This paper studies the impact of research and development (R&D) and innovation on employment growth, focusing on small … and medium-sized firms. Employment effects of R&D and innovation are unclear a priori as process innovation may be labor … both R&D and innovation increased employment growth, suggesting that innovation was either capital-saving or labor had …

finance availability constraints actually spurred innovation. Finally, the economy-wide effects of greater economic freedom …

knowledge and resources required for innovation. Innovation is a particular challenge in emerging markets because of inadequate … necessary for innovation in the context of inadequate external institutions. Specifically, we hypothesize that ownership type … diversity improves innovation performance and that increasing ownership concentration has the same effect, but only up to a …

In the present study we investigate the relationship between foreign ownership and innovation activities using the firm …-level data of the third Community Innovation Survey (CIS) covering 12 European countries. Probit estimates based on 28,000 firms …

' signaling-driven investment, despite the risk of buying a bad innovation. We finally show at what point the presence of active … venture capitalists increases the incentives for entrepreneurial innovations. -- venture capitalists ; innovation …

Although there seems to be consensus in the literature that venture capital investors increase the innovation output of … from seven European countries, we investigate which form of venture capital is most supportive of innovation. Our results … suggest that in companies financed by syndicates and by private venture capital investors, the innovation output increases …

' signaling-driven investment, despite the risk of buying a bad innovation. We finally show at what point the presence of active …

aggressive development of a basic innovation by better informed venture-backed firms is used as a signaling device to enhance the … sale price of the innovation. We then show that incumbents can undertake early, preemptive, acquisitions to prevent such … signaling driven overinvestment, despite the risk of buying a non-productive innovation. Therefore, to exist in equilibrium …