This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of … 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, but also to …

This paper examines how foreign-owned and domestically owned firms transform innovation into employment growth. The … between the two groups: Due to general productivity increases and process innovation, foreign-owned firms experience higher … job losses than domestically owned firms. At the same time, employment-creating effects of product innovation are larger …