We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

that being a generalist does not seem to be important in this regard. Finally, we find that innovation positively moderates …

that being a generalist does not seem to be important in this regard. Finally, we find that innovation positively moderates …

Technological innovation has historically contributed to inclusive economic growth in Germany. In more recent decades …, however, this contribution has weakened due to the declining impact of technological innovation on labor productivity growth … technological innovation to raise labor productivity. This paper identifies three reasons why technological innovation has become …

that there is a strong possibility that the unintended damage to entrepreneurship, innovation and growth could be …

whether extreme events can positively impact (some) entrepreneurship and innovation. Based on this, we propose a partial …

In this paper, we describe the historical co-evolution of innovation and economic growth in Germany since 1871. The … country's rise as an industrial power in the late 19th century, through its innovation and entrepreneurial performance, is … nevertheless a period during which innovation went into relative decline. We document this decline and offer four broad …