There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

evidence of the balance-sheet effect for small firms at both the intensive and extensive margins. During the crisis, small … survival. The extensive margin accounts for a large fraction of small firms' adjustment during the crisis. Consistent with many … crisis at both the intensive and extensive margin …

locations. In 12 of these areas, innovation is particularly concentrated in a single, large firm; we refer to such locations as …

Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not …, especially process innovation. Among SMEs, larger and older firms seem to be less productive … capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation …

innovative performance measured as turnover due to innovation, but not between patenting and subsequent employment growth. The … a number of explanations for these findings: most firms are SMEs, many innovations are new to the firm, but not to the …

slow pace of labor productivity growth that has prevailed since the mid-2000s. Does that result indicate that … mismeasurement of high-tech products has limited implications for patterns of economic growth? The answer in this paper is “no.” We … pattern of MFP growth across sectors. In particular, we show that correcting this mismeasurement implies faster MFP growth in …

We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries … characteristics and innovation activities. We find uniformly higher rates of innovation in immigrant-owned firms for 15 of 16 … different innovation measures; the only exception is for copyright/trademark. The immigrant advantage holds for older firms as …