This paper studies how the assignment of patents as collateral determines the savings of firms and magnifies the effect … patent and trademark office that minimizes the legal uncertainty surrounding patents as collateral and maximizes the growth …

aggressive development of a basic innovation by better informed venture-backed firms is used as a signaling device to enhance the … sale price of the innovation. We then show that incumbents can undertake early, preemptive, acquisitions to prevent such … signaling driven overinvestment, despite the risk of buying a non-productive innovation. Therefore, to exist in equilibrium …

The paper investigates the trade-off between innovation and defence industrial policy. It presents an agent …

This paper studies the interlinks between innovation inputs and outputs and between innovation outputs and economic … development. Using a panel data-set from 31 regions of China, we show that the difference in regional innovation output can be …

-term orientation and the local embeddedness of family firms suggest a positive effect on regional innovation activity. Yet, despite the … effect of family firms on regional innovation. Using a dataset of 326 German regions, our regressions show that regions with … a higher share of family firms also show higher levels of innovation activity, as measured by the number of successful …

This paper examines the direction of causality between Venture Capital (VC) and innovation (proxied by patents) in … Europe. We test whether causality runs from patents to VC by estimating a linear dynamic panel model and causality from VC to … suggesting that, in Europe, innovation seems to create a demand for VC and not VC a supply of innovation. In this sense …

innovation …

This paper studies the causes and consequences of political centralization and fragmentation in China and Europe. We … argue that the severe and unidirectional threat of external invasion fostered political centralization in China while Europe … faster population growth during peacetime than in Europe. But it also meant that China was relatively fragile in the event of …