Using a new data set covering a sample of UK firms, 1989-1995, we study the impact of innovation and innovation assets on firm value. We find, for all reporting firms, that the flow of R&D and the use of new technologies (as measured by investment in tangible assets) have significant positive...

There is an extensive literature about the influences on the adoption of new technologies. However, while we often assert the role of qualifications and skills in the innovation and diffusion processes, there has been little formal econometric work in this area. One of the key reasons for this...