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One perspective suggests that firms heavily involved in innovation may face increased risks. It is essential to know … the suitable proxies in measuring innovation related to risk taking. Many studies use research-and-development intensity … (RDI) and research-and-development spending (RDS) as proxies for innovation related to risk taking. However, little …
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This paper analyzes the relationship between R&D expenditures, innovation and productivity growth, taking into account …
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