The internationalisation of corporate R&D is an opportunity for firms to reach local knowledge and expertise which is distributed globally. Firms' innovation activities which are carried out abroad comprise either the localization of uniform products to local needs with locally available...

Over the past decade or so, there has been widespread recognition that a large and growing proportion of the global workforce is employed in informal sector enterprises. To explain this, neo-liberals contend that enterprises operate in the informal sector due to high taxes, public sector...

We study the international transmission of shocks from the banking to the real sector during the global financial crisis. For identification, we use matched bank-firm level data, covering mainly small and medium-sized firms in Eastern Europe and Turkey, and exploit the Lehman failure. We find...