affect investments in innovation projects as such projects are typically characterized by a high degree of uncertainty …, complexity and specificity. Financing innovation externally is thus likely to be more costly compared to financing of other … investment. Hence, internal sources of financing are crucial for the implementation of innovation projects. However, internal …

costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance … collaborative R&D projects in total R&D projects is associated with a higher probability of product innovation and with a higher … market success of new products. While we can confirm previous findings in terms of gains for innovation performance, we also …

This study investigates how local milieus foster innovation success of firms. We complement the common practice of … availability of highly skilled labor and the proximity to suppliers matters for firms' innovation performance. Interestingly …, location factors obtained from the survey provide a more accurate explanation on how local milieus facilitate innovation …