While research and development (R&D) expenditure is crucial in a nation's competitive advantage, factors determining levels of public investment in R&D have yet to be examined. This paper seeks to fill this void, focusing on different democratic institutions such as presidential versus...

Purpose – This study aims to investigate whether research and development (R & D) expenditures drive future innovation in the chemical industry. Design/methodology/approach – This study examines the relation between R & D expenditures for the period of 2000-2002 and the innovation effect...

This paper focuses on the pay level of the highest paid executive directors, which we label as “Executive Director’s Organizational Level” (henceforth EDOL), to raise the question if highest paid CEOs invest heavily in innovative projects. Two-stage least squares (2SLS) regressions show...

This chapter examines how international flows of technological knowledge affect economic performance across industries and firms across different countries. Motivated by the large share of the world's technology investments made by firms that are active across country borders, we focus on...