This paper reviews the literature on the role of public equity markets in the innovation ecosystem. The review highlights the importance of public equity markets in funding the research and development activities of young and high growth firms. It also illustrates the dependence of venture...

This paper examines the effect of foreign direct investment (FDI) on domestic innovation based on a data set covering the pharmaceutical industries across 29 provinces in the People's Republic of China (PRC) over the period 1998-2007. We show that there is a negative horizontal spillover effect...

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...

In this paper, I examined how the People's Republic of China (PRC) and India, two largest transitional economies in Asia, have engaged in improving their innovation capability in the economic transition. First, I measured and compared innovation capability of both countries by using not only...

The increasing number of food safety problems occurring worldwide in recent years has heightened consumers' food safety awareness and has caused public distrust of the increasingly complex and globalized food production and trading system. Establishing a food traceability system could improve...

As the countries of Europe have successfully managed to move the region's integration forward step by step, the European experience offers three possible models for regional integration with different depths: a free trade arrangement, a single market, and a common currency area. In this paper,...

Thermal Energy Storage (TES) and Demand Response (DR) offer unique benefits to reducing the electricity consumption, carbon emission, investment, and operational cost of generating cooling energy by bridging the gap between cooling energy demand and production. To provide comprehensive guidance...

Digital technology has rapidly transformed the PRC's economy over the past decade, especially in areas of e-commerce and digital finance. In many ways, digital technology changes the pattern of economic operation, as it enlarges business scale, increases economic efficiency, improves user...

Prior research shows that technology spillovers across firms increase innovation, productivity, and value. We study how firms finance their own growth stimulated by technology spillovers from their technological peer firms. We find that greater technology spillovers lead to higher leverage. This...

This paper aims to examine how the diversity of global engagement is related to firms' participation in innovation input and output activities in the Malaysian manufacturing sector. The study uses firm-level data obtained from the World Bank's Enterprise Survey 2015. Firms are classified into...