important role in funding innovation, and they have benefitted from substantial public support and subsidy. While venture … capital is almost synonymous with innovation, the ability of VC markets to catalyze innovations is often overstated. This … Article examines the innovation limitations of VC and the role of law and policy in enhancing its innovative capacity. It …

We study the effect of analyst coverage on firms' innovation strategy and outcome. By considering three different … negative effect becomes not significant when firms' in-house R&D spending and external innovation channels are taken into … account. We find that more financial analysts encourage firms to make more efficient investments related to innovation, which …

Venture capital investors are specialized financial intermediaries that provides funding for technological innovation … capital funding with a company's choice of innovation strategies. We employ a unique dataset of over 10,000 innovative Dutch … companies, some of which received venture financing. The data include detailed information on patent applications, innovation …

direct equity investment to stimulate innovation that is appropriable by the investing firms. At the same time, CVC is also … paper, I analyze corporate venture capital (CVC) investment and innovation performance in the medical device industry. I … investing CVC is diminished if multiple CVCs (competitive CVCs) coinvest in the same startup firm. The suppression of innovation …

Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form … monitored by their corporate sponsors, resulting in less favorable conditions for radical innovation …

Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form … monitored by their corporate sponsors, resulting in less favorable conditions for radical innovation …

. An additional observed advantage of managing the phases separately is that it creates flexibility through an open-innovation …

knowledge in the venturing literature by arguing for an open innovation approach towards the venturing process. That is … contributions. First, we extend prior venturing literature by investigating a more open innovation approach towards venturing that …

This essay explores potential research opportunities at the intersection of institutions, innovation, and impact. We … innovation — but indicates surprisingly little emphasis on impact. We conclude our essay by sketching an impact-focused research … agenda that is both institutionally-informed and innovation-oriented …

There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …