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This paper considers the effect of different firm leadership on the innovative performance of firms from seven EU countries. We investigate whether owner-led or manager-led firms achieve a larger share of their turnover with product innovations. Economic theory does not propose clear answers to...
Persistent link: https://www.econbiz.de/10014028506
This paper considers the effect of different firm leadership on the innovative performance of firms from seven EU countries. We investigate whether owner-led or manager-led firms achieve a larger share of their turnover with product innovations. Economic theory does not propose clear answers to...
Persistent link: https://www.econbiz.de/10011446303
Persistent link: https://www.econbiz.de/10014420445
Persistent link: https://www.econbiz.de/10010199472
To what extent has input reallocation contributed to aggregate productivity growth in the banking sectors of Europe and the United States? Interestingly, under-performing banks capture market share, while more productive banks lose market share, in particular in the US. The pattern of...
Persistent link: https://www.econbiz.de/10010486867
Persistent link: https://www.econbiz.de/10001710408
Persistent link: https://www.econbiz.de/10001710433
Over the last two decades privatization programs in different countries have radically reduced the role of the State as a key player in the economic arena. We use agency theory to discuss the theoretical elationship between changes in the firm's principal-agent structure following privatization,...
Persistent link: https://www.econbiz.de/10014108847
In this paper, we analyze the impact of privatization on the firms' R&D performance. We expect that, in the early period after privatization, path dependencies still negatively affect the efficiency of R&D operations. We test our hypothesis using a Tobin's q measure and estimating a hedonic...
Persistent link: https://www.econbiz.de/10014108848
This paper empirically investigates if corporate governance practices affect the resources firms devote to R&D. Two databases - one on governance ratings and the other on R&D intensity - are merged to obtain a multi-country, multi-sector sample of 279 European companies involved in R&D...
Persistent link: https://www.econbiz.de/10008907733