- particularly investment banks - to hide the extent of their leverage, to the detriment of all creditors. This article argues that …

model to legal valuation, and a small but growing body of scholarship endorses this concept. However, option theory is not …

incomplete information) and empowerment on trust (investment by a principal) and trustworthiness (reciprocal behavior of an agent …). We implement a simple two-person investment game. We find that when principals are empowered by being able to punish … agents who may not act in a way the principal believes is in the principal’s best interest, trust and investment increases …

aggressive development of a basic innovation by better informed venture-backed firms is used as a signaling device to enhance the … sale price of the innovation. We then show that incumbents can undertake early, preemptive, acquisitions to prevent such … signaling driven overinvestment, despite the risk of buying a non-productive innovation. Therefore, to exist in equilibrium …

medium Italian enterprises highlights the low use of capital, the local roots, the importance of product innovation, the … aspect stressed in the work is that the processes of innovation and internationalization that underlie the strategies of …

medium Italian enterprises highlights the low use of capital, the local roots, the importance of product innovation, the … aspect stressed in the work is that the processes of innovation and internationalization that underlie the strategies of …

of innovation as well as correlative data that show a negative correlation between income inequality and levels of … innovativeness. Our two models suggest that unequal access to problems slows innovation by reducing the level and variety of human … capital applied to problems. More interestingly, both models show that the rate of innovation decline becomes much more …