While individual inventors are key to technological progress, it is becoming increasingly necessary for inventors and their firms to exploit information and capabilities outside the firm in order to combine onefs own resources with resources from the external environment. To better understand...

Corporate governance can be defined to be an institution that constrains relations between corporate managers and various stakeholders, including shareholders, creditors, workers, suppliers, and customers. Under this broad definition, corporate governance is a system of various sub-systems that...

This paper reviews the monetary policy in Japan during the "great recession." The paper focuses especially on the conduct of monetary policy when the ZIRP (zero interest rate policy) was in place. The nominal call rate was virtually zero, but we find the monetary policy was not that expansionary...