Showing 1 - 7 of 7
It is the common understanding that private lenders evaluate and price the debt contract based on the credit rating, default risk and firm characteristics of the borrowing firms. This paper takes a different angel and investigates the extent to which the loan contract incorporates and reflects...
Persistent link: https://www.econbiz.de/10013034593
We exploit a regression discontinuity design to provide causal evidence of the relative age effect (RAE) on a long-run adult age outcome: Political selection. We find strong evidence of the RAE in politics in Finland. However, the effect is heterogeneous: We find that male candidates born early...
Persistent link: https://www.econbiz.de/10012869448
This paper reviews academic research on the connections between agglomeration and innovation. We first describe the … conceptual distinctions between invention and innovation. We then discuss how these factors are frequently measured in the data …, industrial diversity) that theoretical and empirical work link to innovation, and we discuss factors that help sustain these …
Persistent link: https://www.econbiz.de/10012970480
We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This … related to innovation. We highlight the new literature on learning and experimentation across multi-stage innovation projects … innovation and changing external conditions, especially reduced experimentation costs …
Persistent link: https://www.econbiz.de/10013002671
We study the value of innovation in a case study of one of the most visible innovative products in recent years, Apple …
Persistent link: https://www.econbiz.de/10013103677
We investigate the relationship between chief executive officer (CEO) compensation and innovation. In an empirical … positively related to patents and citations to patents. In addition, convexity of options has a positive effect on innovation. We … long-term commitment and protection from failure are more suitable for innovation …
Persistent link: https://www.econbiz.de/10013067188
The developed world exhibits substantial but poorly understood differences in the efficiency and quality of low-value payment services. This paper compares payments arrangements in the UK, Norway, Sweden, and Finland, and discusses the impact of network effects on incentives to adopt new...
Persistent link: https://www.econbiz.de/10014223771