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imitation or theft - affect firms’ investment decisions. Using variation in property rights protections across different regions … to identifying a specific channel through which legal protections affect incentives for innovation and R&D, our results …
Persistent link: https://www.econbiz.de/10014134557
variety of first-mover advantages and that `imitation' is itself a costly activity. There is also accumulating evidence that …) regime, and explicitly characterise the circumstances in which an open approach, despite its effect on facilitating imitation …, results in a higher level of innovation. …
Persistent link: https://www.econbiz.de/10011523640
analyzing optimal intellectual property rights (IPRs) for the imitator's catching-up. Weak IPR protection and a high imitation … rate allow the initially knowledge-scarce imitator region to accumulate sufficient knowledge and switch to innovation, at …
Persistent link: https://www.econbiz.de/10005766428
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...
Persistent link: https://www.econbiz.de/10011335945
greatest explosion of financial innovation the world had ever seen. Financial fragility grew until the economy collapsed into … the global financial crisis. At the same time, we saw that much (or even most) of the financial innovation was directed … attention to increasing funding of the innovation process. For that reason, we will look not only to Minsky's ideas on the …
Persistent link: https://www.econbiz.de/10011545297
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...
Persistent link: https://www.econbiz.de/10010517057
greatest explosion of financial innovation the world had ever seen. Financial fragility grew until the economy collapsed into … the global financial crisis. At the same time, we saw that much (or even most) of the financial innovation was directed … attention to increasing funding of the innovation process. For that reason, we will look not only to Minsky’s ideas on the …
Persistent link: https://www.econbiz.de/10010530034
conference covered a wide range of topics related to financial markets, innovation, banking, risk, alternative finance and … conference: “Financial Markets, Innovation and Regulation” …
Persistent link: https://www.econbiz.de/10012892006
data from 2014 to 2019 to conduct empirical research on green innovation, ESG indicators, and the financial performance of … factors-embedded regression models, we find that: (1) Green innovation can significantly improve the ESG scores of GEM listed … companies. (2) Both green innovation and ESG performance can improve the financial performances of GEM listed companies, and ESG …
Persistent link: https://www.econbiz.de/10013404215
This paper analyses the links between advances in financial technology, investors’ sophistication, and the composition and returns of their financial portfolios. We develop a simple portfolio choice model under asymmetric information and derive some theoretical predictions. Using detailed...
Persistent link: https://www.econbiz.de/10014355114