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Innovation Survey covering the period 1998-2000. The results of our empirical analysis support our theory-based insights. …
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What is the impact of an exogenous crisis on research and development expenditures of innovative new ventures? Existing literature does not provide a clear answer. One view suggests that shrinking revenues and constrained funding reduce firms' R&D intensity. The opposite view argues for...
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We study innovation in newly public firms and find that VC-backing negatively impacts patent production and citations … within the initial years of an IPO. Finding this effect to be more pronounced at firms with higher innovation activity pre …
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