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This study investigates whether institutional bond blockholders (i.e., bond funds that hold more than 5% of a firm’s outstanding bonds) impede firm innovative activities, and if they do, through which channels. We find that long-term bond blockholders do not discourage firms from conducting...
Persistent link: https://www.econbiz.de/10010698828
Economic interest in innovation policy largely arises from the fundamental importance of innovation to social welfare … and from inefficiencies in innovation in a competitive market environment. As a result, a wide variety of public … innovation policies are used in practice. This study reviews the economic justifications for public innovation policies and …
Persistent link: https://www.econbiz.de/10010699287
innovation. Public procurement is seen as an instrument able to fill in the gaps in the existing innovation policy-mix, thus …
Persistent link: https://www.econbiz.de/10010699400
The increased interest in using public procurement as a policy tool for innovation has renewed a need for understanding … these while concluding the terms of procurement projects. Consequently, future policy efforts towards increased innovation … have to be targeting the process of public procurement of innovation, rather than focusing on regulatory issues. …
Persistent link: https://www.econbiz.de/10010699402
opportunity cost of cash holdings leads to a decrease in innovation and economic growth, which in turn decreases labor …This study analyzes the effects of inflation on the long-run nexus between unemployment and economic growth. We … introduce money demand via a cash-in-advance (CIA) constraint on R&D investment into a scale-invariant Schumpeterian growth …
Persistent link: https://www.econbiz.de/10010699652
Despite theoretical and empirical advances, the proximity framework has remained essentially static in that the given proximity between actors explains the extent to which they interact in knowledge networks and profit from such interactions. We propose a dynamic extension of the proximity...
Persistent link: https://www.econbiz.de/10010699752
development is presented through the filter of innovation. The aspects that differentiate software innovation from any other kind … of innovation are highlighted. Adaptive management is addressed from a general point of view. The circumstances that … require adaptive management are emphasized. Methods of implementing adaptive management in innovation oriented software …
Persistent link: https://www.econbiz.de/10010699851
It has been argued that monetary incentives restrain individual creativity and hamper performance in jobs requiring out of the box thinking. This paper reports from an experiment designed to test if the negative incentive effect is present also when individuals work together to solve such...
Persistent link: https://www.econbiz.de/10010699981
Organizational innovation represents the implementation of significant changes in the structure of the company or in … innovations and perceives the change as an opportunity rather than a threat. The article brings forward the need for innovation …
Persistent link: https://www.econbiz.de/10010700101
From the historical point of view, every modality of creating the economic value is based on a certain type of scientific and technical knowledge, which is favoured by certain "environments of learning and knowledge". The leaps in productivity are caused by radical mutations in matters of...
Persistent link: https://www.econbiz.de/10010700128