Purpose: The purpose of the paper is to study the determinants of firms' innovation effort using the main approaches in strategic management. The authors specifically analyze the joint effects of industry structure and country characteristics on innovation effort while controlling for firm...

This paper deals with the characteristics of two basic elements for the study of innovation in the firm: the concept of technological innovation, which is defined as a flow magnitude; and the concept of technology, which is defined as a stock magnitude. The technological innovation process is...

Purpose: The purpose of this paper is to analyse whether the effect of innovation subsidies on firms' R&D investment varies depending on whether the firm is suffering from financial constraints. Design/methodology/approach: To address this analysis, the authors provide a theoretical model and...