We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

set on innovation for a large number of Italian firms over the 1990’s. There is evidence that banking development affects … the probability of process innovation, particularly for small firms and for firms in high(er) tech sectors and in sectors … more dependent upon external finance. The evidence for product innovation is weaker. There is also some evidence that …

firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …

) investment/savings and (c) insurance/assurance Using FinScope dataset from South Africa over the period 2003 to 2009,ordered … behaviour is greater than financial perception when making decisions on the take-up and use of investment financial services. It …

categorised in three types namely; general accounts and services, investment/savings and insurance/assurance. Taking into account …

In "new" new international trade theory, whether firms export or not are determined by their productivity. These models … an alternative way to model whether firms export or not, namely as a firm-level decision akin to an investment decision …

as an instrument for investment in cattle. We find average returns in the order of -2% at the mean, but they vary across …

We study the implications of product market competition and investment for price setting, wage bargaining and thereby …

socially desirable. A higher level of employment risk in turn depresses the skill premium and the incentives to invest in … investment in skill-intensive technologies. A public education system funded by graduate taxes can restore efficiency. More …