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networks of connections, including their scale and composition. We find that all country networks are integrated having a Big …
Persistent link: https://www.econbiz.de/10011853617
An extensive literature on venture capital has studied asymmetric information and agency problems between investors and entrepreneurs, examining how separating entrepreneurs from the investor can create frictions that might inhibit the funding of good projects. It has largely abstracted away...
Persistent link: https://www.econbiz.de/10011901466
In this paper, we focus on the interconnectedness of banks and the price they pay for liquidity. We assess how the concentration of credit relationships and the position of a bank in the network topology of the system influence the bank’s ability to meet its liquidity demand. We use quarterly...
Persistent link: https://www.econbiz.de/10010238510
realistic interbank networks that preserve important characteristics of the original interbank market. The method loads the most … probable links with the largest exposures consistent with the total lending and borrowing of each bank, leading to networks …
Persistent link: https://www.econbiz.de/10010249740
I study intermediation in networked markets using a stochastic model of multilateral bargaining in which traders compete on different routes through the network. I characterize stationary equilibrium payoffs as the fixed point of a set of intuitive value function equations and study efficiency...
Persistent link: https://www.econbiz.de/10010403606
This paper analyzes the effect of different cooperation forms on innovation in small and medium enterprises in Belgium, Germany, Portugal and Spain using Community Innovation Survey data from 2008. We find that vertical cooperation and knowledge cooperation increases the probability to introduce...
Persistent link: https://www.econbiz.de/10010471726
Earlier studies have shown that entrepreneurs play a key role in shaping regional development. Innovator networks where … paper intents to go one step further and analyses in how far differing characteristics of these networks lead to different …
Persistent link: https://www.econbiz.de/10011572658
This chapter surveys research on social capital. We explore the concepts that motivate the social capital literature, efforts to formally model social capital using economic theory, the econometrics of social capital, and empirical studies of the role of social capital in various socioeconomic...
Persistent link: https://www.econbiz.de/10014023761
to create an open atmosphere for knowledge creation while control acts as a safeguard against malfeasance. Networks that … neglect either one often create less knowledge, such as new skills and products. Temporary networks, however, may have to … innovation networks in the Eindhoven region in the Netherlands. Previous research showed that these networks contribute to …
Persistent link: https://www.econbiz.de/10012171678
Technological progress builds upon itself, with the expansion of invention in one domain propelling future work in linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its strength. Past innovation network structures are...
Persistent link: https://www.econbiz.de/10011557905