Does knowledge from dirty technologies spill over to clean technologies? This question has implications for the ease of switching from dirty to clean R&D. We measure knowledge spillovers using the proportion of citations in clean patents that directly refer to dirty technologies and the degrees...

I show that the growing trend in financial services digitalization has introduced a new dimension along which commercial banks compete. Small community banks (SCBs) are slow to implement mobile technologies and lose deposits to larger, better-digitized banks following mobile infrastructure...

Advances in artificial intelligence (AI) have allowed for the wide application of AI in marketing. The general assumption of marketing theory currently is that AI should be used by companies to enable cheaper and more effective marketing, hence it is the supply side in the ‘seller-customer’...

We introduce a unique standards-based approach to the implementation of a Central Bank Digital Currency (CBDC) in this paper.The paper starts with a brief background of the work done by the authors on a suite of products targeting a digital marketplace to demonstrate competence and familiarity...

This study examines the impact of R&D investment on firm performance. This study limits the time frame from 2016 to 2021, and the data sample is the basic data of listed companies active in South America during these six years. Unlike previous studies, these six years included the outbreak and...

This research study measures Uber’s community support initiatives’ return on investment (ROI). The company examined is Uber Technologies Inc. (Uber), which donates time and resources to support communities in need after natural disasters or lack social support. This study will take a...

How do restrictions on labor mobility affect economic growth? We quantitatively answer this question with a dynamic agency model that jointly accounts for investment in intangible capital, knowledge spillovers, and the allocation of rents among investors and agents. Our calibration is...

This study provides a first comprehensive picture of the use of intellectual property (IP) rights as loan collateral, its determinants, and its impact on firm trajectories. Using novel administrative data, we exploit the French institutional setting and show that a broad set of firms from...

Drawing on a quasi-experiment, this paper analyzes the effects of providing a large amount of firm information on bank screening ability and lending activities, borrower operation activities, and banking market concentration. The experiment suggests that increasing the amount of information...