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This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...
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Economic theory suggests that with a pollution externality and learning spillovers related to renewable energy …
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-firm spillovers, namely credit access of technology network and supply chain peers. Further, I find evidence of strategic investment …
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