Using a unique panel data of Dutch innovation and financial variables we empirically investigate how financing and … innovation vary across firm characteristics. The study also tries to gauge the extent of market failure due to the presence of …, debt financing and innovation choices are not independent of firm characteristics such as age, size, and existing leverage …

The purpose of this paper is to propose a composite innovation indicator derived from an econometric prediction of the … likelihood of innovating and of the amount of innovation performed by a particular firm, given information on its characteristics … the Community Innovation Surveys. It combines qualitative and quantitative data. It allows the comparison of …