research has not found conclusive evidence of a ‘finance gap'. Moreover, it is not clear to what extent innovation aggravates … financial constraints and what role innovation inputs, processes and outputs play in the market for external capital. In this … paper we analyze how firm-level innovation affects 1) the likelihood of seeking external finance and 2) the likelihood of …

In this paper, we investigate how going private affects corporate innovation activities. We compare the innovation … activities of firms that went private to the innovation activities of firms that received a going-private offer but stayed as … public for reasons unrelated to innovation. Using patent-based metrics, we find that the scale of innovation grows after …