R&D

Working Paper

Are Foreign Investors Locusts? The Long-Term Effects of Foreign Institutional Ownership

This paper challenges the view that foreign investors lead firms to adopt a short-term orientation and forgo long-term investment. Using a comprehensive sample of publicly listed firms in 30 countries over the 2001-2010 period, we find instead...Read more

Miguel Ferreira
Pedro Matos
01 August 2016

Creative Corporate Culture and Innovation

We define creative companies by means of the Competing Value Framework, and we identify them by means of textual analysis. We show that a creative corporate culture is an important driver of innovation, as measured by the number of patents a firm...Read more

Franco Fiordelisi
Luc Renneboog
Ornella Ricci
Saverio Stentella Lopes
06 November 2018

Putting Technology to Good Use for Society: the Role of Corporate, Competition and Tax Law

Innovation and its main output, technology, are changing the way we work, socialise, vote, and live. New technologies have improved our lives and made firms more productive, overall raising living standards across the world. Thanks to progress in...Read more

John Armour
Luca Enriques
Ariel Ezrachi
John Vella
01 December 2018

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