Sky Blog
In recent years, technological advances and structural shifts have catalyzed a surge in corporate investments in research and development (R&D), intellectual property, and other intangible assets. These developments reflect the growing importance of innovation-driven growth in the modern economy. In …
Institutional investors with long-term horizons, referred to as dedicated institutional investors, have a positive impact on corporate innovation. Studies (e.g., Gormley and Matsa, 2016; Jiang and Yuan, 2018; Kim, et al. 2019; Kedia et al., 2020) have consistently documented that …
Studies have shown that the disclosure of information can affect a company’s technological innovation in different ways, depending on how complete or timely it is. The complete disclosure can promote innovation by making capital providers more receptive to providing financing, …
Both formal and informal institutions affect economic behavior in important ways, as economist Douglass C. North explained in his 1993 Nobel Prize lecture. Formal institutions include laws and regulations, and informal institutions include culture and norms. In a recent study, …