Guerini, Mattia; Harting, Philipp ; Napoletano, Mauro: Governance structure, technical change, and industry competition. In: . Jg.07-2020. 2020, S. 32 ff.
Inhalt
- Introduction
- Governance structure and firm innovation: two stylized facts
- Governance structure and firm investment choice: a static framework
- Governance structure, innovation and competition: a dynamic framework
- Competition and innovation in the goods market
- Financial markets and share prices determination
- The firm decision problem and stakeholders bargaining
- Calibration and empirical validation
- Results
- Discussion and conclusion
- Proofs
- Financial market clearing condition
- Derivation of the optimal choice
- Benchmark parametrization