We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite … career-concern model allows for complementarity. Empirically, we reject substitution effects. Second, CEOs are less likely to …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …

dirty innovation and production; (ii) optimal policy involves both “carbon taxes” and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values … and with sufficient substitutability between inputs, it is optimal to redirect technical change towards clean technologies …

information at the firm-level, we show that the output shock is detrimental to firms' sales, employment, and innovation. Moreover … significant - of the input supply shock on firms' sales, employment and innovation …

, productivity growth, and product innovation to a larger extent when it targets more competitive sectors and when it is not … enterprises for the period 1998 through 2007 to test for complementarity between competition and industrial policy. A main …