We analyze the relationship between institutional quality and firm efficiency. Using rich data on firms in the European Union between 2005 and 2012, we show that high institutional quality lowers the share of persistently inefficiently used assets. The adverse effect of low institutional quality...

The aim of this explorative study is to provide a systematic mapping of the most innovative firms in Europe, in order to identify their distinctive local innovation dynamics in terms of geographical, sectoral and cultural distribution. The research seeks to assess whether innovation performance...