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This paper analyses the influence of in-house R&D and external knowledge acquisition on the total factor productivity (TFP) of listed Chinese firms for the time period 2001-2010. We find a quantitatively important positive effect of in-house R&D. The achieved level of technological...
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We use the introduction of a U.S. commercial credit bureau to study when lenders adopt voluntary information sharing technology and the resulting consequences for competition and credit access. Our results suggest that lenders trade off access to new markets against heightened competition for...
Persistent link: https://www.econbiz.de/10012608664
This paper assesses the role of relationship lending in explaining simultaneously the innovation activity of Small and … SME's increased propensity to introduce product innovation. We further discuss the financial and non-financial channels …
Persistent link: https://www.econbiz.de/10011774346
We examine the effect of foreign institutional investors on firm innovation. Using firm-level data across 26 non …-U.S. economies between 2000 and 2010, we show that foreign institutional ownership has a positive, causal effect on firm innovation …. We further explore three possible underlying mechanisms through which foreign institutions affect firm innovation …
Persistent link: https://www.econbiz.de/10012973411
This paper considers three firms that engage in an R&D contest to develop a new profitable technology. For a broad range of parameters, the firm that leads the contest (i.e., has the highest probability of success) is better-off licensing or selling its superior interim knowledge to one of the...
Persistent link: https://www.econbiz.de/10010270320
This paper considers three firms that engage in an R&D contest to develop a new profitable technology. For a broad range of parameters, the firm that leads the contest (i.e., has the highest probability of success) is better-off licensing or selling its superior interim knowledge to one of the...
Persistent link: https://www.econbiz.de/10003742958
In this paper, we investigate a primary potential impact of leveraged buyout (LBOs) transactions: the effects of LBOs on the peers of the LBO target in the same industry. Using a data sample based on US LBO transactions between 1985 and 2016, we investigate the impact of the peer firms in the...
Persistent link: https://www.econbiz.de/10013365211
In this paper, we investigate a primary potential impact of leveraged buyout (LBOs) transactions: the effects of LBOs on the peers of the LBO target in the same industry. Using a data sample based on US LBO transactions between 1985 and 2016, we investigate the impact of the peer firms in the...
Persistent link: https://www.econbiz.de/10013491549