In the last decades, technologies became more complex which increased the degree of uncertainty in R&D. To overcome the … uncertainty, firms frequently engage in R&D collaborations, e.g., Research Joint Ventures (RJVs), and licensing agreements. While … decision to engage in ex ante and ex post licensing is formulated with regard to uncertainty in R&D. While ex ante licensing …

Belize's public finance to the occurrence of hurricanes and the potential impact of insurance instruments in reducing that … insurance policies. -- Public Finance ; Insurance ; Natural Disasters …

Crowdfunding challenges the traditional separation between finance and marketing. It creates economic value by reducing … demand uncertainty, which enables a better screening of positive NPV projects. Entrepreneurial moral hazard threatens this …