A firm that owns a patent has a legal right to exclude. Applying for the patent, however, discloses discovery of an invention by the firm. Both the ownership of the right and the disclosure of the discovery expose the firm to an acquisition, because other firms may be interested in buying the...

Lack of capital has for long, if not always, been perceived as one of the most important impediments to economic activity in Finland the Achilles heel of the Finnish economy. This volume takes a long-term perspective on this perception. It considers how the Finnish financial system and the...