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Liquidity, innovation, and endogenous growth

Malamud, Semyon; Zucchi, Francesca - 2016

We study optimal liquidity management, innovation, and production decisions for a continuum of firms facing financing … spur investment in innovation (R&D). We characterize which firms should substitute production for innovation in the face of …

Persistent link: https://www.econbiz.de/10011605964

Risk-Taking, Financial Distress and Innovation

Sheth, Arnav - 2011

reserves are represented by a Brownian processes that includes an innovation parameter. When this innovation parameter goes to … hefty penalty to optimally take risks under financial distress. As the level of innovation increases however, it becomes …

Persistent link: https://www.econbiz.de/10013130723

Liquidity, Innovation, and Endogenous Growth

Malamud, Semyon - 2016

Persistent link: https://www.econbiz.de/10012988600

Financial Intermediation and the Funding of Biomedical Innovation : A Review

Lo, Andrew W.; Thakor, Richard T. - National Bureau of Economic Research - 2022

We review the literature on financial intermediation in the process by which new medical therapeutics are financed, developed, and delivered. We discuss the contributing factors that lead to a key finding in the literature--underinvestment in biomedical R&D--and focus on the role that banks and...

Persistent link: https://www.econbiz.de/10013435156

Innovation and Strategic Communication

Baldenius, Tim; Yang, Li - 2022

Experimentation is the main engine of innovation. It often involves separation of tasks and information asymmetry. We … latter result alleviates concerns that within-firm incentive problems might compound the underprovision of innovation in the … economy (the free-rider problem afflicting innovation). We also show that innovations are less likely to be moderate and more …

Persistent link: https://www.econbiz.de/10014255289

Financial Intermediation and the Funding of Biomedical Innovation : A Review

Lo, Andrew W.; Thakor, Richard T. - 2022

We review the literature on financial intermediation in the process by which new medical therapeutics are financed, developed, and delivered. We discuss the contributing factors that lead to a key finding in the literature—underinvestment in biomedical R&D—and focus on the role that banks...

Persistent link: https://www.econbiz.de/10014258726

Varieties of Governance

DRIVER, Ciaran - Institut de Recherche Économique et Sociale (IRES), … - 2008

The reform of corporate governance is again on the agenda in the wake of Enron and excessive risk-taking by financial institutions. However, the search for new and better forms of governance often seems to lack guiding principles. A theory of corporate governance ought to emerge from a theory of...

Persistent link: https://www.econbiz.de/10008512159

Varieties of Governance

Driver, Ciaran - In: Recherches économiques de Louvain 74 (2008) 4, pp. 425-453

Persistent link: https://www.econbiz.de/10005560160

Loan availability and investment : can innovative companies better cope with loan denials?

Müller, Elisabeth; Reize, Frank - 2010

mezzanine capital, when facing a loan denial. -- Investment ; loan availability ; innovation ; private equity …

Persistent link: https://www.econbiz.de/10003961525

Knowledge Asset Pledgeability and Financing Innovation

Zhuang, Zhong - 2019

benefits to innovating firms and a profound boost to technological innovation. Suggesting an essential connection between … finance, innovation, and the economy, my findings have timely implications for financial, economic, and accounting issues …

Persistent link: https://www.econbiz.de/10012905537