the importance to the firm of creating (and capturing) value from innovation. We note that the appropriability of returns … with innovation and incomplete markets is to capture value (profit) from its advantages and actions; and that the way in …

In recent years the Russian innovation policy has made a significant progress that manifests in developing its ‘tool … kit', increasing resource base, etc. However it has not yet succeeded in improving business innovation activities that … Russian industrial enterprises the authors analyze key features of innovation in Russian companies under economic recovery, as …

This paper investigates sources of product or process innovation, such as investments in research and development … attention to the effect of research and development in favouring the absorption of new technologies, i.e. the absorptive … of positive absorptive capacity emerges only in firms with low predicted probabilities of introducing innovation. …

The article discusses recent advances and future challenges in innovation studies. First, it separately considers four … main strands of research, studying innovation at the organisational, systemic, sectoral and macroeconomic levels. Then … technological and institutional change; the role of demand; and the impacts of innovation on individual and collective welfare …

The integration process in the European banking sector considerably differs with regard to product types. Deep … integration can be observed in the money market as well as the market for wholesale products. In contrast to that, a strong … integration of the European retail markets. A clear result is that mergers and acquisition as well as cooperations and strategic …

(CAWIs) in 9 cross-border case studies. The results of the SEM analysis positively verified the main hypothesis and provided …