We analyze the impact of the announcement of the banking union on stock market returns of euro area banks against the backdrop of three commonly held views of the banking union. We document positive individual abnormal returns for most banks. Abnormal returns are large and positive on average,...

In this paper we integrate the insights of the Knowledge Spillover Theory of Entrepreneurship and Innovation (KSTE+I) with Schumpeter's idea that innovative entrepreneurs creatively apply available local knowledge, possibly mediated by Marshallian, Jacobian and Porter spillovers. In more detail,...

This study evaluates the impact of European Union Structural Funds for innovation on key business indicators related to growth, profitability, and innovation at the regional level. We use the case of Andalusia during the period 2007-2020, a Spanish region benefiting from these funds, focusing on...