quantity of medical innovation. Analyzing whether inventions emphasize cost and/or quality requires generating new data. We do …

impediment to corporate innovation. By contrast, without technological spillovers, innovation has the effect of stealing market … share from rivals; in that case, more common ownership reduces innovation. Empirically, the association between common … ownership and innovation inputs and outputs decreases with product market proximity and increases with technology proximity. The …

divestment to combat climate change. Will it work? This chapter explores whether divestment might induce green innovation, a … critical component of transitioning to a cleaner economy. Divestment could theoretically steer innovation by increasing the … investment opportunities. I argue that continuing to invest in dirty industries could drive green innovation conditional on …

disaggregates "R" from "D" to study how US firms adjust their innovation investments in response to an external increase in funding …

through their parent firms' networks of innovating plants. Cross-cluster innovation spillovers do not depend on the physical … physical distances. To rationalize these findings, and to inform policy, we develop a tractable model of spatial innovation … that features both within- and cross-cluster innovation spillovers. Based on our model, we derive a sufficient statistic …

since the mid-1930s when banks invented the term loan. Concurrently, bank innovation first involved the invention of credit … analysis and covenant design. Later, bank innovation included the advent of loan sales, increased loan syndications, the … calibrate a model of bank innovation to determine the quantitative contribution of bank innovation to economic growth …

We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This … related to innovation. We highlight the new literature on learning and experimentation across multi-stage innovation projects … innovation and changing external conditions, especially reduced experimentation costs …

This paper examines the relationship between innovation and firms' dependence on external capital by analyzing the … innovation activities of privately-held and publicly-traded firms. We find that public firms in external finance dependent … in internal finance dependent industries do not have a significantly better innovation profile than matched private firms …