agency costs in Italy. Corporate governance in Italy is distinguished by the fact that a large number of Italian firms are …

data about other patterns of “Corporate Italy” which have never been enquired in a systematic way before. More specifically …

We analyze the relationship between institutional investors, innovation and financing constraints. Building on the … empirical framework of Aghion et al. (2013), we find that the effect of institutional ownership on innovation is concentrated in … investors increase innovation through reducing career risks, disappears once this heterogeneity is taken into account. We also …

as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying … their own interests. When entrenched, managers do not fear detrimental effects of risky innovation projects on their career …, and hence tend to over-invest into innovation …

This study investigates the association between ownership concentration and firm innovation using a large data sample … mechanisms through which concentrated ownership is detrimental to corporate innovation. The results reveal that concentrated … ownership has detrimental impacts on innovation for firms with higher degree of asymmetric information, and firms lead by less …

This paper investigates the impact of the ongoing mixed-ownership reform on the innovation activities of SOEs in China …. We find that the reform improves SOE’s innovation, and the impact is heterogeneous, by exploring in different industries … innovation for POEs being mix-reformed. To deal with endogeneity concerns, PSM, DiD and IV estimations are used. We also …

as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying … their own interests. When entrenched, managers do not fear detrimental effects of risky innovation projects on their career …, and hence tend to over-invest into innovation …