Financing innovation

WR Kerr, R Nanda - Annual Review of Financial Economics, 2015 - annualreviews.org
We review the recent literature on the financing of innovation, inclusive of large companies
and new start-ups. This research strand has been very active over the past five years …

The effects of public and private equity markets on firm behavior

S Bernstein - Annual Review of Financial Economics, 2022 - annualreviews.org
In this article, I review the theoretical and empirical literature on the effects of public and
private equity markets on firm behavior, emphasizing the consequences that emerge from …

Integrating corporate social responsibility criteria into executive compensation and firm innovation: International evidence

A Tsang, KT Wang, S Liu, L Yu - Journal of Corporate Finance, 2021 - Elsevier
Using a large sample of firms from 30 countries, we find that the integration of corporate
social responsibility (CSR) criteria into executive compensation is associated with greater …

How does the green credit policy affect the technological innovation of enterprises? Evidence from China

S Zhang, Z Wu, Y He, Y Hao - Energy Economics, 2022 - Elsevier
Abstract Using 2008–2017 data on 1036 Chinese A-share listed companies, we investigate
the impact of the green credit policy (GCP) on corporate technological innovation (TI). We …

Are foreign investors locusts? The long-term effects of foreign institutional ownership

J Bena, MA Ferreira, P Matos, P Pires - Journal of Financial Economics, 2017 - Elsevier
This paper challenges the view that foreign investors lead firms to adopt a short-term
orientation and forgo long-term investment. Using a comprehensive sample of publicly listed …

Transparency and firm innovation

RI Zhong - Journal of Accounting and Economics, 2018 - Elsevier
Firm innovation drives both firm competitiveness and economic growth. Constructing a novel
firm-patent panel database from 29 countries, I find that transparency directly boosts …

Financial dependence and innovation: The case of public versus private firms

V Acharya, Z Xu - Journal of Financial Economics, 2017 - Elsevier
In this paper, we examine the relation between innovation and a firm's financial dependence
using a sample of privately held and publicly traded US firms. We find that public firms in …

The dark side of analyst coverage: The case of innovation

JJ He, X Tian - Journal of financial economics, 2013 - Elsevier
We examine the effects of financial analysts on the real economy in the case of innovation.
Our baseline results show that firms covered by a larger number of analysts generate fewer …

Finance and corporate innovation: A survey

J He, X Tian - Asia‐Pacific Journal of Financial Studies, 2018 - Wiley Online Library
Corporate innovation is an increasingly important topic that has attracted great attention from
academic researchers in financial economics in recent years. Although the top three finance …

Financial development and innovation: Cross-country evidence

PH Hsu, X Tian, Y Xu - Journal of financial economics, 2014 - Elsevier
We examine how financial market development affects technological innovation. Using a
large data set that includes 32 developed and emerging countries and a fixed effects …