Studies on capital structure show that firms with below-target debt are more willing to raise debt (if needed) compared to firms with above-target debt. In this paper, I examine how capital structure decisions affect R&D investment policies and firm innovation. I show that firms with...

Studies on capital structure show that firms with below-target debt are more willing to raise debt (if needed) compared to firms with above-target debt. In this paper, I examine how capital structure adjustments affect firm innovation. I show that firms with below-target debt (willing to raise...

Using a recent sample of hi-tech Chinese small and medium-size enterprises (SMEs), we examine whether family-owned businesses (FBs) can show better innovative productivity than non-FBs. We find that family firms produce a higher level of innovative productivity, consuming less innovation input...

We investigate whether credit constraints affect firms' reliance on open innovation strategies. Using data on 7,000 Italian small and medium-sized enterprises, we find that credit restricted firms are 26% more likely to collaborate for innovation than firms not suffering from credit constraints....

Researchers have used patent counts, citation weighted patent counts, as well as research and development spending to measure innovation with, at times, conflicting results. We benchmark the validity of these innovation proxies using a novel data set of appraised tangible and intangible assets....

The subject of investigation includes the issue of adjusting an innovation strategy of an industrial innovation cluster under uncertain behavior of the external and internal environment. With that in mind, a possibility is regarded as to abandon the cluster strategy that has already been...

We argue that scholars in the Austrian tradition of economics should incorporate the notion of a collaborative innovation bloc into their study of spontaneous market order. We demonstrate how successful entrepreneurship depends on an innovation bloc of this kind, a system of innovation that...

The extensive literature on financing innovation pinpoints numerous variables that influence patent activity. Yet, the simultaneous discovery of these covariates makes it difficult to interpret this body of research. We use machine learning techniques to assess the incremental explanatory power...