This study employs the fixed effects identification strategy to examine the differential effects of financial institutions vs. financial markets on technological innovation in understudied African markets using a large country-industry sample. We provide evidence that the incentive effect of...

We analyze the real effects of the environmental regulation on technological innovation using a sample of Chinese firms. We leverage the Air Pollution Prevention Policy as a quasi-natural experiment that is plausibly exogenous to the firms’ innovation policy and use the difference in...

In this paper, we investigate how management team R&D experience affects corporate innovation. A finer-grained empirical analysis supports that firms led by managers with R&D hands-on experience are associated with high innovation productivity. Using the mediation effect models, we uncover three...

We examine the impact of economic policy uncertainty on innovation using cross-country industry data and how country institutions moderate this relationship. Our findings show that economic policy uncertainty impedes innovation output and quality. Our study uncovers three economic mechanisms...