This paper characterizes the innovation strategy of manufacturing firms and examines the relation between the … innovation strategy and important industry-, firm- and innovation-specific characteristics using Belgian data from the Eurostat … Community Innovation Survey. In addition to important size effects explaining innovation, we find that high perceived risks and …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable … sharp reduction in the firm's innovation response to exogenous demand shocks for firms just below the regulatory threshold …. We then quantitatively fit the parameters of the model to the data, finding that innovation at the macro level is about 5 …

existence of complementarity. We use our empirical methodology to analyze complementarity between innovation activities … external knowledge acquisition are complementary innovation activities, but that the degree of complementarity is sensitive to … research centers as an information source for the innovation process--as an important contextual variable affecting …