managers and thus possibly making China’s listed firms less effective in solving the agency problem. As such, ownership …

set on innovation for a large number of Italian firms over the 1990’s. There is evidence that banking development affects … the probability of process innovation, particularly for small firms and for firms in high(er) tech sectors and in sectors … more dependent upon external finance. The evidence for product innovation is weaker. There is also some evidence that …

-to-the-world innovation is inherently risky and therefore may increase the probability of firm death. However, many existing studies … fail to distinguish between innovation investments and innovation capital. Using an unbalanced panel of over 290 … innovation and survival and find that current innovation investments increase the probability of death while innovation capital …

of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output …

innovative inputs on a sample of 3045 manufacturing firms drawn from the third Italian Community Innovation Survey (1998 …-2000). The interactions between four different sources of innovation - internal and external R&D, embodied and disembodied … complementarity and substitutability relationships, depending both on the typology of the targeted innovation output and on the …

Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across … and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have … restricted standard analysis of the determinants of innovation to consideration of the role of firm characteristics. We develop a …

data on 170 regions in Europe (NUTS 2 level) for the periods 1991-1995 and 2001-2005. Innovation outcomes are measured by … diffusion of innovation activity, and the spatial selectivity of immigrants' location choices, we take account of spatial …'s restaurants as a novel instrument for immigration. The results confirm that innovation is clearly a function of regional …

We combine firm-level innovation data with area-level Census data to examine the relationship between local workforce … characteristics, especially the presence of immigrants and local skills, and the likelihood of innovation by firms. We examine a range … of innovation outcomes, and test the relationship for selected subgroups of firms. We find a positive relationship …