The emergence of new technological fields drives both scientific progress and economic growth. The emergence of technological fields necessitates a movement of knowledge between participants within the field, but little is known about the drivers and dynamics of knowledge diffusion within...

Small-medium enterprises (SMEs) encounter financial constraints when they try to obtain credit from banks. These constraints are particularly severe for innovative SMEs. Thus, developing models for innovative SMEs that provide reliable estimates of their probabilities of default (PD) is...

The literature on organizational learning asserts that external learning is often limited geographically and technologically. We scrutinize to what extent organizations acquire external knowledge by accessing external knowledge repositories. We argue that professional service firms (PSFs) grant...

This paper provides novel empirical evidence on the private value of patents and R&D. We analyze an unbalanced sample of firms from five EU countries - France, Germany, Switzerland, Sweden and the UK in the period 1985-2005. We explore the relationship between firm’s stock market value and...

We take a first look at financial patents at the European Patent Office (EPO). As is the case at the US Patent and Trademark Office (USPTO), the number of financial patents in Europe has increased significantly in parallel with significant changes in payment and financial systems. Scholars have...

Various scholars have tried to focus on growth accounting of specific examples of general purpose technologies (GPTs). However, what are the factors that might make a GPT succeed or fail once the invention has been "triggered?" This article is a preliminary answer to this question and attempts...