investigates the link between outsourcing and innovation empirically using firm-level data for over 20 emerging market economies …

political risk. We focus on two choice variables, the leverage and the ownership structure of the foreign affiliate, and we … analysis we find that, as political risk increases, the ownership share always decreases, whereas leverage can both increase or …

higher leverage if they are privately-controlled and if they are regulated by an independent regulatory agency. Moreover, we … find that the leverage of these firms has a positive and significant effect on their regulated prices, but not vice versa … privately-controlled firms use leverage strategically to shield themselves against regulatory opportunism. …

We explore the joint determination of product differentiation strategy and corporate leverage in a setting where (i … managerial incentive problems call for high leverage, firms position their products closer to competitors to reduce deadweight …

. We consider a dynamic game in which firms improve both a new and a rival old technology while learning about the relative …

occupations are also a fundamental, but overlooked, driver of innovation. Theory also suggests cities are important for both … the links between creative industries, occupations, cities and innovation at the firm level. This paper addresses this gap … driver of innovation. We find no support for the hypothesis that urban creative industries firms are particularly innovative …