The paper investigates the link between stock markets and innovation, by focusing on the relationship between firms' innovativeness and their participation in public stock markets. It reviews theoretical and empirical literature on capital structure and going-public decision, combined with insights from innovation studies, to argue that there are no reasons, why a positive relationship between innovativeness and stock market participation should not apply to both manufacturing and services fi...Expand abstract
- WPG 08-24
- Working Papers in Employment, Work and Finance
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Innovation and stock markets: international evidence on manufacturing and services.
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