Showing 1 - 10 of 927
This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation … efficiency in order to increase profitability. Among firms that have embarked in product innovation, those in the industry and … help to better understand the link between innovation, financial constraints and efficiency, which goes beyond the idea …
Persistent link: https://www.econbiz.de/10012241105
We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing … funds and insurance companies across countries and over time. We also control for the standard determinants of innovation … aggregate (private equity plus R&D) industrial spending, PE accounts for as much as 12% of industrial innovation. We also …
Persistent link: https://www.econbiz.de/10003867027
Using a comprehensive database of European firms, we study how private equity affects the rate of firm entry. We find that private equity investment benefits new business incorporation, especially in industries with naturally higher entry rates and R&D intensity. A two standard deviation...
Persistent link: https://www.econbiz.de/10003963732
Persistent link: https://www.econbiz.de/10010482485
suggests that whilst micro reforms boost innovation, macro reforms may appear negative. We test and find empirical support for …
Persistent link: https://www.econbiz.de/10012508542
We examine the extent to which environmental regulation affects innovation and which policy types provide the strongest … environmental technology innovation. At the firm-level, however, environmental policy tightening leads to higher innovation activity … in technologies mitigating climate change, while the effect on innovation in other technologies is muted. This suggests …
Persistent link: https://www.econbiz.de/10014558850
We study the relation between the structure of nancial systems and carbon emissions in a large panel of countries and industries over the period 1990-2013. We find that for given levels of economic and financial development and environmental regulation, CO2 emissions per capita are lower in...
Persistent link: https://www.econbiz.de/10012104466
Phenomena such as the Great Moderation have increased the attention of macro-economists towards models where shock processes are not (log-)normal. This paper studies a class of discrete-time rational expectations models where the variance of exogenous innovations is subject to stochastic regime...
Persistent link: https://www.econbiz.de/10009160033
cost of debt, corporate bond purchases by the central bank stimulate innovation through a wealth transfer to innovative …
Persistent link: https://www.econbiz.de/10012705397
innovation of low-carbon technologies is lower in the EU than in selected peers, and very heterogeneous across member states. We … stimulating green innovation while the role of central banks is limited. …
Persistent link: https://www.econbiz.de/10013285966