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We analyze the impact of subsidies on R&D expenditures in the financial crisis and beyond. The financial crisis has led to considerable turmoil in financing and, as a result, to restrictions of firms' access to external financing. Utilizing this fact, we identify and analyze financing...
Persistent link: https://www.econbiz.de/10012793582
disaggregates "R" from "D" to study how US firms adjust their innovation investments in response to an external increase in funding … pattern is consistent with an important role for technological competition in R&D financing decisions …
Persistent link: https://www.econbiz.de/10014337755
Financing innovation presents informational and control problems for the financier, and different solutions are used … in innovation during the 2007-8 financial crisis for both. We extend prior theories of external financing's effect on … effect on company innovation on entering the crisis, but increased university innovation. Overall, however, company patenting …
Persistent link: https://www.econbiz.de/10013046438
Persistent link: https://www.econbiz.de/10003956422
Liquid assets which nonprofit institutions holds are not a source of any special interests and although the close to cash assesses together with credit lines available for nonprofit institution are connected with resigning from realization of the part of incomes or costs, nonprofit institutions...
Persistent link: https://www.econbiz.de/10013096512
In 2009, the promise of a comprehensive federal cap and trade bill to address climate change fell apart. At least in part, this was due to the fears that exotic 'carbon' financial instruments might cause more financial crises. As California launches it economy wide carbon trading system, and...
Persistent link: https://www.econbiz.de/10013107537
This paper aims to examine the underlying causes of the sharp reduction in bank lending, which in turn is highlighting some structural weaknesses of Italian firms and financial system. The structure of this paper is as follows. Section 1 introduces the paper. Section 2 analyzes some drivers of...
Persistent link: https://www.econbiz.de/10013053669
Spanish Abstract: Ante las crisis, del tipo que sean, económicas, de inseguridad, etc. las personas reaccionan (aumentando el ingreso o modificando hábitos de consumo), no queriendo asumir la realidad, para después convertir sus posibles consecuencias en foco de atención, generalmente...
Persistent link: https://www.econbiz.de/10013062966
Employing the data from the World Bank Enterprise surveys, we examine how the first shock of the COVID-19 pandemic has … affected firm dynamics across the world. Our first group of robust models have tested the effect of internal firms’ managerial … world …
Persistent link: https://www.econbiz.de/10014349860
Why do sudden and massive social, economic, and political changes occur when and where they do? Are there institutional preconditions that encourage such changes when present and discourage such changes when absent? In this paper, I employ a general model which suggests that massive equilibrium...
Persistent link: https://www.econbiz.de/10013151923