Traditional economic studies of innovation, built on the contribution of Schumpeter, cannot explain why firms of the … same size and market power can show largely different innovation performances. Contrastingly, the literature on corporate … governance provides some useful insights for understanding corporate innovation activity, to the extent that such literature …

capital on innovation. After controlling for the potential endogenous relationship between venture capital and innovation, the … results indicate that venture capital fosters innovation but mainly at a later stage. …

capital on innovation. After controlling for the potential endogenous relationship between venture capital and innovation, the … results indicate that venture capital fosters innovation but mainly on a later stage. …

effect of organizational structure on firm value; second, studies on the effect of innovation on firm value. The current …

in hastening or retarding project resolution. In contrast with previous literature, in some cases managers may secretly … reactions, and corporate control. The theory also implies a perverse sorting of high ability managers to conventional activities … and low ability managers to visionary enterprises …

trade credit encourages the innovation activity of the enterprises. However, its impact could be opposite as well. The …