Purpose We aim to elucidate the relationship between fixed-term employment and firm productivity by examining workers’ skills and considering how firm-level conversion rates influence this relationship. Design/methodology/approach We use longitudinal employer-employee data between 2011 and...

Scholars examining the effect of knowledge spillovers on R&D and innovation all agree on one thing-there is a strong relationship between the firm's R&D effort and knowledge spillover. The sign of this relationship depends, however, on many things, such as the type of spillovers (horizontal,...

In this paper, we develop a new firm-level measure of distance to the productivity frontier that accounts for international technology spillovers stemming from the use of imported intermediate goods. The trade-weighted technological distance to frontier is matched with sector- and country-level...

The main objective of the EU Industrial R&D Investment Scoreboard (the Scoreboard) is to benchmark the performance of EU innovation-driven industries against major global counterparts. The 2020 edition of the Scoreboard analyses the 2500 companies that invested the largest sums into R&D...

This paper considers investment problems in real options with non-homogeneous two-factor uncertainty. We derive some analytical properties of the resulting optimal stopping problem and present a finite difference algorithm to approximate the firm’s value function and optimal exercise boundary....

We propose a theoretical model to study individual lifestyle choices related to calorie intake and physical activity, depending on personal fitness level and body weight. The model builds on the rational eating literature and can generate a variety of behaviors that are consistent with the...