affect investments in innovation projects as such projects are typically characterized by a high degree of uncertainty …, complexity and specificity. Financing innovation externally is thus likely to be more costly compared to financing of other … investment. Hence, internal sources of financing are crucial for the implementation of innovation projects. However, internal …

innovation and employment growth in Germany. The model is tailor-made for analysing firm-level employment effects of innovations … using specific information provided by CIS data. It establishes a theoretical link between employment growth and innovation …

This paper explores the role of R&D worker mobility on innovation performance. As one main novelty, we employ churning … innovation through inter-firm knowledge spillovers and improved job-match quality up to certain threshold. The point when costs …

Recent years have shown a surge of firms globalising their innovation activities in order to gain from international … stronger dispersed international R&D activities hamper or stimulate innovation. Second, we employ two well-established market …-based indicators for innovation (introduction of and sales growth rates due to new products) instead of looking at inventions (patents …

’ innovation activities. Employing data from a representative sample of German firms, we find consistently with real options theory … that negatively affected firms substantially reduced R&D and other innovation expenditures not only in the first year of … the pandemic (2020), but also in the two subsequent years indicating ’Long–Covid’ effects on innovation. Furthermore …

Recent empirical evidence has shown that firm's innovation behavior exhibits high persistency but not much is known … environment and asks how local knowledge spillovers affect firms' innovation persistence. The empirical analysis draws upon a … former evidence that persistency in innovation is driven by true state dependence. More importantly, we find that the local …