This paper investigates the relationship between corporate governance (CG) and innovation according to firms’ age by combining insights from the recent strand of contributions analysing CG and innovation with the lifecycle literature. We find a negative relationship between CG and innovation...

The motivation of this discussion is threefold: to integrate transaction costs (TCs) into a standard model of the firm; to examine the interaction between organisational factors (i.e. TCs) and standard demand-cost factors; and to analyse key propositions of transaction cost economics with the...

This paper investigates the impact of eco-innovation on firms' growth processes, with a special focus on gazelles, i.e. firms' showing higher growth rates than the average. In a context shaped by more and more stringent environmental regulatory frameworks, we posit that inducement mechanisms...

The book of Thomas Piketty "Capital in the XXI Century" is ambivalent. On one hand, too simple theoretical reading, basically a-institutional, considers the growth rate as exogenous, and ignores the heterogeneity of capital, making the distribution of income and wealth a technical data without...

L'objet de cet article est de proposer une lecture de l'évolution des faits et des idées économiques, dans la perspective de montrer que les vieilles idées resurgissent sous de nouveaux atours, au point d’en cacher les lacunes et de rendre les crises, non seulement, difficiles à prévoir,...

The explosion of the global financial crisis in 2008 and its transmission to the real economies have been interpreted as calling for new kinds of regulation of the banking and the financial systems that would have allowed reestablishing a virtuous relation between the real and the financial...