innovation, we identify the effect of dismissal laws by exploiting the time-series variation generated by staggered country …-level law changes. Using fixed effect panel regressions and difference-in-difference tests, we find that innovation is fostered by … stringent laws governing dismissal of employees. In addition, stringent dismissal laws disproportionately influence innovation in …

innovation and thereby economic growth. Theoretically, dismissal laws make it costly for firms to arbitrarily discharge employees …. This enables firms to commit to not punish short-run failures of employees. Because innovation is inherently risky and …, but path-breaking, projects thereby fostering firm-level innovation. I provide empirical evidence supporting this thesis …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable … sharp reduction in the firm's innovation response to exogenous demand shocks for firms just below the regulatory threshold …. We then quantitatively fit the parameters of the model to the data, finding that innovation at the macro level is about 5 …

Keeping up with rapid technological change necessitates constant innovation. Successful innovation depends on both … implement them. Both of these knowledge-based elements of innovation can be attained through moderate labor force turnover in … innovation within a multivariate regression framework. However, when instrumenting training by the existence of a union …

Workplace innovation (WPI) plays an important role at the institutional level, enabling firms to improve their …

-employment. -- Entrepreneurship ; Innovation ; Institutions ; Regulation ; Self-employment …

The growing importance of innovation in the modern economy has revived the interest of economic sciences in studies on … the mechanisms that govern innovation and its impact on economic development. This growth of interest induced the concept … of the national system of innovation (NSI), which occupies an important place in the innovation policy of all developed …

Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the … industrial firms in China, we show that firms in locations historically affected by the CMC rules exhibit higher innovation …