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effect which becomes more pronounced when we account for the endogeneity of innovation. This is the case for three different … count measures of innovation a global measure of innovation and measures for labour innovations and capital innovations. The …
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Many large listed firms offer workers the opportunity to buy shares in the firm at discounted rates through employee stock purchase plans (ESPP). The discounted rate creates a gift exchange, where the firm hopes that workers who accept the gift reciprocate with greater loyalty and effort. But...
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