Trunschke, Markus; Peters, Bettina; Czarnitzki, Dirk; … - 2023 - This version: 2.6.2023
-treatment digital capabilities show higher innovation resilience during the pandemic. Moreover, COVID-19 leads to a decrease in …The COVID-19 pandemic has affected firms in many economies. Exploiting treatment heterogeneity, we use a difference … substantially reduced innovation expenditure not only in the first year of the pandemic (2020) but also in the two subsequent years …