facilities that include external sources of information into the innovation process. This trend towards an open innovation … in external R&D allow fast adaptations within the innovation process in case of changing market trends or radical … innovations. Furthermore, opening up the innovation process simplifies an integration of required know-how from another industry …

agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This … managerial incentives with the owners' goals, as agency theory predicts, it also grants top managers residual control rights to … subsequent competitive advantage. This theory of entrepreneurial governance is tested using patent ownership as a proxy for both …

We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

results on the relation between patenting and innovation size are then confronted with survey data for small European firms …

discusses some of the interpretative achievements stemming from e.g. the economics of innovation, industrial economics …

As innovation becomes an ever more central issue for the development of firms and world economies, so the need for … capturing relevant aspects of innovation phenomena and the process of industrial change. We propose trademarks as a … complementary indicator in the portfolio of available empirical tools of innovation studies and industrial dynamics. Our empirical …

The literature on R&D contests implicitly assumes that contestants submit their innovation regardless of its value …