exhaustively explain innovation, the role of ownership competence, profits, the function of financial markets, wealth and income … theoretical basis for the importance of new venture creation as a source of innovation-driven growth; entrepreneurs must establish …

among firms that undertake innovation through knowledge use rather than through knowledge generation. …The beneficial effects of innovation for firms' performance and competitiveness are well documented, but it has been … suggested in recent years that innovation regimes differ between advanced and emerging economies. While advanced economies rely …