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Technology, Information and the Decentralization of the Firm
Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; Van … - Institut für Schweizerisches Bankwesen <Zürich> - 2007
. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized … control, on the other hand, delegates authority to a manager with superior information. However, the manager can use her … informational advantage to make choices that are not in the best interest of the principal. As the available public information …
Persistent link: https://www.econbiz.de/10005857786
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Evidence on the Impact of Education on Innovation and Productivity
Junge, Martin; Severgnini, Battista; Sørensen, Anders - 2012
This paper investigates the importance of the educational mix of employees at the rm level for the probability of rms being involved in innovation activities. We distinguish between four types of innovation: product, process, organisational, and marketing innovation. Moreover, we consider three...
Persistent link: https://www.econbiz.de/10012142371
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Innovation and institutional ownership
Aghion, Philippe; Van Reenen, John; Zingales, Luigi - 2010
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...
Persistent link: https://www.econbiz.de/10008735730
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Corporate governance practices and companies' R&D orientation : evidence from European countries
Honoré, Florence; Munari, Federico; Van Pottelsberghe … - 2011
correlates with lower R&D intensity. An executive remuneration system that is linked to the firm's financial performance has a …
Persistent link: https://www.econbiz.de/10008907733
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Multiproduct multinationals and the quality of innovation
Bakhtiari, Sasan; Minniti, Antonio; Naghavi, Alireza - 2013
This research sheds light on the role of product scope on the innovation activity of multinational multi-product firms. We use patent citation data to break down innovation into two types by measuring the degree to which innovation performed by firms is fundamental and the extent to which the...
Persistent link: https://www.econbiz.de/10010189433
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Solar grid parity dynamics in Italy : a real option approach
Biondi, Tommaso; Moretto, Michele - 2013
Over the past three years Italy has witnessed a rapid growth in the photovoltaic energy market, followed by an equally sudden decline when the government decided to reduce the incentives. This sharp change in the trend of the market calls into question the achievement of Grid Parity and the...
Persistent link: https://www.econbiz.de/10010231713
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Product market competition, creative destruction and innovation
Griffith, Rachel; Van Reenen, John - 2021
We examine the economic analysis of the relationship between innovation and product market competition. First, we give a brief tour of the intellectual history of the area. Second, we examine how the Aghion-Howitt framework has influenced the development of the literature theoretically and...
Persistent link: https://www.econbiz.de/10012799785
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Efficient communication in organizations
Vaccari, Federico - 2022
Organizations design their communication structures to improve decision-making while limiting wasteful influence … activities. An efficient communication protocol grants completeinformation payoffs to all organization members, thereby … overcoming asymmetric information problems at no cost. This paper characterizes efficient protocols assuming that: (i) some …
Persistent link: https://www.econbiz.de/10013463790
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"Neighbors as competitors" or "neighbors as partners" : how does market segmentation affect regional energy efficiency in China?
Nie, Liang; Zhang, ZhongXiang - 2019
Existing studies have focused on the negative impact of inefficient resource allocation on energy performance in China …
Persistent link: https://www.econbiz.de/10012123215
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The gap that survived the transition : the gender wage gap over three decades in Estonia
Meriküll, Jaanika; Tverdostup, Maryna - 2021
This paper looks at the gender wage gap throughout the transition from communism to capitalism and throughout a time of rapid economic convergence. The case of Estonia is used, and micro data from the Labour Force Survey from 1989 to 2020 are employed. The communist regimes had highly regulated...
Persistent link: https://www.econbiz.de/10012607922