This paper examines the relationship between investment in innovation and productivity across firms in Ireland. We … relationships between investment in innovation, innovation outputs and productivity. Our results indicate that innovation is … positively linked to productivity. This result holds for all types of innovation and for both R&D and non-R&D expenditures. The …

How do the effects of financial constraints on innovation performance vary by sector and firm characteristics? This … paper uses innovation survey data from 11 European countries to examine the heterogeneity of these effects. Our results …

Innovation scholars highlight the economic benefits to firms, while research findings on the relationship between … innovation output and economic returns remain mixed. In this study, we develop the profiting from innovation (PFI) framework and … address the crucial role of financial constraints in the relationship between innovation output and financial performance. We …

This paper investigates how financial constraints affect a firm's decision on whether to conduct product innovation …. Theoretically, we show that a firm's optimal decision on product innovation is a function of its past decision, financial … of production, which eventually reduces the firm's probability of conducting product innovation. The theoretical …