Showing 1 - 10 of 11,859
This paper provides new evidence on how access to finance impacts technological innovation and establishes the role of … labor practices in shaping the finance-innovation nexus. We exploit antebellum America, a unique setting where staggered … generated heterogeneity in agricultural labor cost. We find that greater access to finance spurred innovation, but the positive …
Persistent link: https://www.econbiz.de/10012852658
This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm's equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10011448232
Persistent link: https://www.econbiz.de/10013428541
What is the relationship between venture capitalists’ selection of investment targets and the effects of these … consequence of prior investment selection based on firms’ patent output. We develop simultaneous models predicting the likelihood … accounting for the endogeneity of investment, we find that the effect of VC on patenting is insignificant or negative, in …
Persistent link: https://www.econbiz.de/10014122928
This paper is concerned with measuring and influencing the direction of technological change. First, it provides a comprehensive assessment of the factor bias of technological change using panel data from the World Input-Output Database (WIOD) for 25 EU countries from 1995 to 2009. We measure...
Persistent link: https://www.econbiz.de/10011340224
technological change, and then examine theory and empirical evidence on invention, innovation, and diffusion and the related …
Persistent link: https://www.econbiz.de/10014023934
at the expense of the innovation and investment communities of OECD member nations, inasmuch as they have raised foreign …
Persistent link: https://www.econbiz.de/10014186101
High technology innovators and investors operating in the life sciences, clean energy and information and communication technology sectors face complex economic and legal uncertainties compounded by regulatory and policy risks during the course of guiding an innovative concept from its research...
Persistent link: https://www.econbiz.de/10014188405
This paper analyzes whether firms conducting internal R&D and acquiring external high-tech equipment experience a complementarity effect. For German CIS data we conduct a complete set of indirect and direct complementarity tests refining the analysis by looking at various types of innovations...
Persistent link: https://www.econbiz.de/10010414249
, while expansionary investment does so in the "downstream" industries. Conversely, the replacement of obsolete capital …
Persistent link: https://www.econbiz.de/10012022748