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Internal and External R&D: A Sample Selection Approach

Piga, Claudio A.; Vivarelli, Marco - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003

of the determinants of the two decisions and corrects for the sample selectivity that is intrinsic in the analysis of … selectivity issue in the empirical analysis of external R&D. Another contribution made by this study is the managerial …

Persistent link: https://www.econbiz.de/10005765265

Cooperation in R&D and sample selection

Piga, Claudio A.; Vivarelli, Marco - 2002

joint analysis of the determinants of the two decisions and corrects for the sample selectivity that is intrinsic in the … analysis of cooperative R&D. The results indicate the need to explicitly consider the selectivity issue in the empirical …

Persistent link: https://www.econbiz.de/10011597050

Finance and Schumpterian Rents : On the Timing of Innovation

Yung, Chris - 2012

I model an innovation game in which firms can choose to be leaders or followers. Internal finance leads to a stalemate … in which each firm wants to free-ride on the others' experimentation costs. Therefore, no innovation occurs. When instead … firms compete in the capital markets to finance innovation (e.g., in the case of venture capital) there is an endogenous …

Persistent link: https://www.econbiz.de/10013114638

Making Waves : To Innovate or be a Fast Second?

Yung, Chris - 2015

Persistent link: https://www.econbiz.de/10013037089

Role of financial regulation and innovation in the financial crisis

Kim, Teakdong; Koo, Bonwoo; Park, Minsoo - In: Journal of Financial Stability 9 (2013) 4, pp. 662-672

government ownership of banks have increased the likelihood of a currency crisis. Financial innovation has contributed to the …

Persistent link: https://www.econbiz.de/10010729643

A Proposal for the Intellectual Property Currency : An Innovation Today for Innovations Tomorrow

Ziesemann, Cyndia - 2022

the implementation of a patent innovation, e.g., a license fee for a contract with the patentee in Economy B. The office …

Persistent link: https://www.econbiz.de/10014080884

High-Tech Firms and Credit Rationing

Guiso, Luigi - C.E.P.R. Discussion Papers - 1997

Informational frictions between borrowers and lenders differ across classes of borrowers. Innovative firms undertake high-risk-high-return projects which are likely to be little understood by financial intermediaries. As a consequence, they may end up allocating too large a share of funds to...

Persistent link: https://www.econbiz.de/10005123591

Repo markets, counterparty risk and the 2007/2008 liquidity crisis

Ewerhart, Christian; Tapking, Jens - 2008

important innovation, we allow for two-sided counterparty risk. Our findings relate to empirical characteristics of repo …

Persistent link: https://www.econbiz.de/10011604955

The statistical classification of cash pooling activities

Colangelo, Antonio - 2016

Cash pooling is a bank service that allows corporates to externalise the intra-group cash management, and thus manage their global liquidity effectively with lower costs. Although there is little quantitative information on the significance of the phenomenon, cash pooling appears to have become...

Persistent link: https://www.econbiz.de/10011606350

The Interaction Between FX and Credit Risk as an Example of Intersection of Monetary and Financial Stability Policy Goals – The Case of Serbia

Jović, Željko - In: Journal of Central Banking Theory and Practice 5 (2016) 2, pp. 133-155

The financial system of Serbia is highly bank-centric and euroised, which is a common specific feature of financial systems in developing countries. High level of euroisation represents an adequate environment for the development of emphasized interaction of foreign exchange and credit risks;...

Persistent link: https://www.econbiz.de/10012217832