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Innovation, particularly when realized through structured innovation process strategically contributes to firms' mission to achieve and maintaining a long-term and sustainable competitive advantage. Recently, over half of the Fortune 500 companies have disappeared since 2000 by being merged,...
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In this paper we focus on one type of externality, namely knowledge spillovers. Empirical studies on effects of knowledge spillovers in Europe have normally focused on localized effects, either on total factor productivity or knowledge production in terms of patent output. The purpose of this...
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We present a meta-analysis of the impact of higher capital requirements imposed by regulatory reforms on the macroeconomic activity (Basel III). The empirical evidence derived from a unique dataset of 48 primary studies indicates that there is a negative, albeit moderate GDP level effect in...
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