The recent judgment of the German Federal Constitutional Court has clarified that the debt brake enshrined in the German Basic Law (Grundgesetz) is intended to do exactly what the legislature intended when it was adopted in 2009: to tie the hands of political actors and block the 'easy way out...

This study delves into the effects of market competition and financial constraints on innovation within a transitional market. We implemented the Two Stage Least Squares regression to analyze a sample comprising 492 listed firms in Vietnam from 2008 to 2020. Our findings unveil an inverse...