Showing 1 - 10 of 94
selling less opaque loans, using signaling devices (i.e. retaining a share of the equity tranche of the ABSs issued by the SPV …
Persistent link: https://www.econbiz.de/10008867443
The economic performance of a country depends, among other things, on the strategies and structures of its firms. In the framework that is designed by institutions and policies and determined by technology and macroeconomic cycles, entrepreneurs decide how to allocate available resources in...
Persistent link: https://www.econbiz.de/10009364468
The information content of stock prices is analysed without imposing strong restrictions on traders' preferences and the distribution of dividends. Noise in the information contained in equilibrium prices arises from endogenous asset supply, which offsets price movements due to informed trading....
Persistent link: https://www.econbiz.de/10011099648
Is deregulation sufficient to grant free entry in local credit markets? Economic theory suggests at least two ways in which asymmetric information between incumbents and entrants can work as an endogenous barrier to entry. First, entrants� pool of applicants contains a larger share of...
Persistent link: https://www.econbiz.de/10005113666
Linguistic and cultural differences, different legal and supervisory frameworks, relationship lending have been repeatedly mentioned as barriers to European retail banking integration. We investigate whether these barriers have affected integration within national boundaries, using an index of...
Persistent link: https://www.econbiz.de/10005609391
The lag in innovation in Italy vis-�-vis the other main industrial countries is one of the effects of the … suitable than debt for financing innovation, is less common than in other countries. Public incentives for firms have had … modest results. To enhance the capacity for innovation some actions should be taken to help firms grow, adopt a more …
Persistent link: https://www.econbiz.de/10011099601
guidelines from the Lisbon Agenda, there has been an upturn in regional legislative activity concerning innovation, leading to a … in the southern regions account for nearly all the resources devoted to fostering innovation. This paper presents a … summary indicator, consisting of three "sub-indicators" approximating, respectively, the input of the innovation process …
Persistent link: https://www.econbiz.de/10011105104
The paper explores the long run evolution of Italy's performance in technological innovation as a function of … study is based on a newly constructed dataset, over the 1861-2009 period, composed of variables related to: innovation … by econometric assessment, the significant contribution of foreign technology both to innovation activity results and to …
Persistent link: https://www.econbiz.de/10010548014
The paper explores the long run evolution of Italy's performance in technological innovation as a function of … study is based on a newly constructed dataset, over the 1861-2009 period, composed of variables related to: innovation … by econometric assessment, the significant contribution of foreign technology both to innovation activity results and to …
Persistent link: https://www.econbiz.de/10009364460
presents some empirical evidence on the effects of innovation on employment growth and therefore on firms� productivity with … process innovation. The sources of employment growth during the period are split equally between the net contribution of … product innovation and the net contribution from sales growth of old products. However, the contribution of product innovation …
Persistent link: https://www.econbiz.de/10005770776