Financing innovation

What is it about?

This article presents a bibliometric analysis of the financing of innovation during the period 2001–2016. Among the most prominent journals in the field are Research Policy, Technovation and Small Business Economics; among the most influential authors are Petersen, Hall, Himmelberg, Lerner and Brown; and the most connected documents are those by Hall (2002) and Brown, Fazzari, and Petersen (2009). The field is fragmented and uses a variety of financial theoretical models. Salient topics in the field are financial constraints, funding sources (internal and external), capital structure, venture capital and financing of technology companies.

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Why is it important?

In this manuscript, we conducted the first bibliometric analysis of the field of financing innovation. The study uses standard indicators and bibliometric techniques on the Web of Science (Core Collection) database from 2001 to 2016. A novel ‘extra-corpus approach’ for identifying the main authors and works is introduced. The work further documents the main journals in the field, the documents that ‘best cover the field’, the most prolific authors, countries and institutions, and the main research trends.

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