Innovation Strategies of Private Firms Gao, H., Hsu, P.-H., & Kai Li. (2018). Innovation strategy of private firms. Journal of Financial & Quantitative Analysis, 53(1), 1–32.
This article compares innovation strategies of public and private firms based on a large sample over the period 1997-2008. The authors note that strategies are due to differences in firm information environments, CEO risk preferences, firm life cycles, corporate acquisition policies, or investment horizons.