Ayyagari, Meghana; Demirguc-Kunt, Asli; Maksimovic, Vojislav - Economics Research, World Bank Group - 2007
The authors investigate the determinants of firm innovation in over 19,000 firms across 47 developing economies. They … define the innovation process broadly, to include not only core innovation such as the introduction of new products and new … innovation, with those private firms whose controlling shareholder is a financial institution being the least innovative. While …