impede innovation. This argument, however, fails to recognize that modern family firms can benefit from capitalist … institutions that promote innovation. Using a comprehensive sample of U.S. family-owned public firms and patents for the period … from 1998 to 2010, we show that family ownership plays multiple roles in promoting innovation and its influence can be …

economic growth, consistent with the evidence that they encourage firm-level innovation. … 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 …

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 …

introduced a greater element of entrepreneurship have been rewarded with additional growth. … made a plea for guidance in the era of entrepreneurship, scholars have been slow to respond. The purpose of this paper is … been conducive to economic growth and job creation. Our empirical analysis links the stage of the transition towards an …

capital and have greater growth opportunities. Also, higher accountability and lower income inequality are associated with …

business. As a result idiosyncratic risk discourages entrepreneurial activity and hinders growth, with the effects being … and dispersion of productivity growth. …

of endogenous growth. Rather, a mechanism is required that serves as a conduit for the spillover and commercialization of … knowledge from the source creating it to the firm actually commercializing the new ideas. In this paper, entrepreneurship is … identified as one such mechanism facilitating the spillover of knowledge. Using a panel of entrepreneurship data for 18 countries …

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 … innovation. …

Modern growth theory puts invention on the center stage. Inventions are created by individuals, raising the question …