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, financialization has contributed to compress and somewhat degrade the specific properties of the finance-innovation nexus of both … financialization process and the "maximizing shareholders value" principle. The available evidence suggests that financialization has … de-linked the performance of firms on the financial markets from the determinants of firm-level growth and innovation …
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, furthermore, to liquidity, which shows that the regional innovation system in China has been functioning relatively well to induce … the intelligent manufacturing industries in China has been established for statistical analysis. Using Structural Equation … endogenous factors. We find that innovation efforts mainly led by increasing investment in Research & Development (R&D), along …
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This paper investigates how financial constraints affect a firm's decision on whether to conduct product innovation …. Theoretically, we show that a firm's optimal decision on product innovation is a function of its past decision, financial … of production, which eventually reduces the firm's probability of conducting product innovation. The theoretical …
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The financial sector in advanced economies has undergone significant evolution driven by restructuring, globalization, and the digital revolution, which have profoundly shaped its developmental dynamics. This study investigates the forces behind the growth and convergence of the financial sector...
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We study the relation between the structure of nancial systems and carbon emissions in a large panel of countries and industries over the period 1990-2013. We find that for given levels of economic and financial development and environmental regulation, CO2 emissions per capita are lower in...
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