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Corruption, Government Subsidies, and Innovation : Evidence from China

Fang, Lily - 2018

Governments are important financiers of private sector innovation. While these public funds can ease capital … for innovation programs strengthened the relationship between firms' historical innovative efficiency and subsequent … changes: subsidies became significantly positively associated with future innovation after the anti-corruption campaign and …

Persistent link: https://www.econbiz.de/10012480749

Venture Capital’s Role in Financing Innovation : What We Know and How Much We Still Need to Learn

Lerner, Josh - 2020

Venture capital is associated with some of the most high-growth and influential firms in the world. Academics and practitioners have effectively articulated the strengths of the venture model. At the same time, venture capital financing also has real limitations in its ability to advance...

Persistent link: https://www.econbiz.de/10012481347

Financial Distancing : How Venture Capital Follows the Economy Down and Curtails Innovation

Howell, Sabrina T. - 2020

questions about the pro-cyclicality of VC and its implications for innovation, especially in light of the common narrative that … VC is relatively insulated from public markets. We find that the implications for innovation are not benign: innovation … discussion on the nature of innovation across business cycles …

Persistent link: https://www.econbiz.de/10012481733

The Financing of R&D and Innovation

Hall, Bronwyn H. - 2009

Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for …

Persistent link: https://www.econbiz.de/10012463325

Private Equity and Long-Run Investment : The Case of Innovation

Lerner, Josh - 2008

-term performance. We investigate 495 transactions with a focus on one form of long-term activities, namely investments in innovation as …

Persistent link: https://www.econbiz.de/10012464024

The Economics of Technology Sharing : Open Source and Beyond

Lerner, Josh - 2004

This paper reviews our understanding of the growing open source movement. We highlight how many aspects of open source software appear initially puzzling to an economist. As we have acknowledge, our ability to answer confidently many of the issues raised here questions is likely to increase as...

Persistent link: https://www.econbiz.de/10012467731

Patent Protection and Innovation Over 150 Years

Lerner, Josh - 2002

The paper seeks to understand the impact of the patent system on innovation by examining shifts in the strength of …

Persistent link: https://www.econbiz.de/10012469737

Does Venture Capital Spur Innovation?

Kortum, Samuel - 1998

While policymakers often assume venture capital has a profound impact on innovation, that premise has not been … measures of innovation are used in a sample of 530 venture-backed and non-venture-backed firms …

Persistent link: https://www.econbiz.de/10012471966

Endogenous Innovation in the Theory of Growth

Grossman, Gene M. - 1993

This paper makes the case that purposive, profit-seeking investments in knowledge play a critical role in the long-run growth process. First, we review the implications of neoclassical growth theory and the more recent theories of 'endogenous growth'. Then we discuss the empirical evidence that...

Persistent link: https://www.econbiz.de/10012474415

Innovation, Imitation, and Intellectual Property Rights

Helpman, Elhanan - 1992

analysis proceeds in stages. It begins with an exogenous rate of innovation in order to focus on the first two components. The … last two components are added by endogenizing the rate of innovation. Finally, the paper considers the role of foreign …

Persistent link: https://www.econbiz.de/10012474898