innovation, licensing of technology, and training of employees fail to have any impact; only foreign ownership, ISO certification …

We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …

Using a unique panel data of Dutch innovation and financial variables we empirically investigate how financing and … innovation vary across firm characteristics. The study also tries to gauge the extent of market failure due to the presence of …, debt financing and innovation choices are not independent of firm characteristics such as age, size, and existing leverage …

This paper proposes a framework to account for innovation similar to the usual accounting framework in production … analysis and a measure of innovativity comparable to that of total factor productivity. This innovation accounting framework is … illustrated using micro-aggregated firm data from the first Community Innovation Surveys (CIS1) for seven European countries …

Using a unique panel data of Dutch innovation and financial variables we empirically investigate how financing and … innovation vary across firm characteristics. The study also tries to gauge the extent of market failure due to the presence of …, debt financing and innovation choices are not independent of firm characteristics such as age, size, and existing leverage …

In this paper we examine the importance of financial and other obstacles to innovation in the Netherlands using … statistical information from the CIS 3.5 innovation survey. We report results on the effect of these obstacles on the firms …

In developing countries, innovation is to a large extent a matter of adoption of advanced technologies but also of … developing countries, examines the roles of internal R&D efforts (MAKE) and external technology sourcing (BUY) in fostering … developed countries? Our empirical investigation highlights the critical role of external technology acquisition in …