stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …

an alternative way to model whether firms export or not, namely as a firm-level decision akin to an investment decision …

set on innovation for a large number of Italian firms over the 1990’s. There is evidence that banking development affects … the probability of process innovation, particularly for small firms and for firms in high(er) tech sectors and in sectors … more dependent upon external finance. The evidence for product innovation is weaker. There is also some evidence that …

firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …

Sharing is a norm in many societies. We present a theoretical model on the trade-off between sharing and investment … patterns: entrepreneurs following an 'insurance regime' comply with sharing norms, are insured but reduce investment in their … firm, whereas entrepreneurs in the 'growth regime' are not insured but take undistorted investment decisions. The choice of …

important implications for the ongoing policy debate over government investment in broadband infrastructure to encourage …