How analyst coverage may affect corporate innovation remains unclear. We suggest that when the manager is myopic due to … pressure from financial analysts and decides to reduce innovation, the firm should retain better innovation projects and forego …

commercialization not found anywhere else, including whether, when and how (acquisition, licensing, existing or new firm) patents were … innovation. The dataset is complemented with indicators of patent quality (patent renewal, forward citations, and patent family …

This paper analyzes innovation races in a moral hazard setting. I develop a model where two competing entrepreneurs …

the average patent, VC-backed innovation is substantially more procyclical than the broader economy. This is driven early …-stage startups, whose innovation in recessions is relatively less cited, less original, less general, and less related to fundamental …

innovation in entrepreneurial firms. Using the NBER Patent Citation database, we find that CVCs help their portfolio firms … achieve a higher degree of innovation productivity, as measured by their patenting, although these firms are younger, riskier … model to analyze the mechanisms through which CVCs nurture innovation to a greater extent than IVCs, and test the …

that venture capital investments stimulate innovation (quot;VC-first hypothesisquot;). This interpretation is, however, one …-sided because there may be a reverse causality that innovations induce venture capital investments (quot;innovation … causality issue of venture capital investments and innovation in the US manufacturing industry using both total factor …

measure of innovation alternative to patent count. Unlike the impact on patent count, we do not find that VC investment …