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market imperfections. This paper presents micro evidence on the credit market imperfections in Turkey and connects these … imperfections to macro movements. First part of the paper documents the aggregate boom-bust cycles in Turkey and shows that non …
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There has been an explosion of innovation backed by venture capital since late 1970's. Nonetheless, a great deal of innovation still occurs within large companies. In this paper, I investigate the factors that determine when innovation is performed by venture-backed firms and when by large...
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