Thomas Piketty has argued that the rising income share of top earners in the US is driven by the growing incomes of “Supermanagers”, high-level managers and supervisors in large firms. Piketty has further argued that this development is best explained by growing managerial bargaining power...

In this paper, we study how R&D investment affect financial analyst’s earnings forecasts and how intellectual capital endowments moderate this effect. We argue that high information asymmetry and uncertainty associated with R&D investment increase a financial analysts’ earnings forecast...

This paper analyzes various innovation strategies of firms. Using five waves of the Community Innovation Survey in Sweden, we have traced the innovative behaviour of firms over a ten-year period, i.e. between 2002 and 2012. We distinguish between sixteen innovation strategies, which compose of...

Labor mobility is mechanism for transfer the technology and innovation from multinational firms (MNEs) to non-multinational firms (non-MNEs). In this paper, we use a unique employer-employee data set in Sweden to provide individual-firm match dataset. Using the special research framework, we...

In this paper, we analyse where people who become self-employed actually start their firms. In the entrepreneurship literature, it is generally assumed that individuals who start a firm start it where they live. We question this general assumption and show that this does not hold for commuters....

We investigate the effects on individuals’ productivity (captured through their wage income) of two social networks in which individuals are embedded: their residential neighborhood and their workplace. We avail ourselves of Swedish micro-level data which makes it possible to identify...

The Swedish energy performance certificates for single family housing provide rich information on energy consumption and various physical attributes. They also include estimates of the energy conservation potentials resulting from implementing cost-efficient energy saving measures. By matching...

Existing studies associates financial constraints among innovators to small, young and high-tech firms. High adjustment cost implies that firms save money by smoothing innovation spending across the business cycle if they have available resources. This paper examines whether previous findings on...

Based on unique data covering individuals, firms, industries, and regions for the 1999-2005 period, we contribute with new knowledge concerning the impact of regional variables on spin-offs. Implementing a large number of controls, as well as different estimation techniques and robustness tests,...

Much of the discussion about globalization has been held at a rather superficial macro-economic level. Discussions about globalization dealing with the meso- and micro-economic level, i.e. the level of regions and companies, have been much less common. Many of the discussions of globalization at...