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 …

, formal training of workers and access to technology through foreign ownership make more difference for productivity of firms …

Innovation is a multilevel phenomenon. Not only characteristics of firms but also environment within which firms … developing countries, we estimate a multilevel model of innovation that integrates explanatory factors at different levels of the …

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

Arrangements to cooperate on innovation facilitate access to external sources of knowledge. Using panel data derived … from five waves of Community Innovation Survey in the Czech Republic, we examine whether firms engage in these arrangements … initiating cooperation on innovation therefore have the potential to induce durable changes in the innovative behaviour of firms. …

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

The aim of this paper is to demonstrate how research on geography of innovation can benefit from multilevel modeling …. Using micro data from the third Community Innovation Survey in the Czech Republic, we quantitatively assess the hypothesis … kinds of firms. The results indicate that quality of the regional innovation system directly influences the likelihood of …