investment encouraged by poor supervision and the resulting moral hazard problem. Surprisingly however there is little firm …

-improving product innovation. We explicitly introduce product market characteristics into the analysis with the aim to identify their … capitalist. The entrepreneur has incentives to distort the innovation strategy so as to make an IPO the preferred exit. We derive …

financier. Qui à raison Schumpeter qui argue que : 'les institutions financières sont nécessaires à l’innovation technologique …

There is much talk of the knowledge economy, and the central role of ideas and knowledge in generating economic growth … output or higher rates of growth. Ideas are complementary inputs into production, in the sense that they raise the …. For investments in ideas to generate output growth, these complementarities must be particularly strong. I conclude with …

heterogeneity suggest evidence of significant misallocation, especially in external financing of investment. While these results …

general models like multi-factor CAPM and arbitrage pricing theory (APT) models could be more appropriate models for analysing …

One of the central explanations of the recent Asian Crisis has been the problem of moral hazard as the source of over-investment …

In this paper we empirically analyse the linkages among growth, investment and reforms in the South East Asian … capital and structural reforms for the growth prospects of the economies. These factors have shown a strong effect on growth … and have contributed greatly to the growth process for north Africa countries and the non CFA sub Sahara African countries …