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"Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across … and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have … restricted standard analysis of the determinants of innovation to consideration of the role of firm characteristics. The authors …
Persistent link: https://www.econbiz.de/10011394228
These proceedings highlight the key findings and public policy lessons that emerged from the Knowledge Economy Forum VII (KEF VII) on Technology Absorption by Innovative Small and Medium Enterprises, held in Ancona, Italy on June 17-19, 2008. Technology Absorption by Innovative Small and Medium...
Persistent link: https://www.econbiz.de/10012557638
SME growth performance and productivity is currently poor, and these related challenges must be simultaneously addressed … finance contributes significantly to SME performance in terms of employment, sales, and investment. Specific interventions in … the form of credit guarantees and credit line financing of financial institutions dedicated to support SME financial …
Persistent link: https://www.econbiz.de/10012557951
"The intensity of recent turbulence in financial markets has surprised nearly everyone. This paper searches out the root causes of the crisis, distinguishing them from scapegoating explanations that have been used in policy circles to divert attention from the underlying breakdown of incentives....
Persistent link: https://www.econbiz.de/10010521003
"Powell, Mylenko, Miller, and Majnoni analyze how data in public credit registries can be used both to strengthen bank supervision and to improve the quality of credit analysis by financial institutions. Empirical tests using public credit registry (PCR) data were performed in collaboration with...
Persistent link: https://www.econbiz.de/10010522892
Persistent link: https://www.econbiz.de/10011393336
"The authors compare the two merger control systems currently employed worldwide: a mandatory system based on merger size threshold and a voluntary system with ex-post monitoring and fines. The voluntary system possesses two informational advantages: (i) the enforcement agency employs more...
Persistent link: https://www.econbiz.de/10011394230
"Microfinance has been heralded as an effective way to address imperfections in credit markets. But from a theoretical perspective, the success of microfinance contracts has puzzling elements. In particular, the group-based mechanisms often employed are vulnerable to free-riding and collusion,...
Persistent link: https://www.econbiz.de/10010522103
"The home equity bias is one of the many puzzles existing in international finance. This puzzle is characterized by the concentration of domestic equity in any investor's portfolio, which is in contradiction with the benchmark of full diversification in a world mutual fund. Based on Admati's...
Persistent link: https://www.econbiz.de/10010522704
Good practices reduce costs and produce timely results; poor practices lead to waste and delays and are often the cause for allegations of corruption and Government inefficiency. Enhanced transparency in procurement through voluntary disclosure under the Right to Information (RTI) Act (2005)' is...
Persistent link: https://www.econbiz.de/10012557907