Competitiveness clusters (or innovation clusters) are the focal point of French new industrial policy. They are based … a brief literature review of cluster theory, we focus on the theoretical conditions under which French innovation …

Understanding the factors affecting the direction of innovation is a central aim of research in the economics and … strategic management of innovation. Progress on this topic has been inhibited by difficulties in measuring the location and … movement of innovation in ideas space. To date, most efforts at measuring the direction of innovation rely on curated …

disclosure is negatively associated with corporate innovation. Using a textual analysis of a large sample of 10-K filings for US … firms, we identify a negative relationship between risk disclosure and firm-level investments in R&D and innovation output …, with risk disclosure having a larger impact on innovation among firms with financial constraints. These results suggest …

This paper studies the asset pricing implications of technology spillover, an important externality in innovation … variety, such benefits are procyclical, and investors therefore demand higher returns for holding these stocks. Using patent … firms. These findings highlight the importance of innovation externality on stock returns …

Innovation is fundamentally dependent on the support of research technology. Governments and organizations have been …, our understanding of how specific attributes of research technologies affect the rate and direction of innovation, and … evaluates the role of research technology attributes for the rate and direction of innovation. The model produces empirically …

such applications, a key role is played by complementarities in the process of innovation. …