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Innovation, Dynamic Regions and Regional Dynamics

Karlsson, Charlie; Andersson, Åke E; Cheshire, Paul; … - Centre of Excellence for Science and Innovation … - 2007

This paper analyses the aspects of spatial economics that deals with innovation, regional specialization and dynamic … systems of functional regions and in particular the contributions made by the economist Börje Johansson. The innovation aspect … consists of innovation networks, knowledge sources and knowledge sinks, cost and innovation of product characteristics and …

Persistent link: https://www.econbiz.de/10005206977

Impact of Economic Crises on Innovation Activity: Firm Level Evidence from Patent Data

Martinsson, Gustav; Lööf, Hans - Centre of Excellence for Science and Innovation … - 2009

Based on data from of 2,700 Swedish manufacturing firms, observed through the period 1997-2005, this paper shows that internal finance resources, measured by cash-flow, affect the propensity to apply for a patent as well as the number of patent applications. From a business cycle perspective,...

Persistent link: https://www.econbiz.de/10008506820

Internal Finance and Patents - evidence from firm-level data

Martinsson, Gustav; Lööf, Hans - Centre of Excellence for Science and Innovation … - 2009

We find that internal finance resources at the firm-level, measured by cash flow, play a non-trivial role for the number of patent applications, even after controlling for the standard variables of a patent study. The results are based on estimating panel count-data models on a sample of 2,700...

Persistent link: https://www.econbiz.de/10008546345

Firm Collateral and the Cyclicality of Knowledge Intensity

Martinsson, Gustav - Centre of Excellence for Science and Innovation … - 2008

The Schumpeterian view on Business cycles treats recessions as a cleansing mechanism and a state where firms can regroup and innovate. Firms need to access finance externally in order to compensate declining cash flow in recessions. Due to financial frictions, the literature proposes that firms...

Persistent link: https://www.econbiz.de/10005644894

Law, Stock Markets, and Innovation

Brown, James R.; Martinsson, Gustav; Petersen, Bruce C. - Centre of Excellence for Science and Innovation … - 2015

We study a broad sample of firms across 32 countries and find that strong shareholder protections and better access to stock market financing lead to substantially higher long-run rates of R&D investment, particularly in small firms, but are unimportant for fixed capital investment. Credit...

Persistent link: https://www.econbiz.de/10011124341

Equity Financing and Innovation: is Europe different from the United States?

Martinsson, Gustav - Centre of Excellence for Science and Innovation … - 2009

During the mid and late 1990s young, high-tech firms in the U.S. experienced a supply shift in both internal and external equity fueling a finance driven boom in corporate R&D. I estimate dynamic R&D regression models for high-tech firms, separately for the U.K. and Continental Europe, and find...

Persistent link: https://www.econbiz.de/10004969810