Financial Structure and Firm Innovation: Evidence from around the World
نویسندگان
چکیده
This paper analyzes the relationship between financial structure and innovation. Analysis of cross-country micro data over 2009–18 shows that a firm’s sources matter for choice to innovate extent which firm innovates. The is stronger firms relying on non-bank intermediaries in low-technology sectors. Moreover, use external finance associated with improved prospects innovation, especially more financially developed countries. These findings suggest developing sector can bring benefits terms
منابع مشابه
Thorsten Hansen: Innovation and the International Firm Structure: Theory and Evidence from German Firm-Level Data
This paper studies the impact of innovation on the organizational structure. The theoretical framework predicts that a larger parental pool of knowledge raises the probability of offshoring. This holds in a national as well as an international context. However, when the producer loses territorial protection, the changeover from non-integration to integration is delayed. Employing data on German...
متن کاملInnovation and the International Firm Structure: Theory and Evidence from German Firm-Level Data
This paper studies the impact of innovation on the organizational structure. The theoretical framework predicts that a larger parental pool of knowledge raises the probability of offshoring. This holds in a national as well as an international context. However, when the producer loses territorial protection, the changeover from non-integration to integration is delayed. Employing data on German...
متن کاملMeasuring Innovation Around the World
June 10, 2016 Abstract Research on corporate innovation often focuses on firms with positive US patent activity and reported R&D, thereby excluding over 90% of the firms in Compustat. By exploiting data from 30 global patent offices, we investigate the nature of missing innovation data in the US and around the world. We find systematic and predictable patterns across firms and countries for mis...
متن کاملComparability of Financial Reports and Negative Skewness of firm-Specific Monthly Returns: Evidence from Iranian firms
The present study aims to investigate the relationship between comparability of financial reports and negative coefficient of skewness of firm-specific monthly returns. In this study, to measure the financial statements comparability, De Franco et al. (2012) model is employed. Sample includes the 425 firm-year observations from companies listed on the Tehran Stock Exchange during the years 2013...
متن کاملFinancial Literacy around the World: an Overview.
In an increasingly risky and globalized marketplace, people must be able to make well-informed financial decisions. Yet new international research demonstrates that financial illiteracy is widespread when financial markets are well developed as in Germany, the Netherlands, Sweden, Japan, Italy, New Zealand, and the United States, or when they are changing rapidly as in Russia. Further, across t...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: World Bank policy research working paper
سال: 2021
ISSN: ['1813-9450']
DOI: https://doi.org/10.1596/1813-9450-9670