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Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …
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analyse the role of innovation inputs (R&D), intermediate outputs (patents) and outcomes (product and process innovations) as …This paper examines the relationship between firms' innovation activities and the hierarchy of financing behaviours. We … identify the effect of innovation, alongside the size of the firm, its age and its human capital, on the order of directly …
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Using recently collected data on Finnish small businesses, we provide evidence that the debt capacity of growth options, defined as the amount of debt that firms optimally raise for an incremental project, is negative, especially in the information and communications technology (ICT) sector. We...
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This chapter summarizes the basic characteristics of patent data as an innovation indicator and reviews some of the … recent research using patent data, focusing on major developments since Griliches in 1990 [Griliches, Z. (1990). “Patent … availability of patent data on an increasingly global scale and the accompanying global spread of research using patent data. The …
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