Abstract Prior research has analyzed how different ownership types affect firm growth. Yet, so far, we know little about the effect of foundation on This is an important gap as some largest firms in Western and Northern Europe are either fully or partly owned by foundations. Our study addresses this analyzes effects sales employee Based a matched sample foundation- non-foundation-owned from DAC...

In this work, we explore the relations between sales growth and a set of innovation indicators that capture the different sources, modes and results of the innovative activity undertaken within firms. We exploit a rich panel on innovation activity of Spanish manufacturing firms, reporting detailed CIS-type information continuously over the period 2004-2011. Standard GMMpanel estimates of the av...