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The political economy of financial systems

Haber, Stephen H.; Perotti, Enrico C. - 2008

This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...

Persistent link: https://www.econbiz.de/10011374399

Human capital, firm capabilities, and innovation

Bhaskarbhatla, Ajay; Hegde, Deepak; Peeters, Thomas - 2017

Are differences in inventor productivity due to differences in inventors’ skills or differences in the capabilities of … for serial correlation in inventors’ productivity. We apply an econometric technique developed by Abowd, Kramarz, and … Margolis (1999) to decompose the contributions of inventors’ human capital and firm capabilities for productivity. Our …

Persistent link: https://www.econbiz.de/10011772909

Regulating the financial cycle : an integrated approach with a leverage ratio

Schoenmaker, Dirk; Wierts, Peter - 2015

We propose a regulatory approach for restricting debt financing as an amplification mechanism across the financial system. A small stylised model illustrates the trade-off between static and time varying limits on leverage in dampening the financial cycle. The policy section proposes its...

Persistent link: https://www.econbiz.de/10010532609

Allocation of human capital and innovation at the frontier : firm-level evidence on Germany and the Netherlands

Bartelsman, Eric J.; Dobbelaere, Sabien; Peters, Bettina - 2013

Persistent link: https://www.econbiz.de/10010191380

R&D decisions and productivity growth : evidence from Switzerland and the Netherlands

Dobbelaere, Sabien; König, Michael D.; Spescha, Andrin; … - 2023

examines reasons for this divergence and its impact on productivity growth. Our micro-data reveal R&D concentration among high-productivity … prioritize enhancing innovation and imitation success over cost reduction to boost productivity growth. …

Persistent link: https://www.econbiz.de/10014446430

Micro moments database for cross-country analysis of ICT, innovation, and economic outcomes

Bartelsman, Eric J.; Hagsten, Eva; Polder, Michael - 2017

This paper provides technical documentation to a database built up from firm-level sources titled Micro moments database(MMD) that is made available for researchers through Eurostat. The MMD is an internationally harmonized research database of statistical moments collected from linked...

Persistent link: https://www.econbiz.de/10011583471

Radical innovation and network evolution

Phlippen, Sandra; Riccaboni, Massimo - 2007

This paper examines how a radical technological innovation affects alliance formation of firms and subsequent network structures. We use longitudinal data of interfirm R&D collaborations in the biopharmaceutical industry in which a new technological regime is established. Our findings suggest...

Persistent link: https://www.econbiz.de/10011372508

Mergers and innovation portfolios

Moraga-González, José Luis; Motchenkova, Evgenia; … - 2019

This paper studies mergers in markets where firms invest in a portfolio of research projects of different profitability and social value. The portfolio nature of the investment problem brings about novel insights on the external effects of firms' investments. The investment of a firm in one...

Persistent link: https://www.econbiz.de/10012137259

Maintenance costs, obsolescence, and endogenous growth

Berden, Koen G.; Marrewijk, Charles van - 2001

becomenegative and the firm stops producing the variety. This diminishes the life span of innovations,thus reducing the return on …

Persistent link: https://www.econbiz.de/10011317468

The Schumpeterian entrepreneur : a review of the empirical evidence on the antecedents, behavior, and consequences of innovative entrepreneurship

Block, Jörn; Fisch, Christian; Praag, Mirjam van - 2016

Innovative entrepreneurship is considered an important pillar for economic development and has sparked a lively discussion in academia and practice alike. Oftentimes, however, the debate is not sufficiently grounded on solid empirical evidence. The academic literature is growing but very...

Persistent link: https://www.econbiz.de/10011531131