We document that monetary policy has a substantial impact on innovation activities. After a tightening shock of 100 …-based aggregate innovation index, declines by up to 9 percent in the following 2 to 4 years. Based on previous estimates of the … sensitivity of output to innovation activities, these magnitudes imply that output could be 1 percent lower after another 5 years …

While policymakers often assume venture capital has a profound impact on innovation, that premise has not been … measures of innovation are used in a sample of 530 venture-backed and non-venture-backed firms …

We study why high-priced acquisitions of entrants by an incumbent do not necessarily stimulate more innovation and …

questions about the pro-cyclicality of VC and its implications for innovation, especially in light of the common narrative that … VC is relatively insulated from public markets. We find that the implications for innovation are not benign: innovation … discussion on the nature of innovation across business cycles …

Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for …

public policy objectives, including value-creation, innovation, and competition. A number of novel data-collection methods …, including value-creation, as measured by the likelihood and size of IPOs and M&As, and innovation, as measured by patents. It is …

detailed information on innovation activities and other company characteristics. We analyse the role of venture finance in … influencing innovation strategies. We find that venture capitalists push portfolio companies towards building absorptive capacity … shaping companies' innovation strategies …