downstream development unit, a buyer of the interin innovation, arise from its ability to prevent the upstream research unit from … then value of her innovation is low. By constraining the financial flexibility of the upstream unit vis-a-vis her choice …

effect on technology transfer (catching up with the technological frontier) as well as innovation (pushing the frontier …

); reduce investment drastically (by 19); and reduce very substantially process innovation and information technology investment …

Using novel data on European firms, this paper examines the effect of business group affiliation on innovation. We find … that business groups foster the scale and novelty of corporate innovation. Group affiliation is particularly important in … industries that rely more on external finance and have a higher degree of information asymmetry. We also find that the innovation …

This article analyses the geography of innovation in China and India. Using a tailor-made panel database for regions in … between the provinces and states within both countries are quite different. In China, the concentration of innovation is … contrast, innovation is much more dependent on a combination of good local socioeconomic structures and investment in science …

The standard property-rights theory of the firm assumes that prior to investing in human capital, team members meet and …