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...

Family firms are known for their reluctance to invest in research and development. We show that strengthened trade secret protection is associated with higher R&D investment by family firms. More specifically, we show that the association between the strength of trade secret protection through...

The notion of programmable payments is not a radically new one. Basic programmable payments such as standing orders or direct debits already exist in our financial system. However, the capability of integrating complex business logic into the payment systems and making them inter-operable with...