traditional investors. The analysis is performed within a two-period, two-state signaling model with information asymmetry between …

out in May/June 2007 among Lower Saxon businesses. The paper discusses the eventual effects of subsidies for innovation by … exist between subsidised and non-subsidised businesses, implying that programs for subsidies for innovation are only … comparing businesses that have received subsidies in the past and non-subsidised businesses. In particular, attention is given …

This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their …

There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

innovation-related initiatives, one of which was the National Cooperative Research Act (NCRA) of 1984. It has been argued that …

Innovation has become a central theme and challenge in the literature of entrepreneurship, SMEs management, and … strategic knowledge management and in the literature of organizational learning. Innovation needs a business environment that is … conducive to long-term investments in new business activities. This way, the development of innovation policy in SMEs forms an …

What is meant by entrepreneurship, innovation and economic growth is often not clear or very idiosyncratic. This paper … starts with a discussion of the nature of entrepreneurship and its relation to innovation. The second section provides an … overview of theory and empirical research on the relation between entrepreneurship, innovation and economic growth. The paper …