Current literature on the impact assessment of government innovation subsidies is mainly empirical driven and lacks an overarching theoretical model to explain the conditions under which government subsidies create positive additionalities on private R&D investment. In this paper, we present a...

We show that under a dynamic information acquisition process, a risk averse investor's unconditional expected optimal quantity of information and investment amount are higher than those under the corresponding static information acquisition process. However, when the initial belief of the...

As organizations are increasingly engaged in the digital world with greater dependency on data, crime and activism have shifted from the streets to the internet. In this paper, we study the impact of activist hacking campaigns on financial institutions. We look into how target institutions’...