), allows for causal interpretation of the relationship between innovation output and labor productivity. We find that knowledge … intensive services benefit from innovation activities in the sense that these activities causally increase their labor …

), allows for causal interpretation of the relationship between innovation output and labor productivity. We find that knowledge … intensive services benefit from innovation activities in the sense that these activities causally increase their labor …

innovation as well as the project´s feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …

manufacturing. Results from our structural models indicate that KIS firms benefit from innovation activities through increased labor … productivity with highly skilled employees being similarly important compared to R&D for creating innovation output in microfirms … firms having a higher probability of initiating innovation activities and of successfully turning knowledge into innovation …