We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the … firms farther from the frontier try to imitate more productive technologies. The equilibrium choice leads to a balanced-growth …

We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing … funds and insurance companies across countries and over time. We also control for the standard determinants of innovation … aggregate (private equity plus R&D) industrial spending, PE accounts for as much as 12% of industrial innovation. We also …

indicative of the market frictions associated with early-stage investment in innovation …

funding innovation projects.The authors of the paper have analysed the environment and the factors that influence private …

innovation for equity-dependent firms and increased reliance on external equity. It also improves shareholders' contracting and … monitoring abilities, incentivizing managers to invest innovation. Fixed capital investment, which is less sensitive to …