Real options investment theory predicts current investment falls asuncertainty about market returns increases. In the case of R&D investment,which is usually considered an irreversible form of investment, this effectshould be quite pronounced. This paper tests the real options predictionabout...

The literature suggests that public research and development (R&D) subsidies mayreduce market failures affecting private R&D investment caused by incompleteappropriability of knowledge and financial constraints due capital marketimperfections. Drawing on the theory of investment under...

Drawing on a longitudinal database of Belgian firms over the years 2014-2020, this study investigates the joint effect of R&D grants and R&D tax credits on R&D inputs and innovation outputs. We estimate Conditional Difference-in-Difference (CDiD) models and apply both treatment effects...

We investigate the effects of different channels of industry-science collaboration on new product sales at the firm-level and whether government subsidies for collaboration make a difference. We distinguish four collaboration channels: joint R&D, consulting/contract research, IP licensing, human...

Wir diskutieren die Faktoren für eine erfolgreiche Umsetzung eines Systems desbetrieblichen Vorschlagswesens und anderer Maßnahmen zur Stimulierung desInnovationserfolgs. Im Anschluss wird die Wirkung des betrieblichenVorschlagswesens auf den Innovationserfolg empirisch überprüft....

We analyze financial constraints for R&D, where we account for heterogeneityamong investments which has been neglected in previous literature. According toeconomic theory, investments should be distinguished by their degree ofuncertainty, e.g. routine R&D versus cutting-edge R&D. Financial...

Do academic scientists bring valuable human capital to the companies they found or join? If so, what are the particular skills that compose their human capital and how are these skills related to firm performance? This paper examines these questions using a particular group of academic...

We investigate how intangible capital in form of intellectual property, such as patents, might mitigate financing constraints. While scholars have already argued that patents might have a signalling value reducing information asymmetries between borrowers and lenders, we quantify the value of...

We follow the migration patterns of European inventors and find evidence of a novel emigration determinant: policy uncertainty. We find that policy uncertainty raises the rate of inventor emigration by a notable magnitude. With a one standard deviation in the policy uncertainty of the home...

Previous work suggests a general uncertainty surrounding the migration process acts as a barrier to outmigration. In this paper, we argue that this barrier is exacerbated when relative economic policy uncertainty is higher in the target country and mitigated when relatively higher in the origin...