We provide evidence that risk aversion leads pharmaceutical firms to underinvest in radical andnovel innovation. We do …, reducing their willingness to investin potentially valuable radical innovation …

Despite several studies exploring innovation activities in the Philippines, no clear answer has been provided to the … question of whether having foreign linkages can induce knowledge transfer and innovation. This study probes deeper into the … role of foreign linkages to innovation activities of manufacturing firms in the CALABARZON region. Utilizing a probit …