The extensive literature on financing innovation pinpoints numerous variables that influence patent activity. Yet, the simultaneous discovery of these covariates makes it difficult to interpret this body of research. We use machine learning techniques to assess the incremental explanatory power...

Corporate innovation propels both company performance and economic growth. Yet, measuring corporate innovation proves to be challenging, leading researchers to rely on a variety of different signals, such as reported R&D expenditures, patent citations and new product announcements. I posit that...

The absence of observable innovation data for a firm often leads us to exclude or classify these firms as non-innovators. We assess the reliability of six methods for dealing with unreported innovation using several different counterfactuals for firms without reported R&D or patents. These tests...