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I study the relationship between competition and innovation, focusing on the distinction between product and process … innovations. By considering product innovation, I expand upon earlier research on the topic of the relationship between … competition and innovation, which focused on process innovations. New products allow firms to differentiate themselves from one …
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Using a data set of the firms listed on the Neuer Markt in Germany, this paper demonstrates that venture backed firms differ from firms with other financial resources, especially debt. Thus, the results of this study provide evidence for the hypothesis that small and innovative firms are more...
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