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Innovation and Institutional Ownership
Aghion, Philippe; Reenen, John Van; Zingales, Luigi - Fondazione ENI Enrico Mattei (FEEM) - 2010
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...
Persistent link: https://www.econbiz.de/10008642166
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Innovation and Productivity - Evidence from Six Latin American Countries
Crespi, Gustavo; Zuniga, Pluvia - Inter-American Development Bank - 2010
This study examines the determinants of technological innovation and its impact on firm labor productivity across six … technological advances, and those that innovate have greater labor productivity than those that do not. Yet firm-level determinants … productivity, however, highlight the importance of innovation in enabling firms to improve economic performance and catch up. …
Persistent link: https://www.econbiz.de/10008677811
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Transition to a functional financial safety net in Latin America : paper prepared for the Inter-American Development Bank Conference on "Safe and Sound Financial Systems: What Work...
Garber, Peter M. - Conference "Safe and Sound Financial Systems: What … - 1997
The basic worldwide financial safety net architecture provides for a system of similar institutions: a lender of last resort, deposit insurance, and prudential regulation. In countries whose banking systems suffer seriously from negative capital positions and overbanking, such as in some Latin...
Persistent link: https://www.econbiz.de/10011543262
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How should financial institutions and markets be structured? : analysis and options for financial system design ; prepared for "Safe and sound financial systems: what works for Lat...
Kaufman, George G.; Kroszner, Randall S. - Conference "Safe and Sound Financial Systems: What … - 1997
This paper analyzes the consequences of alternative financial structures for financial efficiency and stability. The focus is on the organizational structure of banks. Alternative bank structures range from "narrow banks" to broad "universal banks". Each banking structure is assessed in its...
Persistent link: https://www.econbiz.de/10011541581
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Safe and sound financial systems : what works for Latin America
Rojas-Suárez, Liliana (contributor) - 1997
Persistent link: https://www.econbiz.de/10013552074
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Intellectual Property Rights and Biotechnology: How to Improve the Present Patent System
Musu, Ignazio - Fondazione ENI Enrico Mattei (FEEM) - 2005
are two types of problems to consider. First, the aim of protecting property rights on innovations is to create incentives … solved, as sometimes is suggested, by denying protection of property rights on innovations, but by improving the procedures …
Persistent link: https://www.econbiz.de/10005385494
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The Environment and Directed Technical Change: Comment
Hourcade, Jean-Charles; Pottier, Antonin; Espagne, Etienne - Fondazione ENI Enrico Mattei (FEEM) - 2011
This paper discusses the growth model with environmental constraints recently presented in (Acemoglu et al., 2011) which focuses on the redirection of technical change by climate policies with research subsidies and a carbon tax. First, Acemoglu et al.'s model and chosen parameters yield...
Persistent link: https://www.econbiz.de/10009421239
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Innovation, R&D Investment and Productivity: Uruguayan Manufacturing Firms
Cassoni, Adriana; Ramada, Magdalena - Inter-American Development Bank - 2010
innovation were found to be significant, promoting a non-negligible acceleration of labor productivity gains. However, the … respect to products on labor productivity. However, the degree of novelty of process innovation is significantly inferior to …
Persistent link: https://www.econbiz.de/10008598655