This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of … they selected additional innovation projects, they must have had some unexploited investment opportunities that were not … profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing, but also to …

The theoretical effects of labor regulations, such as employment protection legislation (EPL), on innovation is … to require adjustment, including technologically advanced innovation. In this paper, we find empirical evidence that …