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 …

We analyze how expropriation risk reduces incentives for innovation and reallocates resources from the innovative … risk, such as corruption, negatively impacts innovation by reducing R&D expenditure, human capital in R&D, number of … highlight the detrimental effects of expropriation risk on innovation and economic development at the country level …