In this paper, we examine the relation between innovation and a firm's financial dependence using a sample of privately-held and publicly-traded U.S....
A long-held view in corporate circles has been that furious rapid trading in stock markets has been increasing in recent decades, justifying corporate...
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 have inefficiently low incentives to innovate when other firms benefit from their inventions and the innovating firm therefore does not capture...
We show that firms with chief executive officers (CEOs) who gain general managerial skills over their lifetime work experience produce more patents. We...
In many industries, overlapping ownership arrangements (OOAs) are prevalent in the form of cross-shareholding agreements among firms or common...Read more