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Credit Rationing and Internal Ratings in the Face of Innovation and Uncertainty
Credit Rationing Classification Criteria Basel II
2015/7/30
Some empirical investigations are pointing to the fact that high-tech firms are subject to credit rationing to a higher extent than the avereage. This excess of credit rationing may not be due top inf...
Emergent Innovation—a Socio-Epistemological Innovation Technology
Innovation radical innovation emergent innovation knowledge creation change
2015/7/28
This paper introduces an alternative approach to innovation: Emergent Innovation. As opposed to radical innovation Emergent Innovation finds a balance and integrates the demand both for radically new ...
Evolution of Consumers’ Preferences due to Innovation
Evolutionary economics memetics demand evolution innovation transformation of consumer behavior
2015/7/15
The integration process between evolutionary approach and conventional economic analysis is very essential for the next development of economic studies, especially in the fundamental concepts of moder...
New paths to innovation and learning through DIY technologies
innovation learning DIY technologies
2015/6/18
Today, the nation of makers proves it has no borders, as do-it-yourself engineers, inventors and tinkerers of all ages and backgrounds converge at the National Maker Faire.The National Science Fo...
Return Migration and Geography of Innovation in MNEs:A Natural Experiment of On-the-Job Learning of Knowledge Production by Local Workers Reporting to Return Migrants
Return Migration Knowledge Production Multinational Enterprise Internal Labor Markets
2015/4/29
I study whether return migrants and their direct reports facilitate knowledge production and transfer across borders for multinationals. Using unique personnel and patenting data for 1315 inventors at...
Innovation and the Challenge of Novelty:The Novelty-Confirmation-Transformation Cycle in Software and Science
Innovation and Invention Knowledge Acquisition Knowledge Use and Leverage Infrastructure Science Creativity Software Value
2015/4/24
Innovation requires sources of novelty, but the challenge is that not all sources lead to innovation, so its value needs to be determined. However, since ways of determining value stem from existing k...
A Refinement of Collaborative Circles Theory: Resource Mobilization and Innovation in an Emerging Sport
collaborative circles creativity resource mobilization theory small groups social movements
2013/12/6
Farrell’s (2001) theory of collaborative circles provides a useful frame for analyzing the interpersonal dynamics that enable creative collaboration in small groups, but it leaves contextual factors o...
Induced Innovation and Social Inequality: Evidence from Infant Medical Care
Induced Innovation Social Inequality Evidence Infant Medical Care
2016/3/9
We develop a model of induced innovation that applies to medical research. Our model yields three empirical predictions. First, initial death rates and subsequent research effort should be positively ...
The Impact of Cultural Diversity on Innovation: Evidence from Dutch Firm-Level Data
immigration, innovation, cultural diversity, knowledge spillovers,
2012/10/23
Due to the growth in international migration in recent decades, the workforce of firms in host countries has become considerably more diverse, both demographically and culturally. It is an important q...
Long-Run Effects of Public-Private Research Joint Ventures: The Case of the Danish Innovation Consortia Support Scheme
public-private partnership research joint venture research and development research subsidies
2012/10/23
Subsidized research joint ventures (RJVs) between public research institutions and industry have become increasingly popular in Europe and the US. We study the long-run effects of such a support schem...
AGGREGATE LITIGATION AND REGULATORY INNOVATION: ANOTHER VIEW OF JUDICIAL EFFICIENCY
aggregate litigation efficiency market for risk hierarchy regulation innovation asbestos
2014/6/24
In this article, we argue that aggregate litigation and the court system can not only restore the protection of victims and the production of deterrence, but also play a pivotal role in stimulating re...
Unraveling the Role of Public Researcher Mobility for Industrial Innovation
labor mobility technology transfer innovation, patents
2012/10/30
We estimate the relative contribution of mobile scientists who leave academia for the private sector on the subsequent innovative performance of the firms they join. We use data on the population of D...
Beyond Additionality: Are Innovation Subsidies Counterproductive?
innovation subsidy policy evaluation product innovation bivariate endogenous switching model
2012/10/30
Building on a standard policy evaluation literature mainly aimed at estimating the additional effect of subsidies on either firms' innovative expenditures or innovative outputs only, this paper tries ...
Immigration and Innovation in European Regions
immigration cultural diversity economic growth innovation spatial autocorrelation
2012/10/30
The concentration of people with diverse socio-cultural backgrounds in particular geographic areas may boost the creation of new ideas, knowledge spillovers, entrepreneurship, and economic growth. In ...
We combine firm-level innovation data with area-level Census data to examine the relationship between local workforce characteristics, especially the presence of immigrants and local skills, and the l...