Digital innovations in banking and payments recently have garnered a great deal of attention. Specifically, distributed ledger technology (DLT) has the potential to fundamentally change the roles and responsibilities of stakeholders in the financial sector. DLT is a novel and fast-evolving...

This paper examines how legally restricted access to banking services affects small and medium-sized enterprises (SMEs) in a highly developed country. Using a mixed-method approach, we examine the unique situation of the US marijuana industry. The industry benefits from the superior...

The majority of research on corporate venture capital (CVC) relies on data retrieved from secondary databases. The various databases however define CVC differently. Generally, researchers rely on the definition of the used database. As a result, empirical CVC research is not readily comparable,...

How does access to banking services affect small firms in highly developed countries? We exploit the unique legal situation of the U.S. marijuana industry that benefits from the superior institutional environment in terms of legal protection and the labor market but has no access to bank lending...

This thesis uses neoclassical growth models to evaluate what effect the limited availability of nonrenewable resources has on the economy’s (world’s) growth potential. Markus Merz concludes that recycling may serve as a mid-term solution to continued growth, but technological progress is...