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Public Sector Innovation Support by European States: Its Characteristics and Impact on Firms
Innovations Private sector Public sector
2016/1/27
In this paper we are concerned with the impact the public sector has on private sector innovation. Perhaps the most important issue is whether public sector innovation, or lack of it, impacts upon pri...
The Impact of Competition on Management Quality:Evidence from Public Hospitals
Management Hospitals Competition Productivity
2015/7/15
We analyse the causal impact of competition on managerial quality and hospital performance. To address the endogeneity of market structure we analyse the English public hospital sector where entry and...
Impact-adjusted valuation and the criticality of leverage
Impact-adjusted valuation criticality of leverage Risk Management
2012/4/28
The practice of valuation by marking-to-market with current trading prices is seriously flawed. Under leverage the problem is particularly dramatic: due to the concave form of market impact, selling a...
The authors thank the financial support of the Washington Center for China Studies and Ford Foundation, especially the valuable comments from Dr. Hao Jia and the program committee members. We would al...