production technologies with implications for innovation and technological change …

more opaque firms seeking financing. Our study contributes to the understanding of the nuanced role of innovation in …

innovation based on the exploitation of existing knowledge, while disincentivizing innovation that explores new areas and breaks … documenting the positive effect of technology spillovers in increasing firms' overall innovation outputs; they highlight potential …

between imitation and innovation. Using US patent data for the period 1977-2005, we find that there are inverted U …-shaped relationships between the degree of industry-level technological imitation and industry-level innovation activities and between the … degree of industry-level technological imitation and the value of firm-level innovation. Our results suggest that positive …

develop disruptive innovation such as blockchain to deal with our global climate change challenges and the positive impact of …

, innovation. Using a Schumpeterian growth model in which firms' dynamic R&D and financing choices are endogenously determined, we … demonstrate that this second effect always dominates, so that debt fosters innovation and growth at the aggregate level. Our paper …-industry variation in leverage and innovation …

market share across firms when assessing creditworthiness. The model is able to capture features of innovation and diffusion …

When innovation is cumulative, patent protection on early inventions can generate holdup problems if later …-on innovations. The positive innovation effect is strongest for concentrated overlapping ownership and for the cases in which …

-technological innovation. In a sample consisting of 55 countries, we measure FX uncertainty using the unexpected FX volatility and then show … currency derivatives to hedge effectively mitigates the impact of FX uncertainty. We show that the negative FX uncertainty-innovation …