This study analyses how public R&D financing impacts the labour demand of companies. To our knowledge, no previous studies have distinguished the impact on the firm’s global and domestic employment. Our company-level panel data covers a period from 1997 to 2002. The statistical method employed...

Tämä raportti koskee biotekniikka-alan patentointikäytäntöjä. Keksintöjen hyödyntämisen turvaaminen patenttien avulla on biotekniikka-alalla erittäin tärkeää pitkien tuotekehittelyprosessien vuoksi. Silti kaikki alan yritykset eivät patentoi. Lääkekehitysyritykset patentoivat...

We study how upgrading the skills of the personnel affects a firm’s performance. Two different strategies are examined: 1) providing formal training and 2) strategic recruitment and separation policy. The use of register-based longitudinal employeremployee data supplemented with a survey on...

While the negative qualitative relation between the cost of debt capital and firm age is rather well established in the financial economics literature, there are few, if any, quantitative estimates available of the magnitude of the age effect. This study analyses this effect by utilizing a large...

This paper explores the connection between alcohol mortality, drinking behaviour and macroeconomic fluctuations in Finland by using both aggregate and micro-level data during the past few decades. The results from the aggregate data reveal that an improvement in regional economic conditions...

This paper presents a rational expectations model of asset prices with rationally inattentive investors that, unlike previous papers, explains both the substantial amount of equity wealth invested domestically and the puzzling time series behavior of the home bias - an initial plateau before...