Innovation

The New Company Law - What Matters in an Innovative Economy?

Bringing the AGM to the 21st Century: Blockchain and Smart Contracting Tech for Shareholder Involvement

The AGM is often considered to play an important role in direct shareholder monitoring of directors and corporate blockholders. However, its practical...

Do General Managerial Skills Spur Innovation?

We show that firms with chief executive officers (CEOs) who gain general managerial skills over their lifetime work experience produce more patents. We...

Creative Corporate Culture and Innovation

We define creative companies by means of the Competing Value Framework, and we identify them by means of textual analysis. We show that a creative...

Unbundling Banking, Money, and Payments

For centuries, our systems of banking, money, and payments have been legally and institutionally intertwined.  The fact that these...

Are Foreign Investors Locusts? The Long-Term Effects of Foreign Institutional Ownership

This paper challenges the view that foreign investors lead firms to adopt a short-term orientation and forgo long-term investment. Using a...

Teams and Bankruptcy

We study how the human capital embedded in teams is reallocated in corporate bankruptcies using data on US inventors. We find that bankruptcies reduce...

Employment protection and investment opportunities

Even though firms? innovation efforts dwindle in reaction to weaker employment protection legislation (EPL), we show that the value of their...

New Models of ‘Intelligent Investing’ for the Post-Crisis Economy

Is coronavirus accelerating the future? Will the crisis provide a tipping point that encourages corporations to promote socially desirable...

Conservatism and Innovation in Venture Capital Contracting

We conjecture that venture capitalists and their investors often fall prey to what is known as ?collective conservatism.? We investigate this...

Attracting the Sharks: Corporate Innovation and Securities Class Action Lawsuits

This paper provides novel evidence suggesting that securities class action lawsuits, a central pillar of the U.S. litigation and corporate...

Corporate Takeovers and Economic Efficiency

I review recent takeover research which advances our understanding of ?who buys who? in the drive for productive efficiency. This research provides...