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Growth through heterogeneous innovations
Akcigit, Ufuk; Kerr, William R. - Suomen Pankki - 2013
framework that contains multiple innovation sizes, multi-product firms, and entry/exit. Firms invest in exploration R&D to … regularities regarding innovation and growth differences across the firm size distribution. We also incorporate patent citations …
Persistent link: https://www.econbiz.de/10010818983
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Innovation, reallocation and growth
Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - Suomen Pankki - 2013
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10010698829
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What types of bondholders impede corporate innovative activities?
Hasan, Iftekhar; O’Brien, Jonathan; Ye, Pengfei - Suomen Pankki - 2013
This study investigates whether institutional bond blockholders (i.e., bond funds that hold more than 5% of a firm’s outstanding bonds) impede firm innovative activities, and if they do, through which channels. We find that long-term bond blockholders do not discourage firms from conducting...
Persistent link: https://www.econbiz.de/10010698828