Skilled labor is a key input to the innovation process. A shortage in supply of skilled labor may hence impede … innovation activities, resulting in lower productivity gains. While governments are concerned about these likely negative impacts …, there is only limited empirical evidence whether and to what extent labor shortage affects innovation activities. The paper …

We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite … with career-concerns, where institutional owners increase managerial incentives to innovate by reducing the career risk of …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …