entrepreneurship. The basic argument is that knowledge created …Contemporary theories of entrepreneurship generally focus on the decision-making context of the individual. The …

individual level, examining the relationship between religiosity and a broad set of pro- or anti-innovation attitudes in all five … waves of the World Values Survey (1980 to 2005). We thus relate eleven indicators of individual openness to innovation …, broadly defined (e.g., attitudes toward science and technology, new versus old ideas, change, risk taking, personal agency …

concentration and innovation. This paper addresses this gap with an analysis of around 1,300 UK SMEs. The results suggest that firms …

potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms … the degree of competition between suppliers, as well as other more practical indirect ways to stimulate innovation. We … discuss the effects of standard setting activities by large, often public, procurers on innovation races. We evaluate how …

observed price patterns. The high volatility results from high uncertainty about the average productivity of a new technology …. Investors learn about this productivity before deciding whether to adopt the technology on a large scale. For technologies that … are ultimately adopted, the nature of uncertainty changes from idiosyncratic to systematic as the adoption becomes more …

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 … processes for screening entrepreneurs. Every existing screening process, however, becomes less effective as technology advances …

pursuits of firms and their employees. Using patents and citations as proxies for innovation and a time-varying index of labor … laws, we find that innovation is fostered by stringent labor laws, especially by laws governing dismissal of employees. We … exploit staggered country-level law changes. We also find that stringent labor laws disproportionately influence innovation in …

financial distress. When the code is creditor-friendly, excessive liquidations cause the firm to shy away from innovation. In … contrast, by promoting continuation upon failure, a debtor-friendly code induces greater innovation. This effect remains robust … when the firm attempts to sustain innovation by reducing its debt under creditor-friendly codes. Employing patents as a …

progress and technology adoption. In standard endogenous growth models, which feature a strong scale effect, an increase in the … former country. Similar ideas are often suggested as possible reasons for why high wages might have encouraged rapid adoption … environmental regulations can spur more rapid innovation. I present a general framework for the analysis of these questions. I …

only influential in the case of wind technology. We also find evidence that public R&D stimulates innovation, particularly … level, either within the same technology field or economic sector (intra-sectoral spillovers) or in related technologies or … sectors (inter-sectoral spillovers), or at the international level. We find that innovation is strongly driven by knowledge …