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compares this benefit amongst immigrant and native entrepreneurs. The authors investigate whether formal finance (here, bank … an entrepreneur‘s status strengthens or weakens the benefit finance sources for innovation. Research Design & Methods …: This study applies a quantitative approach to conduct the research. The data of 15,850 entrepreneurs surveyed by Global …
Persistent link: https://www.econbiz.de/10013336389
Mutual fund investors are supposed to make long-term investments instead of striving for quick fortunes. However, the dynamics of funds' ability to generate abnormal returns over their lifetime is still an unattended issue. This paper provides evidence on the liability of newness and liability...
Persistent link: https://www.econbiz.de/10011300267
Monitoring by institutional investors can act as an important mechanism to promote firm innovation. By investigating Chinese listed firms' patenting between 2002 and 2011, we find that the presence of institutional investors enhances firm innovation. Consistent with the monitoring view, we...
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We differentiate the effects of passive institutional investors, which mainly refer to index funds that adopt a passive portfolio strategy, on firms' innovation activities and innovation strategies. Relying on plausibly exogenous variation in passive institutional ownership generated by Russell...
Persistent link: https://www.econbiz.de/10012612334
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Dealing with the reluctant investor examines the governance of defined contribution (DC) schemes with reference to investment choice and, in particular, the design of the default fund. We explain where and why the current system fails to support DC scheme members and what steps can be taken to...
Persistent link: https://www.econbiz.de/10012833013
We analyze the relationship between institutional investors, innovation and financing constraints. Building on the empirical framework of Aghion et al. (2013), we find that the effect of institutional ownership on innovation is concentrated in industries with high dependence on external finance...
Persistent link: https://www.econbiz.de/10011448795