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Entrepreneurship plays a pivotal role for institutional change and economic development in transition and developing economies. Formal and informal institutions in such countries are often sub-par, but rather than being constrained by them, entrepreneurship can often affect institutions and...
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ideas and projects. One of the consequences of the economic crisis is that many companies have reduced their innovation … differences across countries regarding the degree to which the economic crisis has affected firms' innovation investment. It has … been argued that national institutional settings and the structural characteristics of national innovation systems have …
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innovation activities during periods of recession. We empirically analyse what general patterns can be distinguished in this …: some companies have recently reduced their innovation activities significantly, while others maintained them and a third … deceleration of R&D and innovation activities induced by the crisis, but the trend figures remain positive. Driven by the companies …
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