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In brief: Two cheers for Anglo-Saxon financial markets?
Aghion, Philippe; Reenen, John Van; Zingales, Luigi - Centre for Economic Performance, LSE - 2012
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …
Persistent link: https://www.econbiz.de/10010549053
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Innovation and Institutional Ownership
Aghion, Philippe; Van Reenen, John; Zingales, Luigi - C.E.P.R. Discussion Papers - 2009
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …
Persistent link: https://www.econbiz.de/10005661518
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Innovation and Institutional Ownership
Aghion, Philippe; Reenen, John Van; Zingales, Luigi - Centre for Economic Performance, LSE - 2009
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …
Persistent link: https://www.econbiz.de/10005670440
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The impact of regulation on innovation
Aghion, Philippe; Bergeaud, Antonin; Van Reenen, John - 2021
Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable … sharp reduction in the firm's innovation response to exogenous demand shocks for firms just below the regulatory threshold …. We then quantitatively fit the parameters of the model to the data, finding that innovation at the macro level is about 5 …
Persistent link: https://www.econbiz.de/10012431121
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Chapter 1. What Do We Learn From Schumpeterian Growth Theory?
Aghion, Philippe; Akcigit, Ufuk; Howitt, Peter - 2014
Schumpeterian growth theory has operationalized Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process that could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10014025596
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Innovation and Institutional Ownership
Zingales, Luigi; Reenen, John Van; Aghion, Philippe - 2009
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …
Persistent link: https://www.econbiz.de/10009431998
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Entry Liberalization and Inequality in Industrial Performance
Aghion, Philippe; Burgess, Robin; Redding, Stephen; … - London School of Economics and Political Science - 2004
Industrial delicensing which began in 1985 in India marked a discrete break from apast of centrally planned industrial development. Similar liberalization episodes are takingplace across the globe. We develop a simple Schumpeterian growth model to understand how…rms respond to the entry threat...
Persistent link: https://www.econbiz.de/10009248837
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Opposing Firm Level Responses to the China Shock : Output Competition versus Input Supply
Aghion, Philippe; Bergeaud, Antonin; Lequien, Matthieu; … - 2022
information at the firm-level, we show that the output shock is detrimental to firms' sales, employment, and innovation. Moreover …, this negative impact is concentrated on low-productivity firms. By contrast, we find a positive effect - although often not … significant - of the input supply shock on firms' sales, employment and innovation …
Persistent link: https://www.econbiz.de/10014264552
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Vertical integration and technology: Theory and evidence
Acemoglu, Daron; Aghion, Philippe; Griffith, Rachel; … - 2004
This paper investigates the determinants of vertical integration using data from the UK manufacturing sector. We find that the relationship between a downstream (producer) industry and an upstream (supplier) industry us more likely to be vertically integrated when the producing industry is more...
Persistent link: https://www.econbiz.de/10010292957
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Vertical Integration and Technology: Theory and Evidence
Acemoglu, Daron; Aghion, Philippe; Griffith, Rachel; … - Institut für Volkswirtschaftslehre, … - 2007
This paper investigates the determinants of vertical integration. We first derive a number of predictions regarding the relationship between technology intensity and vertical integration from a simple incomplete contracts model. Then, we investigate these predictions using plant-level data for...
Persistent link: https://www.econbiz.de/10005628007