Trunschke, Markus; Peters, Bettina; Czarnitzki, Dirk; … - 2023
’ innovation activities. Employing data from a representative sample of German firms, we find consistently with real options theory … that negatively affected firms substantially reduced R&D and other innovation expenditures not only in the first year of … the pandemic (2020), but also in the two subsequent years indicating ’Long–Covid’ effects on innovation. Furthermore …