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...

Determining the research and development (R&D) boundaries of the firm as the choicebetween internal, collaborative and external technology acquisition has since long been amajor challenge for firms to secure a continuous stream of innovative products or processes.While research on R&D...

Both M&A and innovation are instruments for growth and competitive advantage.Therefore they are fundamental to each firm’s competitive strategy. Usually, both instrumentshave been studied separately, but much less in conjunction. This is unfortunate as bothprocesses - the process of innovation...