evidence on the liability of newness and liability of aging theory that funds' investment skill changes to the positive or … aging theory. Furthermore, the observed diseconomies of life result from older funds pursuing less innovative investment … strategies. The lack of innovation manifests in less performance enhancing trading and fewer investments in hard-to-value stocks …

between innovation and growth in young firms. To this end, this paper develops an augmented YIC categorization that also … includes non-R&D innovators and young firms that conduct R&D but have not yet brought an innovation to the market. Using panel …-R&Doriented YICs, typically focused on the 'Learning by Doing, Using, and Interacting' (DUI) mode of innovation, exhibit a distinct …

theory of the demand for capital and labour, on which most of the econometric models of investment and employment that we …

?s Investment Tests (IT) during the years 1988-1998, we create a panel with information on investment, innovation activity and … self-selected on the basis of their being able to overcome the special difficulties of financing innovation. …

The paper analyses the impact of venture capital finance on growth and innovation activities of young German firms …