A poor risk culture was one cause of the financial crisis. Surprisingly, there is no evidence of the link between risk culture and bank stability. Using a large sample of European banks from 2004 to 2014, our paper shows that a sound risk culture leads to better performance. Our research design...

This paper introduces a new internationally comparable data set that permits an empirical investigation of the effects of patent law on innovation. The data have been constructed from the catalogues of two 19th century world fairs: the Crystal Palace Exhibition in London, 1851, and the...

Previous studies have tended to focus on theeffect that patent laws have on number of innovations, ignoring the effect thatpatent laws have on technological change. Here, a data set of 15,000innovations at two World's Fairs--the London Crystal Palace Exhibition in 1851and the Philadelphia...

This paper introduces a new internationally comparable data set that permits an empirical investigation of the effects of patent law on innovation. The data have been constructed from the catalogues of two 19th century world fairs: the Crystal Palace Exhibition in London, 1851, and the...

Studies of innovation have focused on the effects of patent laws on the number of innovations but ignored effects on the direction of technological change. This paper introduces a new data set of close to fifteen thousand innovations at the Crystal Palace World's Fair in 1851 and at the...