Policy-makers have become increasingly aware that corporate R&D and innovation are the main drivers of an economy … concludes that policy measures to stimulate corporate R&D and innovation activities should be expressly conceived according to …

market mechanism. As a response, public instruments have been implemented to stimulate private innovation activities. The … Establishment Panel and apply various microeconometric methods to estimate the effect of public measures on innovation activities of …

This study presents a novel empirical approach to identify financing constraints for innovation based on the idea of an … alternatives of use. If they choose additional innovation projects they must have had some unexploited investment opportunities … attribute constraints for innovation not only to lacking financing, but also to firms' innovative capability. Econometric …

This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of … alternatives of use. If they selected additional innovation projects, they must have had some unexploited investment opportunities … that were not profitable using more costly external finance. We attribute constraints for innovation not only to lacking …

non-environmental product and process innovations. The multivariate probit analysis shows that the various innovation … products when the implementation of all innovation types is to be supported. …

This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of …. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were … not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing …

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 …

assess the impact of these different sources on the results of the innovation process. We develop an econometric sequential … model dealing successively with the innovation decision and the nature of innovation and use recent French data coming from … the 1997 Community Innovation Survey. The main results are that innovation is not the result of isolated agents and that …

In the last decades, innovation activity has been defined by an increasing complexity and a faster pace of the … underlying technological change. Accordingly, several studies have shown that competitive systems of innovation benefit from …

recipients' investment is less sensitive to internal liquidity. -- Research and development ; liquidity constraints ; innovation …