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The availability of new internationally-harmonized innovation survey data collected from OECD countries has created … some interesting opportunities for studying the following two key areas: (1) the determinants of innovation behavior at … firm level, and (2) innovation as an important factor contributing to the economic growth. This paper looks at the …
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countries. We look at innovation inputs, outputs, and examine how strong foreign-owned enterprises are embedded in the … innovations systems of their host countries. We find that foreign ownership causes no differences in innovation input, but yields … a higher innovation output and higher labour productivity. In four of the five countries, affiliates of foreign …
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This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm's equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
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