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Survive Another Day: Using Changes in the Composition of Investments to Measure the Cost of Credit Constraints

Garicano, Luis; Steinwender, Claudia - Centre for Economic Performance, LSE - 2013

We introduce a novel empirical strategy to measure credit shocks. Theoretically, we show that credit shocks reduce the value of long term investments relative to short term ones. Under the (conservative) assumption that demand shocks affect short and long run investments similarly, credit shocks...

Persistent link: https://www.econbiz.de/10010711338

The Effect of Marketing on the Optimal Funding of a New Product Development

Messica, Avi - 2013

Marketing is attributed to be the dominant factor for the failure of the successful commercialization of a new product development. However, its funding aspects and the relation with engineering-related efforts such as the technical development and manufacturing is less studied. This report...

Persistent link: https://www.econbiz.de/10012711027

Firm-level R&D After Periods of Intense Technological Innovation : The Role of Investor Sentiment

Aramonte, Sirio - 2018

Following periods of intense technological innovation, R&D is a critical driver of technology diffusion, but it is … investor sentiment, we study whether sentiment strengthens the link between aggregate innovation and firm-level R&D for …

Persistent link: https://www.econbiz.de/10012938325

Innovation, Investor Sentiment, and Firm-Level Experimentation

Aramonte, Sirio - 2015

technological innovation and future firm-level R&D expenses, which include the resources used for small-scale experimentation. I … find that rapidly improving investor sentiment strengthens the effect of technological innovation on one-year-ahead R … driven by sentiment proxying for technological innovation or by sentiment and R&D expenses being jointly determined. The …

Persistent link: https://www.econbiz.de/10013016568

Innovation and Job Creation in a Small Open Economy. Evidence from Norwegian Manufacturing Plants 1982-92

Klette, Tor Jakob; Førre, Svein Erik - 1995

relationship between job creation and innovation, as measured by R&D investments, in Norwegian manufacturing. We compare job …

Persistent link: https://www.econbiz.de/10011967931

Innovation and Job Creation in a Small Open Economy <br> Evidence from Norwegian Manufacturing Plants 1982-92

Klette, Tor Jakob; Førre, Svein Erik - Statistisk Sentralbyrå, Government of Norway - 1995

relationship between job creation and innovation, as measured by R&D investments, in Norwegian manufacturing. We compare job …

Persistent link: https://www.econbiz.de/10004980900

Innovation And Job Creation In A Smallopen Economy-Evidence From Norwegian Manufacturing Plants 1982-92

Klette, Jakob; Førre, Svein Erik - In: Economics of Innovation and New Technology 5 (1998) 2-4, pp. 247-272

relationship between job creation and innovation, as measured by R&D investments, in Norwegian manufacturing. We compare job …

Persistent link: https://www.econbiz.de/10009200543

R&D in boom and boost : evidence from the World Bank Financial Crisis Survey

Männasoo, Kadri; Meriküll, Jaanika - Eesti Pank - 2011

The full implications of the global financial crisis of 2008-2009 are yet to be revealed. The crucial question is whether a crisis of such severe magnitude will set \"cleansing mechanisms\" into motion as suggested by the opportunity cost argument of R&D, or rather destroy the long-term...

Persistent link: https://www.econbiz.de/10009197277

Technological Learning and Innovation: Climbing a Tall Ladder

Canuto, Otaviano; Dutz, Mark; Reis, José Guilherme - In: World Bank - Economic Premise (2010) 21, pp. 1-8

become an even more important determinant of growth through its impact on innovation. This note reviews global trends that … make a policy focus on technological learning and innovation more important than ever for developing countries. The note … innovation policy moving forward. Developing countries would benefit from an increased policy emphasis on technological learning …

Persistent link: https://www.econbiz.de/10008837654

Access to capital, investment, and the financial crisis

Kahle, Kathleen M.; Stulz, René M. - In: Journal of Financial Economics 110 (2013) 2, pp. 280-299

During the recent financial crisis, corporate borrowing and capital expenditures fall sharply. Most existing research links the two phenomena by arguing that a shock to bank lending (or, more generally, to the corporate credit supply) caused a reduction in capital expenditures. The economic...

Persistent link: https://www.econbiz.de/10010702375