We develop a model to examine how discount rates affect the nature and composition of innovation within an industry …. Challenging conventional wisdom, we show that higher discount rates do not discourage firm innovation when accounting for the … industry equilibrium. Higher discount rates deter fresh entry-effectively acting as entry barriers-but encourage innovation …

We develop a model to examine how discount rates affect the nature and composition of innovation within an industry …. Challenging conventional wisdom, we show that higher discount rates do not discourage firm innovation when accounting for the … industry equilibrium. Higher discount rates deter fresh entry—effectively acting as entry barriers—but encourage innovation …

We study optimal liquidity management, innovation, and production decisions for a continuum of firms facing financing … spur investment in innovation (R&D). We characterize which firms should substitute production for innovation in the face of …

We study optimal liquidity management, innovation, and production decisions for a continuum of firms facing financing … spur investment in innovation (R&D). We characterize which firms should substitute production for innovation in the face of …

We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing … funds and insurance companies across countries and over time. We also control for the standard determinants of innovation … aggregate (private equity plus R&D) industrial spending, PE accounts for as much as 12% of industrial innovation. We also …

is found on immediate technology transfer. Another result is a significant effect of domestic innovation activity. There … results obtained provide some policy implications and make the case for taking into account domestic innovation activity while …

This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation … efficiency in order to increase profitability. Among firms that have embarked in product innovation, those in the industry and … help to better understand the link between innovation, financial constraints and efficiency, which goes beyond the idea …

This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation … efficiency in order to increase profitability. Among firms that have embarked in product innovation, those in the industry and … help to better understand the link between innovation, financial constraints and efficiency, which goes beyond the idea …

We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing … funds and insurance companies across countries and over time. We also control for the standard determinants of innovation … aggregate (private equity plus R&D) industrial spending, PE accounts for as much as 12% of industrial innovation. We also …