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Tuomas Takalo

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Magnus Blomkvist & Timo Korkeamäki & Tuomas Takalo, 2022. "Learning and staged equity financing," Post-Print hal-03676319, HAL.

    Cited by:

    1. Azizjon Alimov & Michael G. Hertzel, 2024. "Staged financing of newly public firms around the world," Small Business Economics, Springer, vol. 63(4), pages 1641-1663, December.
    2. Dustin Bauer & Sebastian Junge & Tobias Reif, 2024. "May the resources be with you: a systematic review and framework of startup funding options," Management Review Quarterly, Springer, vol. 74(3), pages 1365-1396, September.

  2. Tukiainen, Janne & Takalo, Tuomas & Hulkkonen, Topi, 2018. "Relative age effects in political selection," Bank of Finland Research Discussion Papers 15/2018, Bank of Finland.

    Cited by:

    1. Cheng, Maoyong & Meng, Yu & Zhang, Muyang, 2024. "Blessing or bane: The absence of a leader, political selection, and economic growth," Journal of Economic Behavior & Organization, Elsevier, vol. 227(C).
    2. Pauline Givord, 2021. "How age at school entry affects future educational and socioemotional outcomes: Evidence from PISA," Working Papers hal-03386582, HAL.
    3. Pauline GIVORD, 2020. "How age at entry at school affects future educational and socio-emotional outcomes: evidence from PISA," Working Papers 2020-27, Center for Research in Economics and Statistics.
    4. Fumarco Luca & Carlsson Magnus & Gibbs Benjamin G., 2020. "Erasmus Exchange Program – A Matter of (Relatively) Older Students," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 20(4), pages 1-14, October.
    5. Alan Al Yussef & Bruno Heyndels & Pauline Le Boulaire, 2023. "Forever young: Relative age effects in Belgian political selection," Kyklos, Wiley Blackwell, vol. 76(4), pages 859-881, November.

  3. Tukiainen, Janne & Takalo, Tuomas & Hulkkonen, Topi, 2018. "Relative age effects in political selection," Bank of Finland Research Discussion Papers 15/2018, Bank of Finland.

    Cited by:

    1. Cheng, Maoyong & Meng, Yu & Zhang, Muyang, 2024. "Blessing or bane: The absence of a leader, political selection, and economic growth," Journal of Economic Behavior & Organization, Elsevier, vol. 227(C).
    2. Pauline Givord, 2021. "How age at school entry affects future educational and socioemotional outcomes: Evidence from PISA," Working Papers hal-03386582, HAL.
    3. Pauline GIVORD, 2020. "How age at entry at school affects future educational and socio-emotional outcomes: evidence from PISA," Working Papers 2020-27, Center for Research in Economics and Statistics.
    4. Fumarco Luca & Carlsson Magnus & Gibbs Benjamin G., 2020. "Erasmus Exchange Program – A Matter of (Relatively) Older Students," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 20(4), pages 1-14, October.
    5. Alan Al Yussef & Bruno Heyndels & Pauline Le Boulaire, 2023. "Forever young: Relative age effects in Belgian political selection," Kyklos, Wiley Blackwell, vol. 76(4), pages 859-881, November.

  4. Kultti, Klaus & Takalo, Tuomas & Vähämaa, Oskari, 2018. "Intermediation in a directed search model," Bank of Finland Research Discussion Papers 20/2018, Bank of Finland.

    Cited by:

    1. Klaus Kultti & Tuomas Takalo & Oskari Vähämaa, 2021. "Intermediation in a directed search model," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(2), pages 456-471, May.

  5. Toivanen, Otto & Takalo, Tuomas & Tanayama, Tanja, 2017. "Welfare Effects of R&D Support Policies," CEPR Discussion Papers 12155, C.E.P.R. Discussion Papers.

    Cited by:

    1. Saul Lach & Zvika Neeman & Mark Schankerman, 2020. "Government financing of R&D: A mechanism design approach," STICERD - Economics of Industry Papers 55, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    2. Ziesemer, Thomas, 2019. "The effects of R&D subsidies and publicly performed R&D on business R&D: A survey," MERIT Working Papers 2019-036, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    3. Florin G Maican & Matilda Orth & Mark J Roberts & Van Anh Vuong, 2023. "The Dynamic Impact of Exporting on Firm R&D Investment," Journal of the European Economic Association, European Economic Association, vol. 21(4), pages 1318-1362.
    4. Francesco Decarolis & Gaétan de Rassenfosse & Leonardo M. Giuffrida & Elisabetta Iossa & Vincenzo Mollisi & Emilio Raiteri & Giancarlo Spagnolo, 2021. "Buyers' role in innovation procurement: Evidence from US military R&D contracts," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(4), pages 697-720, November.
    5. Isabel Busom & Jorge Vélez-Ospina, 2020. "Subsidising Innovation over the Business Cycle," SPRU Working Paper Series 2020-09, SPRU - Science Policy Research Unit, University of Sussex Business School.
    6. Koehler, Mila, 2018. "Estimating the benefits of R&D subsidies for Germany," ZEW Discussion Papers 18-002, ZEW - Leibniz Centre for European Economic Research.
    7. Kovács, Olivér, 2020. "Gazellák az iparpolitika tükrében, I [Gazelles and industrial policy, Part 1]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 54-87.
    8. Aalto, Eero & Gustafsson, Robin, 2020. "Innovation Promotion Rationales and Impacts – A Review," ETLA Reports 99, The Research Institute of the Finnish Economy.

  6. Panu Poutvaara & Tuomas Takalo & Andreas Wagener, 2017. "The Optimal Duration of Contracts," CESifo Working Paper Series 6808, CESifo.

    Cited by:

    1. Stephen Spear & Cheng Wang, "undated". "When to Fire a CEO: Optimal Termination in Dynamic Contracts," GSIA Working Papers 2002-E5, Carnegie Mellon University, Tepper School of Business.
    2. Jan K. Brueckner & Stuart S. Rosenthal, 2022. "Tenant Riskiness, Contract Length, and the Term Structure of Commercial Leases," CESifo Working Paper Series 10189, CESifo.
    3. Katolnik, Svetlana & Hakenes, Hendrik, 2014. "On the Incentive Effect of Job Rotation," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100574, Verein für Socialpolitik / German Economic Association.

  7. Tukiainen, Janne & Takalo, Tuomas & Hulkkonen, Topi, 2017. "Gender Specific Relative Age Effects in Politics and Football," Working Papers 94, VATT Institute for Economic Research.

    Cited by:

    1. Shintaro Yamaguchi & Hirotake Ito & Makiko Nakamuro, 2020. "Month-of-Birth Effects on Skills and Skill Formation," RF Berlin - CReAM Discussion Paper Series 2015, Rockwool Foundation Berlin (RF Berlin) - Centre for Research and Analysis of Migration (CReAM).
    2. Yamaguchi, Shintaro & Ito, Hirotake & Nakamuro, Makiko, 2023. "Month-of-Birth Effects on Skills and Skill Formation," IZA Discussion Papers 15895, Institute of Labor Economics (IZA).
    3. YAMAGUCHI Shintaro & ITO Hirotake & NAKAMURO Makiko, 2020. "Month-of-Birth Effects on Skills and Skill Formation," Discussion papers 20079, Research Institute of Economy, Trade and Industry (RIETI).
    4. Shintaro Yamaguchi & Hirotake Ito & Makiko Nakamuro, 2020. "Month-of-Birth Effects on Skills and Skill Formation," CIRJE F-Series CIRJE-F-1153, CIRJE, Faculty of Economics, University of Tokyo.

  8. Haavio, Markus & Ripatti, Antti & Takalo, Tuomas, 2016. "Saving Wall Street or main street," Bank of Finland Research Discussion Papers 12/2016, Bank of Finland.

    Cited by:

    1. Silvo, Aino, 2018. "Information and credit cycles: Causes and consequences of financial instability," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number e52, July.

  9. Haavio, Markus & Ripatti, Antti & Takalo, Tuomas, 2016. "Saving Wall Street or main street," Bank of Finland Research Discussion Papers 12/2016, Bank of Finland.

    Cited by:

    1. Silvo, Aino, 2018. "Information and credit cycles: Causes and consequences of financial instability," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number e52, July.

  10. Stenbacka, Rune & Takalo, Tuomas, 2016. "Switching costs and financial stability," Bank of Finland Research Discussion Papers 2/2016, Bank of Finland.

    Cited by:

    1. Takalo, Tuomas, 2019. "Switching costs in the Finnish retail deposit market," Bank of Finland Research Discussion Papers 15/2019, Bank of Finland.
    2. Francesca Carapella & Jin-Wook Chang & Sebastian Infante & Melissa Leistra & Arazi Lubis & Alexandros Vardoulakis, 2024. "Financial Stability Implications of CBDC," Finance and Economics Discussion Series 2024-021, Board of Governors of the Federal Reserve System (U.S.).
    3. Miah, Mohammad Dulal & Kabir, Md. Nurul & Safiullah, Md, 2020. "Switching costs in Islamic banking: The impact on market power and financial stability," Journal of Behavioral and Experimental Finance, Elsevier, vol. 28(C).

  11. Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2013. "Market failures and the additionality effects of public support to private R&D: Theory and empirical implications," Bank of Finland Research Discussion Papers 2/2013, Bank of Finland.

    Cited by:

    1. Dejan Ravšelj & Aleksander Aristovnik, 2020. "The Impact of Public R&D Subsidies and Tax Incentives on Business R&D Expenditures," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 160-179.
    2. Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2022. "Welfare effects of R&D support policies," Bank of Finland Research Discussion Papers 2/2022, Bank of Finland.
    3. Ivana Blažková, 2016. "The Impact of the Public Support for R & D on the Economic Performance of SMEs," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 64(1), pages 213-222.
    4. Ester Martínez-Ros & Rasi Kunapatarawong, 2019. "The Impact of Innovation and Green Fiscal Incentives on Employment in Spain," Hacienda Pública Española / Review of Public Economics, IEF, vol. 231(4), pages 125-154, December.
    5. Ziesemer, Thomas, 2019. "The effects of R&D subsidies and publicly performed R&D on business R&D: A survey," MERIT Working Papers 2019-036, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    6. Meng Wei Chen & Yu Chen & Zhen-Hua Wu & Ningru Zhao, 2018. "Government Intervention, Innovation, and Entrepreneurship," Graz Economics Papers 2018-15, University of Graz, Department of Economics.
    7. Francesco Decarolis & Gaétan de Rassenfosse & Leonardo M. Giuffrida & Elisabetta Iossa & Vincenzo Mollisi & Emilio Raiteri & Giancarlo Spagnolo, 2021. "Buyers' role in innovation procurement: Evidence from US military R&D contracts," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(4), pages 697-720, November.
    8. Koehler, Mila & Peters, Bettina, 2017. "Subsidized and non-subsidized R&D projects: Do they differ?," ZEW Discussion Papers 17-042, ZEW - Leibniz Centre for European Economic Research.
    9. Montmartin, B. & Herrera, M. & Massard, N., 2015. "R&D policies in France: New evidence from a NUTS3 spatial analysis," Working Papers 2015-11, Grenoble Applied Economics Laboratory (GAEL).
    10. Chih-Sheng Hsieh & Michael D. König & Xiaodong Liu, 2012. "Network formation with local complements and global substitutes: the case of R&D networks," ECON - Working Papers 217, Department of Economics - University of Zurich, revised Feb 2017.
    11. Pablo Coca & Amabel García-Domínguez & Juan Claver, 2024. "Analysis of Restrictions on Public Funding and Management of R&D Projects Arising from Legislation: The Case of the Spanish Context," Administrative Sciences, MDPI, vol. 14(11), pages 1-24, November.
    12. Isabel Busom & Beatriz Corchuelo & Ester Martínez-Ros, 2017. "Participation inertia in R&D tax incentive and subsidy programs," Small Business Economics, Springer, vol. 48(1), pages 153-177, January.
    13. Hünermund, Paul & Czarnitzki, Dirk, 2016. "Estimating the local average treatment effect of R&D subsidies in a pan-European program," ZEW Discussion Papers 16-039, ZEW - Leibniz Centre for European Economic Research.
    14. Koehler, Mila, 2018. "Estimating the benefits of R&D subsidies for Germany," ZEW Discussion Papers 18-002, ZEW - Leibniz Centre for European Economic Research.
    15. Simona Mateut, 2018. "Subsidies, financial constraints and firm innovative activities in emerging economies," Small Business Economics, Springer, vol. 50(1), pages 131-162, January.
    16. Helena Lenihan & Kevin Mulligan & Justin Doran & Christian Rammer & Olubunmi Ipinnaiye, 2024. "R&D grants and R&D tax credits to foreign-owned subsidiaries: Does supporting multinational enterprises’ R&D pay off in terms of firm performance improvements for the host economy?," The Journal of Technology Transfer, Springer, vol. 49(2), pages 740-781, April.
    17. Rainer Widmann, 2023. "The Behavioral Additionality of Government Research Grants," Rationality and Competition Discussion Paper Series 417, CRC TRR 190 Rationality and Competition.
    18. Hünermund, Paul & Czarnitzki, Dirk, 2019. "Estimating the causal effect of R&D subsidies in a pan-European program," Research Policy, Elsevier, vol. 48(1), pages 115-124.
    19. Cho, Heejung & Ahn, Hyeongjin & Park, Eunil, 2024. "Data-driven analysis on the performance evaluation of national R&D projects in Korea," Evaluation and Program Planning, Elsevier, vol. 102(C).
    20. Torregrosa-Hetland, Sara & Pelkonen, Antti & Oksanen, Juha & Kander, Astrid, 2019. "The prevalence of publicly stimulated innovations –A comparison of Finland and Sweden, 1970–2013," Research Policy, Elsevier, vol. 48(6), pages 1373-1384.
    21. Cristiano Antonelli, 2020. "Knowledge exhaustibility public support to business R&D and the additionality constraint," The Journal of Technology Transfer, Springer, vol. 45(3), pages 649-663, June.
    22. Huergo, Elena & Trenado, Mayte & Ubierna, Andrés, 2016. "The impact of public support on firm propensity to engage in R&D: Spanish experience," Technological Forecasting and Social Change, Elsevier, vol. 113(PB), pages 206-219.
    23. Zhang, Chao & Guan, Jiancheng, 2021. "Returnee policies in China: Does a strategy of alleviating the financing difficulty of returnee firms promote innovation?," Technological Forecasting and Social Change, Elsevier, vol. 164(C).
    24. Isabel Busom & Beatriz Corchuelo & Ester Martínez-Ros, 2015. "Dynamics of firm participation in R&D tax credit and subsidy programs," Working Papers wpdea1503, Department of Applied Economics at Universitat Autonoma of Barcelona.
    25. Hottenrott, Hanna & Demeulemeester, Sarah, 2017. "R&D Subsidies and Firms’ Cost of Debt," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168093, Verein für Socialpolitik / German Economic Association.
    26. Paola Valbonesi & Federico Biagi, 2016. "Incentivising Innovation and Adoption of ICT: ICT Innovation Voucher Programmes," JRC Research Reports JRC104057, Joint Research Centre.
    27. María Engracia Rochina Barrachina & Jorge Antonio Rodríguez Moreno, 2024. "A possible mechanism for partial crowding‐out of R&D subsidies in developing countries," Review of Development Economics, Wiley Blackwell, vol. 28(1), pages 71-96, February.
    28. Widmann, Rainer, 2024. "The behavioral additionality of government research grants," International Journal of Industrial Organization, Elsevier, vol. 93(C).
    29. Anna D’Ambrosio & Roberto Gabriele & Francesco Schiavone & Manuel Villasalero, 2017. "The role of openness in explaining innovation performance in a regional context," The Journal of Technology Transfer, Springer, vol. 42(2), pages 389-408, April.
    30. Hünermund, Paul & Czarnitzki, Dirk, 2015. "Estimating the Local Average Treatment Effect of R&D Subsidies in a Virtual Common Pot," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112869, Verein für Socialpolitik / German Economic Association.
    31. Hottenrott, Hanna & Lopes-Bento, Cindy & Veugelers, Reinhilde, 2017. "Direct and cross scheme effects in a research and development," Research Policy, Elsevier, vol. 46(6), pages 1118-1132.

  12. Takalo, Tuomas & Schmiedel, Heiko & Martikainen, Emmi, 2013. "Convergence in European retail payments," Occasional Paper Series 147, European Central Bank.

    Cited by:

    1. Silva, Vânia G. & Ramalho, Esmeralda A. & Vieira, Carlos R., 2016. "The impact of SEPA in credit transfer payments: Evidence from the euro area," Research in International Business and Finance, Elsevier, vol. 38(C), pages 404-416.
    2. Hasan, Iftekhar & Martikainen, Emmi & Takalo, Tuomas, 2015. "Promoting efficient retail payments in Europe," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 8(4), pages 395-406, January.
    3. Peter Gomber & Jascha-Alexander Koch & Michael Siering, 2017. "Digital Finance and FinTech: current research and future research directions," Journal of Business Economics, Springer, vol. 87(5), pages 537-580, July.
    4. Vânia G. Silva & Esmeralda A. Ramalho & Carlos R. Vieira, 2017. "The Use of Cheques in the European Union: A Cross-Country Analysis," Open Economies Review, Springer, vol. 28(3), pages 581-602, July.
    5. Krivosheya, Egor & Korolev, Andrew, 2018. "Benefits of the retail payments card market: Evidence from Russian merchants," Journal of Business Research, Elsevier, vol. 88(C), pages 466-473.
    6. Gielens, Katrijn & Dekimpe, Marnik G. & Mukherjee, Anirban & Tuli, Kapil, 2023. "The future of private-label markets: A global convergence approach," International Journal of Research in Marketing, Elsevier, vol. 40(1), pages 248-267.
    7. Krivosheya, Egor & Korolev, Andrew, 2016. "Benefits of the retail payments card market: Russian cardholders' evidence," Journal of Business Research, Elsevier, vol. 69(11), pages 5034-5039.
    8. Polasik, Michał & Huterska, Agnieszka & Iftikhar, Rehan & Mikula, Štěpán, 2020. "The impact of Payment Services Directive 2 on the PayTech sector development in Europe," Journal of Economic Behavior & Organization, Elsevier, vol. 178(C), pages 385-401.
    9. Q. A. Meertens & C. G. H. Diks & H. J. van den Herik & F. W. Takes, 2020. "A data‐driven supply‐side approach for estimating cross‐border Internet purchases within the European Union," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 183(1), pages 61-90, January.
    10. Gielens, Katrijn & Dekimpe, Marnik & Mukherjee, A. & Tuli, Kapil R., 2023. "The future of private-label markets: A global convergence approach," Other publications TiSEM 06f4bad4-fc32-42f4-8b7f-2, Tilburg University, School of Economics and Management.
    11. Zhao, Chunkai & Wu, Yaqian & Guo, Jianhao, 2022. "Mobile payment and Chinese rural household consumption," China Economic Review, Elsevier, vol. 71(C).
    12. Yulia Titova & Delia Cornea & Sébastien Lemeunier, 2021. "What Factors Keep Cash Alive in the European Union?," De Economist, Springer, vol. 169(3), pages 291-317, August.
    13. Xin, Xinyi & Zhang, Anquan & Liu, Lu, 2024. "Study on the influence of Internet finance on urban household savings rate: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 90(C), pages 45-61.
    14. Natalia Grishchenko, 2024. "E-Commerce Cross-Border and Domestic Dynamics: Decision Tree and Spatial Insights on Seller Origin Impact," Businesses, MDPI, vol. 4(3), pages 1-29, July.

  13. Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2013. "Market failures and the additionality effects of public support to private R&D: Theory and empirical implications," Bank of Finland Research Discussion Papers 2/2013, Bank of Finland.

    Cited by:

    1. Dejan Ravšelj & Aleksander Aristovnik, 2020. "The Impact of Public R&D Subsidies and Tax Incentives on Business R&D Expenditures," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 160-179.
    2. Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2022. "Welfare effects of R&D support policies," Bank of Finland Research Discussion Papers 2/2022, Bank of Finland.
    3. Ivana Blažková, 2016. "The Impact of the Public Support for R & D on the Economic Performance of SMEs," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 64(1), pages 213-222.
    4. Ester Martínez-Ros & Rasi Kunapatarawong, 2019. "The Impact of Innovation and Green Fiscal Incentives on Employment in Spain," Hacienda Pública Española / Review of Public Economics, IEF, vol. 231(4), pages 125-154, December.
    5. Ziesemer, Thomas, 2019. "The effects of R&D subsidies and publicly performed R&D on business R&D: A survey," MERIT Working Papers 2019-036, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    6. Meng Wei Chen & Yu Chen & Zhen-Hua Wu & Ningru Zhao, 2018. "Government Intervention, Innovation, and Entrepreneurship," Graz Economics Papers 2018-15, University of Graz, Department of Economics.
    7. Francesco Decarolis & Gaétan de Rassenfosse & Leonardo M. Giuffrida & Elisabetta Iossa & Vincenzo Mollisi & Emilio Raiteri & Giancarlo Spagnolo, 2021. "Buyers' role in innovation procurement: Evidence from US military R&D contracts," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(4), pages 697-720, November.
    8. Koehler, Mila & Peters, Bettina, 2017. "Subsidized and non-subsidized R&D projects: Do they differ?," ZEW Discussion Papers 17-042, ZEW - Leibniz Centre for European Economic Research.
    9. Montmartin, B. & Herrera, M. & Massard, N., 2015. "R&D policies in France: New evidence from a NUTS3 spatial analysis," Working Papers 2015-11, Grenoble Applied Economics Laboratory (GAEL).
    10. Chih-Sheng Hsieh & Michael D. König & Xiaodong Liu, 2012. "Network formation with local complements and global substitutes: the case of R&D networks," ECON - Working Papers 217, Department of Economics - University of Zurich, revised Feb 2017.
    11. Pablo Coca & Amabel García-Domínguez & Juan Claver, 2024. "Analysis of Restrictions on Public Funding and Management of R&D Projects Arising from Legislation: The Case of the Spanish Context," Administrative Sciences, MDPI, vol. 14(11), pages 1-24, November.
    12. Isabel Busom & Beatriz Corchuelo & Ester Martínez-Ros, 2017. "Participation inertia in R&D tax incentive and subsidy programs," Small Business Economics, Springer, vol. 48(1), pages 153-177, January.
    13. Hünermund, Paul & Czarnitzki, Dirk, 2016. "Estimating the local average treatment effect of R&D subsidies in a pan-European program," ZEW Discussion Papers 16-039, ZEW - Leibniz Centre for European Economic Research.
    14. Koehler, Mila, 2018. "Estimating the benefits of R&D subsidies for Germany," ZEW Discussion Papers 18-002, ZEW - Leibniz Centre for European Economic Research.
    15. Simona Mateut, 2018. "Subsidies, financial constraints and firm innovative activities in emerging economies," Small Business Economics, Springer, vol. 50(1), pages 131-162, January.
    16. Helena Lenihan & Kevin Mulligan & Justin Doran & Christian Rammer & Olubunmi Ipinnaiye, 2024. "R&D grants and R&D tax credits to foreign-owned subsidiaries: Does supporting multinational enterprises’ R&D pay off in terms of firm performance improvements for the host economy?," The Journal of Technology Transfer, Springer, vol. 49(2), pages 740-781, April.
    17. Rainer Widmann, 2023. "The Behavioral Additionality of Government Research Grants," Rationality and Competition Discussion Paper Series 417, CRC TRR 190 Rationality and Competition.
    18. Hünermund, Paul & Czarnitzki, Dirk, 2019. "Estimating the causal effect of R&D subsidies in a pan-European program," Research Policy, Elsevier, vol. 48(1), pages 115-124.
    19. Cho, Heejung & Ahn, Hyeongjin & Park, Eunil, 2024. "Data-driven analysis on the performance evaluation of national R&D projects in Korea," Evaluation and Program Planning, Elsevier, vol. 102(C).
    20. Torregrosa-Hetland, Sara & Pelkonen, Antti & Oksanen, Juha & Kander, Astrid, 2019. "The prevalence of publicly stimulated innovations –A comparison of Finland and Sweden, 1970–2013," Research Policy, Elsevier, vol. 48(6), pages 1373-1384.
    21. Cristiano Antonelli, 2020. "Knowledge exhaustibility public support to business R&D and the additionality constraint," The Journal of Technology Transfer, Springer, vol. 45(3), pages 649-663, June.
    22. Huergo, Elena & Trenado, Mayte & Ubierna, Andrés, 2016. "The impact of public support on firm propensity to engage in R&D: Spanish experience," Technological Forecasting and Social Change, Elsevier, vol. 113(PB), pages 206-219.
    23. Zhang, Chao & Guan, Jiancheng, 2021. "Returnee policies in China: Does a strategy of alleviating the financing difficulty of returnee firms promote innovation?," Technological Forecasting and Social Change, Elsevier, vol. 164(C).
    24. Isabel Busom & Beatriz Corchuelo & Ester Martínez-Ros, 2015. "Dynamics of firm participation in R&D tax credit and subsidy programs," Working Papers wpdea1503, Department of Applied Economics at Universitat Autonoma of Barcelona.
    25. Hottenrott, Hanna & Demeulemeester, Sarah, 2017. "R&D Subsidies and Firms’ Cost of Debt," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168093, Verein für Socialpolitik / German Economic Association.
    26. Paola Valbonesi & Federico Biagi, 2016. "Incentivising Innovation and Adoption of ICT: ICT Innovation Voucher Programmes," JRC Research Reports JRC104057, Joint Research Centre.
    27. María Engracia Rochina Barrachina & Jorge Antonio Rodríguez Moreno, 2024. "A possible mechanism for partial crowding‐out of R&D subsidies in developing countries," Review of Development Economics, Wiley Blackwell, vol. 28(1), pages 71-96, February.
    28. Widmann, Rainer, 2024. "The behavioral additionality of government research grants," International Journal of Industrial Organization, Elsevier, vol. 93(C).
    29. Anna D’Ambrosio & Roberto Gabriele & Francesco Schiavone & Manuel Villasalero, 2017. "The role of openness in explaining innovation performance in a regional context," The Journal of Technology Transfer, Springer, vol. 42(2), pages 389-408, April.
    30. Hünermund, Paul & Czarnitzki, Dirk, 2015. "Estimating the Local Average Treatment Effect of R&D Subsidies in a Virtual Common Pot," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112869, Verein für Socialpolitik / German Economic Association.
    31. Hottenrott, Hanna & Lopes-Bento, Cindy & Veugelers, Reinhilde, 2017. "Direct and cross scheme effects in a research and development," Research Policy, Elsevier, vol. 46(6), pages 1118-1132.

  14. Moreno, Diego & Takalo, Tuomas, 2012. "Optimal bank transparency," Bank of Finland Research Discussion Papers 9/2012, Bank of Finland.

    Cited by:

    1. Michal Munk & Anna Pilkova & Lubomir Benko & Petra Blažeková, 2017. "Pillar 3: market discipline of the key stakeholders in CEE commercial bank and turbulent times," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 18(5), pages 954-973, September.
    2. Etienne Farvaque & Catherine Refait-Alexandre, 2015. "Les exigences de transparence des accords de Bâle: Aubaine ou fardeau pour les pays en développement ?," Working Papers hal-01376914, HAL.
    3. Mei Li & Frank Milne & Junfeng Qiu, 2015. "Central Bank Screening, Moral Hazard, and the Lender of Last Resort Policy," Working Papers 1506, University of Guelph, Department of Economics and Finance.
    4. König-Kersting, Christian & Trautmann, Stefan T. & Vlahu, Razvan, 2020. "Bank instability: Interbank linkages and the role of disclosure," Bank of Finland Research Discussion Papers 14/2020, Bank of Finland.
    5. Wang, Bo, 2022. "Ambiguity aversion and amplification of financial crisis," Journal of Banking & Finance, Elsevier, vol. 142(C).
    6. Shailesh Rastogi & Bhakti Agarwal, 2023. "Transparency and disclosure (TD) and valuation of Indian banks," Bank i Kredyt, Narodowy Bank Polski, vol. 54(5), pages 519-540.
    7. Moreno, Diego & Takalo, Tuomas, 2021. "Precision of public information disclosures, banks' stability and welfare," Bank of Finland Research Discussion Papers 3/2021, Bank of Finland.
    8. Bo, Wang & Suli, Zheng, 2020. "Heterogeneous fragility, systematic panic and optimal transparency," Economics Letters, Elsevier, vol. 191(C).
    9. Ahnert, Toni & Martinez-Miera, David, 2021. "Bank Runs, Bank Competition and Opacity," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242348, Verein für Socialpolitik / German Economic Association.
    10. Van dan Dang, 2022. "Financial reporting and bank development: Evidence from Vietnam," Economics Bulletin, AccessEcon, vol. 42(3), pages 1688-1705.
    11. Jin Cao & Ragnar E. Juelsrud, 2020. "Opacity and risk-taking: Evidence from Norway," Working Paper 2020/12, Norges Bank.
    12. Irina Andrievskaya & Mikhail Raschupkin, 2015. "Is it Worth Being Transparent? Evidence from the Russian Banking System," HSE Working papers WP BRP 51/FE/2015, National Research University Higher School of Economics.
    13. Ryuichiro Izumi, 2021. "Opacity: Insurance and Fragility," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 40, pages 146-169, April.
    14. Xuanling MA & Meng JI, 2023. "Analysis on Liquidity Risk Management of Monetary and Financial Services based on the Goal of Financial Stability," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 72-91, June.
    15. Poshakwale, Sunil & Aghanya, Daniel & Agarwal, Vineet, 2020. "The impact of regulations on compliance costs, risk-taking, and reporting quality of the EU banks," International Review of Financial Analysis, Elsevier, vol. 68(C).
    16. Andrievskaya, Irina & Semenova, Maria, 2016. "Does banking system transparency enhance bank competition? Cross-country evidence," Journal of Financial Stability, Elsevier, vol. 23(C), pages 33-50.
    17. Moreno, Diego & Takalo, Tuomas, 2024. "Stress test precision and bank competition," Economics Letters, Elsevier, vol. 238(C).
    18. Moreno, Diego & Takalo, Tuomas, 2024. "Stress test precision and bank competition," Bank of Finland Research Discussion Papers 3/2024, Bank of Finland.
    19. Beatty, Anne & Liao, Scott, 2014. "Financial accounting in the banking industry: A review of the empirical literature," Journal of Accounting and Economics, Elsevier, vol. 58(2), pages 339-383.

  15. Moreno, Diego & Takalo, Tuomas, 2012. "Optimal bank transparency," Bank of Finland Research Discussion Papers 9/2012, Bank of Finland.

    Cited by:

    1. Michal Munk & Anna Pilkova & Lubomir Benko & Petra Blažeková, 2017. "Pillar 3: market discipline of the key stakeholders in CEE commercial bank and turbulent times," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 18(5), pages 954-973, September.
    2. Etienne Farvaque & Catherine Refait-Alexandre, 2015. "Les exigences de transparence des accords de Bâle: Aubaine ou fardeau pour les pays en développement ?," Working Papers hal-01376914, HAL.
    3. Mei Li & Frank Milne & Junfeng Qiu, 2015. "Central Bank Screening, Moral Hazard, and the Lender of Last Resort Policy," Working Papers 1506, University of Guelph, Department of Economics and Finance.
    4. König-Kersting, Christian & Trautmann, Stefan T. & Vlahu, Razvan, 2020. "Bank instability: Interbank linkages and the role of disclosure," Bank of Finland Research Discussion Papers 14/2020, Bank of Finland.
    5. Wang, Bo, 2022. "Ambiguity aversion and amplification of financial crisis," Journal of Banking & Finance, Elsevier, vol. 142(C).
    6. Shailesh Rastogi & Bhakti Agarwal, 2023. "Transparency and disclosure (TD) and valuation of Indian banks," Bank i Kredyt, Narodowy Bank Polski, vol. 54(5), pages 519-540.
    7. Moreno, Diego & Takalo, Tuomas, 2021. "Precision of public information disclosures, banks' stability and welfare," Bank of Finland Research Discussion Papers 3/2021, Bank of Finland.
    8. Bo, Wang & Suli, Zheng, 2020. "Heterogeneous fragility, systematic panic and optimal transparency," Economics Letters, Elsevier, vol. 191(C).
    9. Ahnert, Toni & Martinez-Miera, David, 2021. "Bank Runs, Bank Competition and Opacity," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242348, Verein für Socialpolitik / German Economic Association.
    10. Van dan Dang, 2022. "Financial reporting and bank development: Evidence from Vietnam," Economics Bulletin, AccessEcon, vol. 42(3), pages 1688-1705.
    11. Jin Cao & Ragnar E. Juelsrud, 2020. "Opacity and risk-taking: Evidence from Norway," Working Paper 2020/12, Norges Bank.
    12. Irina Andrievskaya & Mikhail Raschupkin, 2015. "Is it Worth Being Transparent? Evidence from the Russian Banking System," HSE Working papers WP BRP 51/FE/2015, National Research University Higher School of Economics.
    13. Ryuichiro Izumi, 2021. "Opacity: Insurance and Fragility," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 40, pages 146-169, April.
    14. Xuanling MA & Meng JI, 2023. "Analysis on Liquidity Risk Management of Monetary and Financial Services based on the Goal of Financial Stability," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 72-91, June.
    15. Poshakwale, Sunil & Aghanya, Daniel & Agarwal, Vineet, 2020. "The impact of regulations on compliance costs, risk-taking, and reporting quality of the EU banks," International Review of Financial Analysis, Elsevier, vol. 68(C).
    16. Andrievskaya, Irina & Semenova, Maria, 2016. "Does banking system transparency enhance bank competition? Cross-country evidence," Journal of Financial Stability, Elsevier, vol. 23(C), pages 33-50.
    17. Moreno, Diego & Takalo, Tuomas, 2024. "Stress test precision and bank competition," Economics Letters, Elsevier, vol. 238(C).
    18. Moreno, Diego & Takalo, Tuomas, 2024. "Stress test precision and bank competition," Bank of Finland Research Discussion Papers 3/2024, Bank of Finland.
    19. Beatty, Anne & Liao, Scott, 2014. "Financial accounting in the banking industry: A review of the empirical literature," Journal of Accounting and Economics, Elsevier, vol. 58(2), pages 339-383.

  16. Kopsakangas-Savolainen, Maria & Takalo, Tuomas, 2012. "Competition before sunset: The case of the Finnish ATM market," Bank of Finland Research Discussion Papers 32/2012, Bank of Finland.

    Cited by:

    1. Markkula, Tuomas & Takalo, Tuomas, 2021. "Competition and regulation in the Finnish ATM industry," BoF Economics Review 8/2021, Bank of Finland.

  17. Kopsakangas-Savolainen, Maria & Takalo, Tuomas, 2012. "Competition before sunset: The case of the Finnish ATM market," Bank of Finland Research Discussion Papers 32/2012, Bank of Finland.

    Cited by:

    1. Markkula, Tuomas & Takalo, Tuomas, 2021. "Competition and regulation in the Finnish ATM industry," BoF Economics Review 8/2021, Bank of Finland.

  18. Takalo, Tuomas, 2009. "Rationales and Instruments for Public Innovation Policies," Discussion Papers 1185, The Research Institute of the Finnish Economy.

    Cited by:

    1. Hasan, Iftekhar & Martikainen, Emmi & Takalo, Tuomas, 2015. "Promoting efficient retail payments in Europe," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 8(4), pages 395-406, January.
    2. Meng Wei Chen & Yu Chen & Zhen-Hua Wu & Ningru Zhao, 2018. "Government Intervention, Innovation, and Entrepreneurship," Graz Economics Papers 2018-15, University of Graz, Department of Economics.
    3. André Stel & Serhiy Lyalkov & Ana Millán & José María Millán, 2019. "The moderating role of IPR on the relationship between country-level R&D and individual-level entrepreneurial performance," The Journal of Technology Transfer, Springer, vol. 44(5), pages 1427-1450, October.
    4. Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2013. "Market failures and the additionality effects of public support to private R&D: Theory and empirical implications," Bank of Finland Research Discussion Papers 2/2013, Bank of Finland.
    5. Ben R. Martin, 2015. "R&D Policy Instruments: A Critical Review of What We Do & Don't Know," Working Papers wp476, Centre for Business Research, University of Cambridge.
    6. Grimsby, Gjermund, 2018. "Partly risky, partly solid – Performance study of public innovation loans," Research Policy, Elsevier, vol. 47(7), pages 1344-1365.
    7. Krieger, Bastian & Licht, Georg & Pellens, Maikel, 2018. "New perspectives in European innovation policy," ZEW policy briefs 7/2018, ZEW - Leibniz Centre for European Economic Research.
    8. Bohnstedt, Anna, 2014. "Are Public and Private R&D Investments Complements or Substitutes?," Ruhr Economic Papers 485, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    9. Hongqi Wang & Tianyi Zhao & Sarah Y. Cooper & Shanshan Wang & Richard T. Harrison & Zhongji Yang, 2023. "Effective policy mixes in entrepreneurial ecosystems: a configurational analysis in China," Small Business Economics, Springer, vol. 60(4), pages 1509-1542, April.

  19. Komulainen, Mari & Takalo, Tuomas, 2009. "Does State Street lead to Europe? The case of financial exchange innovations," Bank of Finland Research Discussion Papers 22/2009, Bank of Finland.

    Cited by:

    1. Hasan Cömert & Gerald Epstein, 2016. "Finansal Yenilik Yazinindaki Son Gelismeler," STPS Working Papers 1604, STPS - Science and Technology Policy Studies Center, Middle East Technical University, revised Jan 2016.

  20. Komulainen, Mari & Takalo, Tuomas, 2009. "Does State Street lead to Europe? The case of financial exchange innovations," Bank of Finland Research Discussion Papers 22/2009, Bank of Finland.

    Cited by:

    1. Hasan Cömert & Gerald Epstein, 2016. "Finansal Yenilik Yazinindaki Son Gelismeler," STPS Working Papers 1604, STPS - Science and Technology Policy Studies Center, Middle East Technical University, revised Jan 2016.

  21. Hyytinen, Ari & Takalo, Tuomas, 2008. "Consumer awareness and the use of payment media: evidence from young Finnish consumers," Bank of Finland Research Discussion Papers 2/2008, Bank of Finland.

    Cited by:

    1. Hasan, Iftekhar & Martikainen, Emmi & Takalo, Tuomas, 2015. "Promoting efficient retail payments in Europe," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 8(4), pages 395-406, January.
    2. Rochet, Jean-Charles & Wright, Julian, 2010. "Credit card interchange fees," Journal of Banking & Finance, Elsevier, vol. 34(8), pages 1788-1797, August.
    3. Takalo, Tuomas & Schmiedel, Heiko & Martikainen, Emmi, 2013. "Convergence in European retail payments," Occasional Paper Series 147, European Central Bank.
    4. Filotto, Umberto & Salerno, Dario & Sampagnaro, Gabriele & Stella, Gian Paolo, 2024. "Riding the wave of change: Buy now, pay later as a disruptive threat to payment cards in the global market," Research in International Business and Finance, Elsevier, vol. 72(PA).
    5. Kopsakangas-Savolainen, Maria & Takalo, Tuomas, 2012. "Competition before sunset: The case of the Finnish ATM market," Bank of Finland Research Discussion Papers 32/2012, Bank of Finland.
    6. Anneke Kosse, 2013. "The Safety of Cash and Debit Cards: A Study on the Perception and Behavior of Dutch Consumers," International Journal of Central Banking, International Journal of Central Banking, vol. 9(4), pages 77-98, December.

  22. Takalo, Tuomas & Tanayama, Tanja, 2008. "Adverse selection and financing of innovation: is there a need for R&D subsidies?," Bank of Finland Research Discussion Papers 19/2008, Bank of Finland.

    Cited by:

    1. Alicia Mas-Tur & Domingo Ribeiro Soriano, 2014. "The level of innovation among young innovative companies: the impacts of knowledge-intensive services use, firm characteristics and the entrepreneur attributes," Service Business, Springer;Pan-Pacific Business Association, vol. 8(1), pages 51-63, March.
    2. Vu, Quang & Tran, Tuyen Quang, 2021. "Government financial support and firm productivity in vietnam," Finance Research Letters, Elsevier, vol. 40(C).
    3. Brautzsch, Hans-Ulrich & Günther, Jutta & Loose, Brigitte & Ludwig, Udo & Nulsch, Nicole, 2015. "Can R&D subsidies counteract the economic crisis? – Macroeconomic effects in Germany," Research Policy, Elsevier, vol. 44(3), pages 623-633.
    4. Bellucci, Andrea & Pennacchio, Luca & Zazzaro, Alberto, 2023. "Debt financing of SMEs: The certification role of R&D Subsidies," International Review of Financial Analysis, Elsevier, vol. 90(C).
    5. Sasan Bakhtiari & Robert Breunig & Lisa Magnani & Jacquelyn Zhang, 2020. "Financial Constraints and Small and Medium Enterprises: A Review," The Economic Record, The Economic Society of Australia, vol. 96(315), pages 506-523, December.
    6. Chenghua Guan & Shengxue Jin, 2023. "Does the Type of Funding Affect Innovation? Evidence from Incubators in China," Sustainability, MDPI, vol. 15(3), pages 1-19, January.
    7. Edina Berlinger & Anita Lovas & Péter Juhász, 2017. "State subsidy and moral hazard in corporate financing," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 25(4), pages 743-770, December.
    8. Laura Barbieri & Daniela Bragoli & Flavia Cortelezzi & Giovanni Marseguerra, 2015. "Public Support to Innovation Strategies," DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali dises1509, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    9. David Urbano & Maribel Guerrero & João J. Ferreira & Cristina I. Fernandes, 2019. "New technology entrepreneurship initiatives: Which strategic orientations and environmental conditions matter in the new socio-economic landscape?," The Journal of Technology Transfer, Springer, vol. 44(5), pages 1577-1602, October.
    10. Luo, Xingwu & Huang, Feifei & Tang, Xiaobo & Li, Jialong, 2021. "Government subsidies and firm performance: Evidence from high-tech start-ups in China," Emerging Markets Review, Elsevier, vol. 49(C).
    11. Ge, Jiali & Fu, Yang & Xie, Rui & Liu, Yu & Mo, Wenyang, 2018. "The effect of GVC embeddedness on productivity improvement: From the perspective of R&D and government subsidy," Technological Forecasting and Social Change, Elsevier, vol. 135(C), pages 22-31.
    12. Licheng Yang & Shijie Song & Chunlin Liu, 2024. "Green signals: The impact of environmental protection support policies on firms' green innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3258-3278, May.
    13. Lamberova, Natalia, 2021. "The puzzling politics of R&D: Signaling competence through risky projects," Journal of Comparative Economics, Elsevier, vol. 49(3), pages 801-818.
    14. Galán-Zazo, José I. & Forcadell, Francisco Javier & Zúñiga-Vicente, José Ángel, 2012. "Assessing the effect of public subsidies on firm R&D investment : a survey," UC3M Working papers. Economics we1215, Universidad Carlos III de Madrid. Departamento de Economía.
    15. Licht, Georg & Crass, Dirk & Eckert, Thomas & Sellenthin, Mark O. & Pfirrmann, Oliver & Heinrich, Stephan & Strohmeyer, Robert & Tonoyan, Vartuhi & Woywode, Michael, 2012. "Ex-post-Evaluierung der Fördermaßnahmen BioChance und BioChancePlus im Rahmen der Systemevaluierung "KMU-innovativ": Begleit- und Wirkungsforschung zur Hightech-Strategie," ZEW Expertises, ZEW - Leibniz Centre for European Economic Research, number 110559, March.
    16. Robin Kleer, 2008. "Government R&D Subsidies as a Signal for Private Investors," Working Papers 066, Bavarian Graduate Program in Economics (BGPE).
    17. Hasan Bakhshi & John Edwards & Stephen Roper & Judy Scully & Duncan Shaw & Lorraine Morley & Nicola Rathbone, 2013. "An Experimental Approach to Industrial Policy Evaluation: The case of Creative Credits," Research Papers 0004, Enterprise Research Centre.
    18. Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2022. "Welfare effects of R&D support policies," Bank of Finland Research Discussion Papers 2/2022, Bank of Finland.
    19. Xinlei Qian & Minghao Sun & Minjie Pan & Weiyong Zou & Guoxiang Li, 2023. "Intellectual property rights policy and foreign direct investment: A quasi‐natural experiment from China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(4), pages 2378-2392, June.
    20. Xu, Zhe & Meng, Lu & He, Dan & Shi, Xiaoliang & Chen, Ke, 2022. "Government Support's signaling effect on credit financing for new-energy enterprises," Energy Policy, Elsevier, vol. 164(C).
    21. Simon Mosey & Maribel Guerrero & Andrew Greenman, 2017. "Technology entrepreneurship research opportunities: insights from across Europe," The Journal of Technology Transfer, Springer, vol. 42(1), pages 1-9, February.
    22. Yun‐an Bai, 2022. "Corporate social responsibility and corporate innovation output: Empirical evidence based on Chinese listed companies," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3534-3547, December.
    23. Bongsuk Sung & Myoung Shik Choi & Woo-Yong Song, 2019. "Exploring the Effects of Government Policies on Economic Performance: Evidence Using Panel Data for Korean Renewable Energy Technology Firms," Sustainability, MDPI, vol. 11(8), pages 1-19, April.
    24. Ziesemer, Thomas, 2019. "The effects of R&D subsidies and publicly performed R&D on business R&D: A survey," MERIT Working Papers 2019-036, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    25. Lin Yu & Xiuhua Xu & Weijie Zhang & Zhouping Fu & Zhenyu Wu, 2024. "Unveiling Knowledge Economy Dynamics in China: Insights into Creation, Diffusion, and Application Across Varied Contexts," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 1-24, September.
    26. Hu, Yefei & Liu, Dayong, 2022. "Government as a non-financial participant in innovation: How standardization led by government promotes regional innovation performance in China," Technovation, Elsevier, vol. 114(C).
    27. Conor O’Kane & Jing A. Zhang & Jarrod Haar & James A. Cunningham, 2023. "How scientists interpret and address funding criteria: value creation and undesirable side effects," Small Business Economics, Springer, vol. 61(2), pages 799-826, August.
    28. Meuleman, Miguel & De Maeseneire, Wouter, 2012. "Do R&D subsidies affect SMEs’ access to external financing?," Research Policy, Elsevier, vol. 41(3), pages 580-591.
    29. Busom, Isabel & Corchuelo, Beatriz & Martinez Ros, Ester, 2012. "Tax incentives or subsidies for R&D?," MERIT Working Papers 2012-056, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    30. André Stel & Serhiy Lyalkov & Ana Millán & José María Millán, 2019. "The moderating role of IPR on the relationship between country-level R&D and individual-level entrepreneurial performance," The Journal of Technology Transfer, Springer, vol. 44(5), pages 1427-1450, October.
    31. Ting Feng & Zhongyi Xue, 2023. "The impact of government subsidies on corporate resilience: evidence from the COVID-19 shock," Economic Change and Restructuring, Springer, vol. 56(6), pages 4199-4221, December.
    32. Takalo, Tuomas, 2009. "Rationales and Instruments for Public Innovation Policies," Discussion Papers 1185, The Research Institute of the Finnish Economy.
    33. Chiappini, Raphaël & Montmartin, Benjamin & Pommet, Sophie & Demaria, Samira, 2022. "Can direct innovation subsidies relax SMEs’ financial constraints?," Research Policy, Elsevier, vol. 51(5).
    34. Lu Zhang & Jiakui Chen & Ziyi Liu & Zhiyuan Hao, 2023. "Digital Inclusive Finance, Financing Constraints, and Technological Innovation of SMEs—Differences in the Effects of Financial Regulation and Government Subsidies," Sustainability, MDPI, vol. 15(9), pages 1-20, April.
    35. Wenli Zhao & Guangyu Ye & Guangyi Xu & Chong Liu & Dandan Deng & Ming Huang, 2022. "CSR and Long-Term Corporate Performance: The Moderating Effects of Government Subsidies and Peer Firm’s CSR," Sustainability, MDPI, vol. 14(9), pages 1-13, May.
    36. Bakhtiari, Sasan, 2021. "Government financial assistance as catalyst for private financing," International Review of Economics & Finance, Elsevier, vol. 72(C), pages 59-78.
    37. Massimo Colombo & Philippe Mustar & Mike Wright, 2010. "Dynamics of Science-based entrepreneurship," The Journal of Technology Transfer, Springer, vol. 35(1), pages 1-15, February.
    38. Sean Kruger & Adriana Aletta Steyn, 2020. "Enhancing technology transfer through entrepreneurial development: practices from innovation spaces," The Journal of Technology Transfer, Springer, vol. 45(6), pages 1655-1689, December.
    39. Daniel Smith & Maryann Feldman & Gary Anderson, 2018. "The longer term effects of federal subsidies on firm survival: evidence from the advanced technology program," The Journal of Technology Transfer, Springer, vol. 43(3), pages 593-614, June.
    40. Tang, Dapeng & Yu, Qian & Gebrehans, Mebrahtu Tesfagebreal & Wang, Lulu, 2023. "The asymmetric innovation effects of heterogeneous government subsidies: A new perspective from GDP target deviation," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
    41. Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2013. "Market failures and the additionality effects of public support to private R&D: Theory and empirical implications," Bank of Finland Research Discussion Papers 2/2013, Bank of Finland.
    42. Linjie Feng & Huangxin Chen & Yuriy Bilan & Salahuddin Khan & Weipeng Zhan, 2024. "Green innovation: the role of government subsidies under the system of digital finance -based on a zero-inflated negative binomial model," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(11), pages 29621-29642, November.
    43. Yu, Feifei & Wang, Liting & Li, Xiaotong, 2020. "The effects of government subsidies on new energy vehicle enterprises: The moderating role of intelligent transformation," Energy Policy, Elsevier, vol. 141(C).
    44. Yan, Ziqiao & Li, Yue, 2018. "Signaling through government subsidy: Certification or endorsement," Finance Research Letters, Elsevier, vol. 25(C), pages 90-95.
    45. Coldbeck, Beata & Ozkan, Aydin, 2018. "Comparison of adjustment speeds in target research and development and capital investment: What did the financial crisis of 2007 change?," Journal of Business Research, Elsevier, vol. 84(C), pages 1-10.
    46. Zhang, Ke & Zhang, Xujun & Xiong, Lingyun & Rao, Bin, 2024. "The stabilizing effect of government guarantees in real economy investment: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 219-240.
    47. Marco Mariani & Fabrizia Mealli, 2018. "The Effects of R&D Subsidies to Small and Medium-Sized Enterprises. Evidence from a Regional Program," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 4(2), pages 249-281, July.
    48. Nguyen Trong, Co & Vu Van, Huong & Bartolacci, Francesca, 2017. "Government support and firm financial performance: New evidence from a transitional economy," MPRA Paper 81752, University Library of Munich, Germany.
    49. Guerrero, Maribel & Siegel, Donald S., 2024. "Schumpeter meets Teece: Proposed metrics for assessing entrepreneurial innovation and dynamic capabilities in entrepreneurial ecosystems in an emerging economy," Research Policy, Elsevier, vol. 53(5).
    50. Gamal Atallah, 2014. "Conditional R&D subsidies," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 23(2), pages 179-214, March.
    51. Jiang, Zihao & Shi, Jiarong, 2023. "Government intervention and technological innovation in the wind power industry in China: The role of industrial environmental turbulence," Applied Energy, Elsevier, vol. 344(C).
    52. Tao Zhu & Huatao Peng, 2022. "Research on the Impact of Ambidextrous Innovation on Sustainable Entrepreneurial Performance from a Policy-Oriented Perspective," Sustainability, MDPI, vol. 14(18), pages 1-17, September.
    53. Ajibola A. AKINYEMI & Wisdom OKERE & Lookman O. GBADAMOSI, 2023. "Formal Financing Options And Small And Medium Scale Enterprises Performance. The Case Of Ota, Ogun State Nigeria," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 8(2), pages 23-32, September.
    54. Daniel NEICU, 2019. "Evaluating the Effects of an R&D Policy Mix of Subsidies and Tax Credits," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 4(2), pages 1-13, June.
    55. Uwe Cantner & Sarah Kösters, 2012. "Picking the winner? Empirical evidence on the targeting of R&D subsidies to start-ups," Small Business Economics, Springer, vol. 39(4), pages 921-936, November.
    56. Otto Toivanen, 2009. "Innovation Policy, Entrepreneurship, and Development: A Finnish View," WIDER Working Paper Series RP2009-48, World Institute for Development Economic Research (UNU-WIDER).
    57. Desiderio Romero-Jordán & María Delgado-Rodríguez & Inmaculada Álvarez-Ayuso & Sonia Lucas-Santos, 2014. "Assessment of the public tools used to promote R&D investment in Spanish SMEs," Small Business Economics, Springer, vol. 43(4), pages 959-976, December.
    58. Weiwei Gao & Ting Cao & Zhen Huang, 2021. "Do outsiders listen to insiders? The role of government support in market reactions to earnings announcements," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(4), pages 781-795, June.
    59. Serenella Caravella & Francesco Crespi, 2021. "The role of public procurement as innovation lever: evidence from Italian manufacturing firms," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 30(7), pages 663-684, October.
    60. Giebel, Marek & Kraft, Kornelius, 2021. "Subsidies and innovation in the recent financial crisis," ZEW Discussion Papers 21-097, ZEW - Leibniz Centre for European Economic Research.
    61. Andrea Bellucci & Luca Pennacchio & Alberto Zazzaro, 2019. "R&D Subsidies and Firms’ Debt Financing," CSEF Working Papers 527, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    62. M. Belén Guercio & Lisana B. Martinez & Aurelio F. Bariviera, 2019. "SME Steeplechase: When Obtaining Money Is Harder Than Innovating," IJFS, MDPI, vol. 7(2), pages 1-14, May.
    63. Ensthaler, Ludwig & Giebe, Thomas, 2014. "A dynamic auction for multi-object procurement under a hard budget constraint," Research Policy, Elsevier, vol. 43(1), pages 179-189.
    64. Christian Sandström & Karl Wennberg & Martin W. Wallin & Yulia Zherlygina, 2018. "Public policy for academic entrepreneurship initiatives: a review and critical discussion," The Journal of Technology Transfer, Springer, vol. 43(5), pages 1232-1256, October.
    65. Richard Gretz & Jannett Highfill & Robert Scott, 2012. "R&D subsidy games: a cost sharing approach vs. reward for performance," The Journal of Technology Transfer, Springer, vol. 37(4), pages 385-403, August.
    66. Shuang Huang & Abraham Y. Nahm & Zengji Song, 2023. "Government subsidies of new energy vehicle industry and enterprise innovation: Moderating role of chief executive officers' technical background," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(4), pages 2137-2147, June.
    67. Isabel Busom & Beatriz Corchuelo & Ester Martínez-Ros, 2014. "Tax incentives… or subsidies for business R&D?," Small Business Economics, Springer, vol. 43(3), pages 571-596, October.
    68. Sujai Shivakumar, 2017. "Innovation as a Collective Action Challenge," Advances in Austrian Economics, in: The Austrian and Bloomington Schools of Political Economy, volume 22, pages 159-173, Emerald Group Publishing Limited.
    69. Yang, Baochen & Song, Xinyu, 2023. "Does oil price uncertainty matter in firm innovation? Evidence from China," International Review of Financial Analysis, Elsevier, vol. 88(C).
    70. Zhenxu Guo & Jiarui Shen & Lihong Li, 2024. "Identifying the implementation effect of technology transfer policy using system dynamics: a case study in Liaoning, China," The Journal of Technology Transfer, Springer, vol. 49(2), pages 660-688, April.
    71. Guariglia, Alessandra & Liu, Pei, 2014. "To what extent do financing constraints affect Chinese firms' innovation activities?," International Review of Financial Analysis, Elsevier, vol. 36(C), pages 223-240.
    72. Hottenrott, Hanna & Demeulemeester, Sarah, 2017. "R&D Subsidies and Firms’ Cost of Debt," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168093, Verein für Socialpolitik / German Economic Association.
    73. Guerini, Massimiliano & Quas, Anita, 2016. "Governmental venture capital in Europe: Screening and certification," Journal of Business Venturing, Elsevier, vol. 31(2), pages 175-195.
    74. Tommaso Minola & Silvio Vismara & Davide Hahn, 2017. "Screening model for the support of governmental venture capital," The Journal of Technology Transfer, Springer, vol. 42(1), pages 59-77, February.
    75. Nguyen, Hoai Thu Thi & Vu, Huong Van & Bartolacci, Francesca & Quang Tran, Tuyen, 2018. "Government Support and Firm Performance in Vietnam," MPRA Paper 93599, University Library of Munich, Germany, revised 12 Nov 2018.
    76. Raphaël Chiappini & Samira Demaria & Benjamin Montmartin & Sophie Pommet, 2020. "Can Direct Innovation Subsidies Relax SMEs' Credit Constraints?," GREDEG Working Papers 2020-09, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    77. Kleer, Robin, 2010. "Government R&D subsidies as a signal for private investors," Research Policy, Elsevier, vol. 39(10), pages 1361-1374, December.
    78. Zhangsheng Jiang, 2020. "Can the Gap and Rating of Market Expectation Promote Innovation Input of China Manufacturers?," Sustainability, MDPI, vol. 12(5), pages 1-19, March.
    79. Kwangsoo Shin & Minkyung Choy & Chul Lee & Gunno Park, 2019. "Government R&D Subsidy and Additionality of Biotechnology Firms: The Case of the South Korean Biotechnology Industry," Sustainability, MDPI, vol. 11(6), pages 1-22, March.
    80. Chen Weijun, 2022. "The Impact of Government Support and Technological Innovation on Enterprise Performance: A Case Study of Guangdong Hi- tech Enterprises," International Journal of Science and Business, IJSAB International, vol. 14(1), pages 196-231.
    81. Grilli, Luca & Murtinu, Samuele, 2018. "Selective subsidies, entrepreneurial founders' human capital, and access to R&D alliances," Research Policy, Elsevier, vol. 47(10), pages 1945-1963.
    82. Xue, Dawei & Feng, Jiayin & zhu, Zhihong, 2023. "Governmental subsidies, corporate environmental investments and firm performance: Evidence based on oil & petroleum industry," Finance Research Letters, Elsevier, vol. 56(C).
    83. Bernd Ebersberger, 2011. "Public funding for innovation and the exit of firms," Journal of Evolutionary Economics, Springer, vol. 21(3), pages 519-543, August.
    84. Wei Xu & Mengting Zhang & Feng Wang, 2023. "Financing Efficiency and Influencing Factors of High-Tech Small and Medium-Sized Enterprises of Information Technology Industry in the China Yangtze River Delta," SAGE Open, , vol. 13(4), pages 21582440231, October.
    85. Ali-Yrkkö, Jyrki & Pajarinen, Mika & Ylhäinen, Ilkka, 2019. "Business Angel Investment, Public Innovation Funding and Firm Growth," ETLA Reports 97, The Research Institute of the Finnish Economy.
    86. Li Li & Jean Chen & Hongli Gao & Li Xie, 2019. "The certification effect of government R&D subsidies on innovative entrepreneurial firms’ access to bank finance: evidence from China," Small Business Economics, Springer, vol. 52(1), pages 241-259, January.
    87. Wu, Aihua, 2017. "The signal effect of Government R&D Subsidies in China: Does ownership matter?," Technological Forecasting and Social Change, Elsevier, vol. 117(C), pages 339-345.
    88. Feng Xiao & Meng Weidong & Huang Bo, 2021. "Research on Innovation Signals and Feedbacks between SMEs and the Government," Entrepreneurship Research Journal, De Gruyter, vol. 11(2), pages 71-98, April.
    89. Xiang, Xiaojian & Liu, Chuanjiang & Yang, Mian, 2022. "Who is financing corporate green innovation?," International Review of Economics & Finance, Elsevier, vol. 78(C), pages 321-337.
    90. Pietro Santoleri & Andrea Mina & Alberto Di Minin & Irene Martelli, 2024. "The Causal Effects of R&D Grants: Evidence from a Regression Discontinuity," The Review of Economics and Statistics, MIT Press, vol. 106(6), pages 1495-1510, November.
    91. Chen, Jin & Heng, Cheng Suang & Tan, Bernard C.Y. & Lin, Zhijie, 2018. "The distinct signaling effects of R&D subsidy and non-R&D subsidy on IPO performance of IT entrepreneurial firms in China," Research Policy, Elsevier, vol. 47(1), pages 108-120.
    92. Thi Thu Tra Pham & Thai Vu Hong Nguyen & Son Kien Nguyen & Hieu Thi Hoang Nguyen, 2023. "Does planned innovation promote financial access? Evidence from Vietnamese SMEs," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 13(2), pages 281-307, June.
    93. Isabel Busom & Beatriz Corchuelo & Ester Martinez Ros, 2012. "Tax incentives and direct support for R&D: What do firms use and why?," Working Papers wpdea1212, Department of Applied Economics at Universitat Autonoma of Barcelona.
    94. Plank, Josef & Doblinger, Claudia, 2018. "The firm-level innovation impact of public R&D funding: Evidence from the German renewable energy sector," Energy Policy, Elsevier, vol. 113(C), pages 430-438.
    95. Barinova, Vera & Eremkin, Vladimir & Lanshina, Tatiana, 2015. "Overcoming the Discrete Nature of Innovation Financing in the Early Stages of Russia," Published Papers 431504, Russian Presidential Academy of National Economy and Public Administration.
    96. Duan, Yu & Xi, Bin & Xu, Xin & Xuan, Siyuan, 2024. "The impact of government subsidies on green innovation performance in new energy enterprises: A digital transformation perspective," International Review of Economics & Finance, Elsevier, vol. 94(C).
    97. Bertoni, Fabio & Tykvová, Tereza, 2012. "Which form of venture capital is most supportive of innovation?," ZEW Discussion Papers 12-018, ZEW - Leibniz Centre for European Economic Research.
    98. Siqi Li & Mengdi Sun, 2024. "Spillover effects of government subsidies on outward foreign direct investment: Evidence from China," Review of International Economics, Wiley Blackwell, vol. 32(4), pages 1521-1566, September.
    99. Berlinger, Edina & Juhász, Péter & Lovas, Anita, 2015. "Az állami támogatás hatása a projektfinanszírozásra erkölcsi kockázat és pozitív externáliák mellett. Szerződéselméleti megközelítés [The impact of state subsidy on project financing under moral ha," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 139-171.
    100. Xue Yang & Hao Zhang & Die Hu & Bingde Wu, 2023. "The timing dilemma: understanding the determinants of innovative startups’ patent collateralization for loans," Small Business Economics, Springer, vol. 60(1), pages 371-403, January.
    101. Cheng Peng & Hui Jiang & Tianyi Zhang, 2022. "Does the national risk of overseas investment affect the strategic innovation behavior of enterprises? Evidence from China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(5), pages 1548-1565, July.
    102. Bakhshi, Hasan & Edwards, John S. & Roper, Stephen & Scully, Judy & Shaw, Duncan & Morley, Lorraine & Rathbone, Nicola, 2015. "Assessing an experimental approach to industrial policy evaluation: Applying RCT+ to the case of Creative Credits," Research Policy, Elsevier, vol. 44(8), pages 1462-1472.
    103. Peng Hou & Mengting Zhou & Jiaqi Xu & Yue Liu, 2021. "Financialization, Government Subsidies, and Manufacturing R&D Investment: Evidence from Listed Companies in China," Sustainability, MDPI, vol. 13(22), pages 1-24, November.
    104. Giusy Cannone & Elisa Ughetto, 2014. "Funding Innovation at Regional Level: An Analysis of a Public Policy Intervention in the Piedmont Region," Regional Studies, Taylor & Francis Journals, vol. 48(2), pages 270-283, February.
    105. Sakiru Adebola Solarin & Yuen Yee Yen, 2016. "A global analysis of the impact of research output on economic growth," Scientometrics, Springer;Akadémiai Kiadó, vol. 108(2), pages 855-874, August.

  23. Robert M. Hunt & Samuli Simojoki & Tuomas Takalo, 2007. "Intellectual property rights and standard setting in financial services: the case of the Single European Payments Area," Working Papers 07-20, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Komulainen, Mari & Takalo, Tuomas, 2009. "Does State Street lead to Europe? The case of financial exchange innovations," Bank of Finland Research Discussion Papers 22/2009, Bank of Finland.
    2. Robert M. Hunt, 2010. "Business Method Patents And U.S. Financial Services," Contemporary Economic Policy, Western Economic Association International, vol. 28(3), pages 322-352, July.
    3. Stefan Wagner, 2009. "Patente in der europäischen Finanzindustrie: terra incognita?," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 78(1), pages 156-166.
    4. Gamarra, Yanis & Friedl, Gunther, 2022. "Firms' Involvement in Standardization and Average Total Costs per Patent Family," 31st European Regional ITS Conference, Gothenburg 2022: Reining in Digital Platforms? Challenging monopolies, promoting competition and developing regulatory regimes 265630, International Telecommunications Society (ITS).
    5. Bruno Rossignoli & Francesca Arnaboldi, 2009. "Financial innovation: theoretical issues and empirical evidence in Italy and in the UK," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 56(3), pages 275-301, September.
    6. Gamarra, Yanis Luca & Friedl, Gunther, 2023. "Declared essential patents and average total R&D expenditures per patent family," Telecommunications Policy, Elsevier, vol. 47(7).

  24. Korkeamäki, Timo & Koskinen, Yrjö & Takalo, Tuomas, 2007. "Phoenix rising: legal reforms and changes in valuations in Finland during the economic crisis," Bank of Finland Research Discussion Papers 1/2007, Bank of Finland.

    Cited by:

    1. Sadeghi, Ali & Kibler, Ewald, 2022. "Do bankruptcy laws matter for entrepreneurship? A Synthetic Control Method analysis of a bankruptcy reform in Finland," Journal of Business Venturing Insights, Elsevier, vol. 18(C).
    2. Korkeamäki, Timo & Rainio, Elina & Takalo, Tuomas, 2010. "Law and stock markets: evidence from an emerging market," Bank of Finland Research Discussion Papers 1/2010, Bank of Finland.

  25. Korkeamäki, Timo & Koskinen, Yrjö & Takalo, Tuomas, 2007. "Phoenix rising: legal reforms and changes in valuations in Finland during the economic crisis," Bank of Finland Research Discussion Papers 1/2007, Bank of Finland.

    Cited by:

    1. Sadeghi, Ali & Kibler, Ewald, 2022. "Do bankruptcy laws matter for entrepreneurship? A Synthetic Control Method analysis of a bankruptcy reform in Finland," Journal of Business Venturing Insights, Elsevier, vol. 18(C).
    2. Korkeamäki, Timo & Rainio, Elina & Takalo, Tuomas, 2010. "Law and stock markets: evidence from an emerging market," Bank of Finland Research Discussion Papers 1/2010, Bank of Finland.

  26. Tuomas Takalo & Tanja Tanayama & Otto Toivanen, 2005. "Selection Or Self-Rejection? Applications Into A Treatment," Industrial Organization 0510002, University Library of Munich, Germany.

    Cited by:

    1. Néstor Duch-Brown & José García-Quevedo & Daniel Montolio, 2011. "The link between public support and private R&D effort: What is the optimal subsidy?," Working Papers XREAP2011-09, Xarxa de Referència en Economia Aplicada (XREAP), revised Jun 2011.
    2. Chudnovsky, Daniel & López, Andrés & Rossi, Martín & Ubfal, Diego, 2006. "Evaluating a Program of Public Funding of Private Innovation Activities: An Econometric Study of FONTAR in Argentina," IDB Publications (Working Papers) 2829, Inter-American Development Bank.
    3. Hussinger, Katrin, 2003. "R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric Two-Step Selection Models," ZEW Discussion Papers 03-63, ZEW - Leibniz Centre for European Economic Research.
    4. Gustafsson, Anders & Gustavsson Tingvall, Patrik & Halvarsson, Daniel, 2017. "Subsidy Entrepreneurs," Ratio Working Papers 303, The Ratio Institute.
    5. Bernd Ebersberger, 2011. "Public funding for innovation and the exit of firms," Journal of Evolutionary Economics, Springer, vol. 21(3), pages 519-543, August.

  27. Klaus Kultti & Tuomas Takalo & Juuso Toikka, 2005. "Patents Hinder Collusion," Industrial Organization 0503015, University Library of Munich, Germany.

    Cited by:

    1. Adam Karbowski, 2020. "A Note on Patents and Leniency," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 97-108.
    2. Karbowski, Adam & Prokop, Jacek, 2018. "Kartele i patenty a nakłady badawczo-rozwojowe przedsiębiorstw [Cartels and patents, and R&D expenditures of companies]," MPRA Paper 90181, University Library of Munich, Germany, revised 2018.
    3. Klaus Kultti & Tuomas Takalo & Juuso Toikka, 2006. "Simultaneous Model of Innovation, Secrecy, and Patent Policy," American Economic Review, American Economic Association, vol. 96(2), pages 82-86, May.

  28. Hyytinen, Ari & Takalo, Tuomas, 2004. "Multihoming in the Market for Payment Media: Evidence from Young Finnish Consumers," Discussion Papers 893, The Research Institute of the Finnish Economy.

    Cited by:

    1. Marc Rysman, 2006. "An Empirical Analysis of Payment Card Usage," Boston University - Department of Economics - Working Papers Series WP2006-002, Boston University - Department of Economics.
    2. Mikko Puhakka, 2005. "Equilibrium dynamics under lump-sum taxation in an exchange economy with skewed endowments," Macroeconomics 0508033, University Library of Munich, Germany.
    3. Von Kalckreuth, Ulf & Schmidt, Tobias & Stix, Helmut, 2009. "Choosing and using payment instruments: evidence from German microdata," Working Paper Series 1144, European Central Bank.
    4. Antti Suvanto & Juhana Hukkinen, 2005. "Stable price level and changing prices," Macroeconomics 0508034, University Library of Munich, Germany.
    5. Hyytinen Ari & Takalo Tuomas, 2009. "Consumer Awareness and the Use of Payment Media: Evidence from Young Finnish Consumers," Review of Network Economics, De Gruyter, vol. 8(2), pages 1-25, June.
    6. Oz Shy, 2019. "Consumer Use of Multiple Payment Methods," FRB Atlanta Working Paper 2019-19, Federal Reserve Bank of Atlanta.
    7. Kai Leitemo & Ulf Söderström, 2005. "Robust monetary policy in the New-Keynesian framework," Macroeconomics 0508032, University Library of Munich, Germany.
    8. Imaduddin Sahabat & Teguh Dartanto & Haidy A. Passay & Diah Widyawati, 2017. "Electronics Payment Decisions of the Indonesian Urban Households: A Nested Logit Analysis of the Effects of the Payment Characteristics," International Journal of Economics and Financial Issues, Econjournals, vol. 7(5), pages 498-511.
    9. Elizabeth C. Klee, 2006. "Families' use of payment instruments during a decade of change in the U.S. payment system," Finance and Economics Discussion Series 2006-01, Board of Governors of the Federal Reserve System (U.S.).
    10. Nicole Jonker, 2007. "Payment Instruments as Perceived by Consumers – Results from a Household Survey," De Economist, Springer, vol. 155(3), pages 271-303, September.
    11. Oz Shy, 2013. "How many cards do you use?," Working Papers 13-13, Federal Reserve Bank of Boston.

  29. Tuomas Takalo & Otto Toivanen, 2004. "Equilibrium in financial markets with adverse selection," Finance 0405001, University Library of Munich, Germany.

    Cited by:

    1. David T. Llewellyn & David G. Mayes, 2004. "The role of market discipline in handling problem banks," Finance 0404020, University Library of Munich, Germany.
    2. Jukka Vauhkonen, 2004. "Banks' equity stakes in borrowing firms: A corporate finance approach," Game Theory and Information 0404003, University Library of Munich, Germany.
    3. Jukka Vauhkonen, 2004. "Financial contracts and contingent control rights," Finance 0404022, University Library of Munich, Germany.
    4. Alfred V. Guender, 2004. "Optimal discretionary monetary policy in the open economy: Choosing between CPI and domestic inflation as target variables," Macroeconomics 0404038, University Library of Munich, Germany.

  30. Castrén, Olli & Takalo, Tuomas & Wood, Geoffrey, 2004. "Labour market reform and the sustainability of exchange rate pegs," Bank of Finland Research Discussion Papers 22/2004, Bank of Finland.

    Cited by:

    1. Mikko Puhakka, 2005. "Equilibrium dynamics under lump-sum taxation in an exchange economy with skewed endowments," Macroeconomics 0508033, University Library of Munich, Germany.
    2. Eamets, Raul, 2013. "Labour Market and Labour Market Policies During the Great Recession: The Case of Estonia," IZA Policy Papers 60, Institute of Labor Economics (IZA).
    3. Antti Suvanto & Juhana Hukkinen, 2005. "Stable price level and changing prices," Macroeconomics 0508034, University Library of Munich, Germany.
    4. Olli Castrén & Tuomas Takalo & Geoffrey Wood, 2010. "Unemployment Persistence And The Sustainability Of Exchange Rate Pegs," Scottish Journal of Political Economy, Scottish Economic Society, vol. 57(1), pages 85-102, February.
    5. Ansgar Belke & Bernhard Herz & Lukas Vogel, 2005. "Structural Reforms and the Exchange Rate Regime A Panel Analysis for the World versus OECD Countries," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 263/2005, Department of Economics, University of Hohenheim, Germany.
    6. Ansgar Belke & Bernhard Herz & Lukas Vogel, 2006. "Exchange Rate Regimes and Reforms: A Panel Analysis for the World versus OECD Countries," International Finance, Wiley Blackwell, vol. 9(3), pages 317-342, December.
    7. Kai Leitemo & Ulf Söderström, 2005. "Robust monetary policy in the New-Keynesian framework," Macroeconomics 0508032, University Library of Munich, Germany.
    8. Ansgar Belke & Bernhard Herz & Lukas Vogel, 2006. "Beyond Trade – Is Reform Effort Affected by the Exchange Rate Regime? A Panel Analysis for the World versus OECD Countries," Economie Internationale, CEPII research center, issue 107, pages 29-58.
    9. Ansgar Belke & Bernhard Herz & Lukas Vogel, 2006. "Are Monetary Rules and Reforms Complements or Substitutes? A Panel Analysis for the World versus OECD Countries," Working Papers 129, Oesterreichische Nationalbank (Austrian Central Bank).
    10. Almukhtar Saif Al-Abri, 2014. "Labor Market Heterogeneity and Optimal Exchange Rate Regime in Resource-Rich MENA Countries," Working Papers 844, Economic Research Forum, revised Oct 2014.

  31. Castrén, Olli & Takalo, Tuomas & Wood, Geoffrey, 2004. "Labour market reform and the sustainability of exchange rate pegs," Bank of Finland Research Discussion Papers 22/2004, Bank of Finland.

    Cited by:

    1. Mikko Puhakka, 2005. "Equilibrium dynamics under lump-sum taxation in an exchange economy with skewed endowments," Macroeconomics 0508033, University Library of Munich, Germany.
    2. Eamets, Raul, 2013. "Labour Market and Labour Market Policies During the Great Recession: The Case of Estonia," IZA Policy Papers 60, Institute of Labor Economics (IZA).
    3. Antti Suvanto & Juhana Hukkinen, 2005. "Stable price level and changing prices," Macroeconomics 0508034, University Library of Munich, Germany.
    4. Olli Castrén & Tuomas Takalo & Geoffrey Wood, 2010. "Unemployment Persistence And The Sustainability Of Exchange Rate Pegs," Scottish Journal of Political Economy, Scottish Economic Society, vol. 57(1), pages 85-102, February.
    5. Ansgar Belke & Bernhard Herz & Lukas Vogel, 2005. "Structural Reforms and the Exchange Rate Regime A Panel Analysis for the World versus OECD Countries," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 263/2005, Department of Economics, University of Hohenheim, Germany.
    6. Ansgar Belke & Bernhard Herz & Lukas Vogel, 2006. "Exchange Rate Regimes and Reforms: A Panel Analysis for the World versus OECD Countries," International Finance, Wiley Blackwell, vol. 9(3), pages 317-342, December.
    7. Kai Leitemo & Ulf Söderström, 2005. "Robust monetary policy in the New-Keynesian framework," Macroeconomics 0508032, University Library of Munich, Germany.
    8. Ansgar Belke & Bernhard Herz & Lukas Vogel, 2006. "Beyond Trade – Is Reform Effort Affected by the Exchange Rate Regime? A Panel Analysis for the World versus OECD Countries," Economie Internationale, CEPII research center, issue 107, pages 29-58.
    9. Ansgar Belke & Bernhard Herz & Lukas Vogel, 2006. "Are Monetary Rules and Reforms Complements or Substitutes? A Panel Analysis for the World versus OECD Countries," Working Papers 129, Oesterreichische Nationalbank (Austrian Central Bank).
    10. Almukhtar Saif Al-Abri, 2014. "Labor Market Heterogeneity and Optimal Exchange Rate Regime in Resource-Rich MENA Countries," Working Papers 844, Economic Research Forum, revised Oct 2014.

  32. Hyytinen, Ari & Takalo, Tuomas, 2003. "Investor protection and business creation," Bank of Finland Research Discussion Papers 17/2003, Bank of Finland.

    Cited by:

  33. Hyytinen, Ari & Takalo, Tuomas, 2003. "Investor protection and business creation," Bank of Finland Research Discussion Papers 17/2003, Bank of Finland.

    Cited by:

  34. Panu Poutvaara & Tuomas Takalo, 2003. "Candidate Quality," CESifo Working Paper Series 1106, CESifo.

    Cited by:

    1. Geys, Benny & Mause, Karsten, 2011. "Moonlighting politicians: A survey and research agenda," Discussion Papers, Research Professorship & Project "The Future of Fiscal Federalism" SP II 2011-101, WZB Berlin Social Science Center.
    2. Berg, Helene, 2018. "Politicians’ Payments in a Proportional Party System," Research Papers in Economics 2018:3, Stockholm University, Department of Economics.
    3. Raymond Fisman & Nikolaj A. Harmon & Emir Kamenica & Inger Munk, 2015. "Labor Supply Of Politicians," Journal of the European Economic Association, European Economic Association, vol. 13(5), pages 871-905, October.
    4. Gagliarducci, Stefano & Nannicini, Tommaso & Naticchioni, Paolo, 2007. "Outside income and moral hazard : the elusive quest for good politicians," UC3M Working papers. Economics we073218, Universidad Carlos III de Madrid. Departamento de Economía.
    5. Martin Gregor & Dalibor Roháč, 2009. "The Optimal State Aid Control: No Control," Working Papers IES 2009/14, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Mar 2009.
    6. Kotakorpi, Kaisa & Poutvaara, Panu & Terviö, Marko, 2016. "Returns to Office in National and Local Politics," IZA Discussion Papers 10003, Institute of Labor Economics (IZA).
    7. Andrea Mattozzi & Antonio Merlo, 2007. "Political Careers or Career Politicians?," NBER Working Papers 12921, National Bureau of Economic Research, Inc.
    8. Elio Borgonovi & Fabio De Matteis & Daniela Preite, 2016. "La rilevanza delle spese per organi di governo nei comuni italiani medio-grandi fra possibilit? di efficienza e recupero di legittimazione politica," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2016(3), pages 117-140.
    9. Hans Gersbach, 2009. "Competition of politicians for wages and office," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 32(4), pages 533-553, May.
    10. Peichl, Andreas & Pestel, Nico & Siegloch, Sebastian, 2011. "The politicians’ wage gap: insights from German members of parliament," MPRA Paper 34595, University Library of Munich, Germany.
    11. Estache, Antonio & Foucart, Renaud, 2013. "Benchmarking Politicians," CEPR Discussion Papers 9467, C.E.P.R. Discussion Papers.
    12. Alessandro Fedele & Pierpaolo Giannoccolo, 2020. "Paying Politicians: Not Too Little, Not Too Much," Economica, London School of Economics and Political Science, vol. 87(346), pages 470-489, April.
    13. Timothy Besley, 2005. "Political Selection and the Quality of Evidence: Evidence form South India," Working Papers id:261, eSocialSciences.
    14. Björn Kauder & Niklas Potrafke, 2019. "Conservative Politicians and Voting on Same‐sex Marriage," German Economic Review, Verein für Socialpolitik, vol. 20(4), pages 600-617, November.
    15. Gagliarducci, Stefano & Nannicini, Tommaso & Naticchioni, Paolo, 2010. "Moonlighting politicians," Journal of Public Economics, Elsevier, vol. 94(9-10), pages 688-699, October.
    16. Nicolas GAVOILLE & Marijn VERSCHELDE, 2016. "Electoral competition and political selection: An analysis of the activity of French deputies, 1958-2012," Economics Working Paper from Condorcet Center for political Economy at CREM-CNRS 2016-02-ccr, Condorcet Center for political Economy.
    17. Claudio Parés, 2010. "Political Careers Concerns and Political Parties," Working Papers 02-2010, Departamento de Economía, Universidad de Concepción.
    18. Ruben Enikolopov, 2011. "Are Bureaucrats Really Paid Like Bureaucrats?," Working Papers w0165, New Economic School (NES).
    19. Kotakorpi, Kaisa & Poutvaara, Panu, 2011. "Pay for politicians and candidate selection: An empirical analysis," Journal of Public Economics, Elsevier, vol. 95(7-8), pages 877-885, August.
    20. Antonio Estache & Renaud Foucart, 2016. "Corruption and Incompetence in Public Procurement," Working Papers ECARES ECARES 2016-05, ULB -- Universite Libre de Bruxelles.
    21. Massimo Bordignon & Matteo Gamalerio & Gilberto Turati, 2014. "Decentralization, Vertical Fiscal Imbalance, and Political Selection," Working papers 025, Department of Economics, Social Studies, Applied Mathematics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino.
    22. Geys, Benny & Heggedal, Tom-Reiel & Sørensen, Rune J., 2017. "Are bureaucrats paid like CEOs? Performance compensation and turnover of top civil servants," Journal of Public Economics, Elsevier, vol. 152(C), pages 47-54.
    23. Fortunato, Piergiuseppe & Panizza, Ugo, 2011. "Democracy, education and the quality of government," POLIS Working Papers 155, Institute of Public Policy and Public Choice - POLIS.
    24. Panu Poutvaara & Tuomas Takalo, 2007. "Candidate quality," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 14(1), pages 7-27, February.
    25. Besley, Timothy & Pande, Rohini & Rao, Vijayendra, 2005. "Political Selection and the Quality of Government: Evidence from South India," Center Discussion Papers 28426, Yale University, Economic Growth Center.
    26. Matthias Messner & Mattias Polborn, 2003. "Paying Politicians," Working Papers 246, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    27. Galasso, Vincenzo & Nannicini, Tommaso, 2009. "Competing on Good Politicians," CEPR Discussion Papers 7363, C.E.P.R. Discussion Papers.
    28. Klaas J. Beniers & Robert Dur, 2004. "Politicians' Motivation, Political Culture, and Electoral Competition," Tinbergen Institute Discussion Papers 04-065/1, Tinbergen Institute, revised 16 Aug 2005.
    29. Hansen, Emanuel, 2016. "Political Competition with Endogenous Party Formation and Citizen Activists," VfS Annual Conference 2016 (Augsburg): Demographic Change 145923, Verein für Socialpolitik / German Economic Association.
    30. Paulo Júlio & José Tavares, 2017. "The Good, the Bad and the Different: Can Gender Quotas Raise the Quality of Politicians?," Economica, London School of Economics and Political Science, vol. 84(335), pages 454-479, July.
    31. Emanuel Hansen, 2021. "Political Competition with Endogenous Party Formation and Citizen Activists," CESifo Working Paper Series 9374, CESifo.
    32. Geys, Benny & Vermeir, Jan, 2008. "Party cues and yardstick voting," European Journal of Political Economy, Elsevier, vol. 24(2), pages 470-477, June.
    33. Benedetto Marco Alberto De & Paola Maria De, 2017. "Candidates’ Education and Turnout: Evidence from Italyn Municipal Elections," German Economic Review, De Gruyter, vol. 18(1), pages 22-50, February.
    34. Tukiainen, Janne & Takalo, Tuomas & Hulkkonen, Topi, 2018. "Relative age effects in political selection," Bank of Finland Research Discussion Papers 15/2018, Bank of Finland.
    35. Markus Müller, 2007. "Motivation of politicians and long-term policies," Public Choice, Springer, vol. 132(3), pages 273-289, September.
    36. LG Deidda & F. Cerina, 2014. "Reward from public office and the selection of politicians by parties," Working Paper CRENoS 201414, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    37. Tukiainen, Janne & Takalo, Tuomas & Hulkkonen, Topi, 2017. "Gender Specific Relative Age Effects in Politics and Football," Working Papers 94, VATT Institute for Economic Research.
    38. Jan Auerbach, 2018. "Office-Holding Premia and Representative Democracy," Discussion Papers 1802, University of Exeter, Department of Economics.
    39. Timothy Besley, 2004. "Joseph Schumpeter Lecture: Paying Politicians: Theory and Evidence," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 193-215, 04/05.
    40. Alessandro Fedele & Pierpaolo Giannoccolo, 2013. "Moneycracy," BEMPS - Bozen Economics & Management Paper Series BEMPS07, Faculty of Economics and Management at the Free University of Bozen.
      • A. Fedele & P. Giannoccolo, 2013. "Moneycracy," Working Papers wp893, Dipartimento Scienze Economiche, Universita' di Bologna.
    41. Becker, Johannes & Peichl, Andreas & Rincke, Johannes, 2008. "Politicians' Outside Earnings and Political Competition," IZA Discussion Papers 3902, Institute of Labor Economics (IZA).
    42. Becker, Johannes & Peichl, Andreas & Rincke, Johannes, 2008. "Politicians' outside earnings and electoral competition," FiFo Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 08-3, University of Cologne, FiFo Institute for Public Economics.
    43. Oliver Lorz & Stanislav Nastassine, 2007. "Citizen-candidate mobility and endogenous local policy," Public Choice, Springer, vol. 132(1), pages 27-47, July.
    44. Antonio Merlo, 2005. "Whither Political Economy? Theories, Facts and Issues," PIER Working Paper Archive 05-033, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 01 Dec 2005.
    45. Nicolas Gavoille, 2021. "Pay for politicians and campaign spending: evidence from the French municipal elections," Public Choice, Springer, vol. 188(3), pages 455-477, September.
    46. De Benedetto, Marco Alberto & De Paola, Maria, 2014. "Candidates' Quality and Electoral Participation: Evidence from Italian Municipal Elections," IZA Discussion Papers 8102, Institute of Labor Economics (IZA).
    47. Thomas Braendle, 2015. "Does remuneration affect the discipline and the selection of politicians? Evidence from pay harmonization in the European Parliament," Public Choice, Springer, vol. 162(1), pages 1-24, January.
    48. Timothy Besley & Jose G. Montalvo & Marta Reynal‐Querol, 2011. "Do Educated Leaders Matter?," Economic Journal, Royal Economic Society, vol. 121(554), pages 205-205, August.
    49. Heléne Berg, 2018. "Politicians' Payments in a Proportional Party System," CESifo Working Paper Series 7278, CESifo.

  35. Hyytinen, Ari & Kuosa, Iikka & Takalo, Tuomas, 2002. "Law or finance: evidence from Finland," Bank of Finland Research Discussion Papers 8/2002, Bank of Finland.

    Cited by:

    1. Korkeamaki, Timo & Koskinen, Yrjo & Takalo, Tuomas, 2007. "Phoenix rising: Legal reforms and changes in valuations in Finland during the economic crisis," Journal of Financial Stability, Elsevier, vol. 3(1), pages 33-58, April.
    2. Kauko, Karlo, 2004. "The links between securities settlement systems: An oligopoly theoretic approach," International Review of Financial Analysis, Elsevier, vol. 13(5), pages 585-600.
    3. Simon Deakin & Prabirjit Sarkar & Mathias Siems, 2017. "Is There a Relationship between Shareholder Protection and Stock Market Development?," Working Papers wp492, Centre for Business Research, University of Cambridge.
    4. Maurizio Iacopetta & Raoul Minetti & Pietro F Peretto, 2019. "Financial Markets, Industry Dynamics and Growth," The Economic Journal, Royal Economic Society, vol. 129(621), pages 2192-2215.
    5. Mäkinen, Mikko, 2007. "Do Stock Opiton Schemes Affect Technical Inefficiency? Evidence from Finland," Discussion Papers 1085, The Research Institute of the Finnish Economy.
    6. Keloharju, Matti & Malkamäki, Markku & Nyborg, Kjell G. & Rydqvist, Kristian, 2002. "A Descriptive analysis of the Finnish treasury bond market 1991-1999," Bank of Finland Research Discussion Papers 16/2002, Bank of Finland.
    7. Zakaria Babutsidze & Maurizio Iacopetta, 2016. "Innovation, growth and financial market," Post-Print halshs-01927001, HAL.
    8. Hyytinen, Ari & Pajarinen, Mika, 2002. "Financing of Technology-Intensive Small Business: Some Evidence on the Uniqueness of the ICT Industry," Discussion Papers 813, The Research Institute of the Finnish Economy.
    9. Nurmi, Satu, 2004. "Employment Dynamics and Openness to Trade in Finnish Manufacturing," Discussion Papers 956, The Research Institute of the Finnish Economy.
    10. Timo Korkeamäki & Elina Rainio & Tuomas Takalo, 2013. "Reforming corporate law in an emerging market," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 21(3), pages 509-551, July.
    11. Calmès, Christian & Théoret, Raymond, 2014. "Bank systemic risk and macroeconomic shocks: Canadian and U.S. evidence," Journal of Banking & Finance, Elsevier, vol. 40(C), pages 388-402.
    12. Hyytinen, Ari & Toivanen, Otto, 2005. "Do financial constraints hold back innovation and growth?: Evidence on the role of public policy," Research Policy, Elsevier, vol. 34(9), pages 1385-1403, November.
    13. Hyytinen, Ari & Pajarinen, Mika, 2002. "Small Business Finance in Finland. A Descriptive Study," Discussion Papers 812, The Research Institute of the Finnish Economy.
    14. Peik Granlund, 2004. "Bank exit legislation in US, EU and Japanese financial centres," Finance 0405015, University Library of Munich, Germany.
    15. Ari Hyytinen & Mika Pajarinen, 2005. "External Finance, Firm Growth and the Benefits of Information Disclosure: Evidence from Finland," European Journal of Law and Economics, Springer, vol. 19(1), pages 69-93, January.
    16. Christian Calmès & Raymond Théoret, 2012. "Bank systemic risk and the business cycle: Canadian and U.S. evidence," RePAd Working Paper Series UQO-DSA-wp022012, Département des sciences administratives, UQO.
    17. Pavel Ševcík, 2012. "Financial Contracts and the Political Economy of Investor Protection," American Economic Journal: Macroeconomics, American Economic Association, vol. 4(4), pages 163-197, October.
    18. Houssem Rachdi & Sami Mensi, 2012. "Does Institutions Quality Matter for Financial Development and Economic Growth Nexus? Another Look at the Evidence from MENA Countries," Working Papers 705, Economic Research Forum, revised 2012.
    19. Ali-Yrkkö, Jyrki & Ylä-Anttila, Pekka, 2001. "Globalisation of Business in a Small Country - Does Ownership Matter?," Discussion Papers 779, The Research Institute of the Finnish Economy.
    20. Acharya, Viral & Subramanian, Krishnamurthy, 2007. "Bankruptcy Codes and Innovation," CEPR Discussion Papers 6307, C.E.P.R. Discussion Papers.
    21. Evgeni Peev, 2015. "Institutions, economic liberalization and firm growth: evidence from European transition economies," European Journal of Law and Economics, Springer, vol. 40(1), pages 149-174, August.
    22. Jones, Derek C. & Kalmi, Panu & Mäkinen, Mikko, 2004. "The Determinants of Stock Option Compensation: Evidence from Finland," Discussion Papers 957, The Research Institute of the Finnish Economy.
    23. Mikko Niskanen, 2004. "Lender of last resort and the moral hazard problem," Macroeconomics 0405016, University Library of Munich, Germany.
    24. Tuomas Takalo, 2019. "Regulation of short-term consumer credits," Journal of Banking Regulation, Palgrave Macmillan, vol. 20(4), pages 348-354, December.
    25. Hyytinen, Ari & Pajarinen, Mika, 2001. "Financial Systems and Venture Capital in Nordic Countries: A comparative Study," Discussion Papers 774, The Research Institute of the Finnish Economy.
    26. Hyytinen, Ari & Pajarinen, Mika (ed.), . "Financial Systems and Firm Performance. Theoretical and Empirical Perspectives," ETLA B, The Research Institute of the Finnish Economy, number 200, June.
    27. Mäkinen, Mikko, . "Essays on Stock Option Schemes and CEO Compensation," ETLA A, The Research Institute of the Finnish Economy, number 42, June.
    28. Hyytinen, Ari & Väänänen, Lotta, 2002. "Government Funding of Small and Medium-sized Enterprises in Finland," Discussion Papers 832, The Research Institute of the Finnish Economy.
    29. Christian Calmès & Raymond Théoret, 2011. "Bank systemic risk and the business cycle: An empirical investigation using Canadian data," RePAd Working Paper Series UQO-DSA-wp322011, Département des sciences administratives, UQO.
    30. Arturo Bris & Christos Cabolis, 2002. "Corporate Governance Convergence by Contract: Evidence from Cross-Border Mergers," Yale School of Management Working Papers ysm293, Yale School of Management, revised 01 Jan 2003.
    31. Hyytinen, Ari & Väänänen, Lotta, 2004. "Mandatory Auditor Choice and Small Finance: Evidence from Finland," Discussion Papers 950, The Research Institute of the Finnish Economy.
    32. Bris, Arturo & Brisley, Neil & Cabolis, Christos, 2008. "Adopting better corporate governance: Evidence from cross-border mergers," Journal of Corporate Finance, Elsevier, vol. 14(3), pages 224-240, June.
    33. Charles Chang & Paul Moon Sub Choi & Seth H. Huang, 2015. "Do Poorly Governed Acquirers Transfer Wealth to Targets in Cross-Border Acquisitions?," Financial Management, Financial Management Association International, vol. 44(3), pages 475-498, September.
    34. Höpner, Martin, 2003. "European corporate governance reform and the German party paradox," MPIfG Discussion Paper 03/4, Max Planck Institute for the Study of Societies.
    35. Ali-Yrkkö, Jyrki & Hyytinen, Ari & Liukkonen, Johanna, 2001. "Exiting Venture Capital Investments: Lessons from Finland," Discussion Papers 781, The Research Institute of the Finnish Economy.

  36. Hyytinen, Ari & Kuosa, Iikka & Takalo, Tuomas, 2002. "Law or finance: evidence from Finland," Bank of Finland Research Discussion Papers 8/2002, Bank of Finland.

    Cited by:

    1. Korkeamaki, Timo & Koskinen, Yrjo & Takalo, Tuomas, 2007. "Phoenix rising: Legal reforms and changes in valuations in Finland during the economic crisis," Journal of Financial Stability, Elsevier, vol. 3(1), pages 33-58, April.
    2. Kauko, Karlo, 2004. "The links between securities settlement systems: An oligopoly theoretic approach," International Review of Financial Analysis, Elsevier, vol. 13(5), pages 585-600.
    3. Simon Deakin & Prabirjit Sarkar & Mathias Siems, 2017. "Is There a Relationship between Shareholder Protection and Stock Market Development?," Working Papers wp492, Centre for Business Research, University of Cambridge.
    4. Maurizio Iacopetta & Raoul Minetti & Pietro F Peretto, 2019. "Financial Markets, Industry Dynamics and Growth," The Economic Journal, Royal Economic Society, vol. 129(621), pages 2192-2215.
    5. Mäkinen, Mikko, 2007. "Do Stock Opiton Schemes Affect Technical Inefficiency? Evidence from Finland," Discussion Papers 1085, The Research Institute of the Finnish Economy.
    6. Keloharju, Matti & Malkamäki, Markku & Nyborg, Kjell G. & Rydqvist, Kristian, 2002. "A Descriptive analysis of the Finnish treasury bond market 1991-1999," Bank of Finland Research Discussion Papers 16/2002, Bank of Finland.
    7. Zakaria Babutsidze & Maurizio Iacopetta, 2016. "Innovation, growth and financial market," Post-Print halshs-01927001, HAL.
    8. Hyytinen, Ari & Pajarinen, Mika, 2002. "Financing of Technology-Intensive Small Business: Some Evidence on the Uniqueness of the ICT Industry," Discussion Papers 813, The Research Institute of the Finnish Economy.
    9. Nurmi, Satu, 2004. "Employment Dynamics and Openness to Trade in Finnish Manufacturing," Discussion Papers 956, The Research Institute of the Finnish Economy.
    10. Timo Korkeamäki & Elina Rainio & Tuomas Takalo, 2013. "Reforming corporate law in an emerging market," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 21(3), pages 509-551, July.
    11. Calmès, Christian & Théoret, Raymond, 2014. "Bank systemic risk and macroeconomic shocks: Canadian and U.S. evidence," Journal of Banking & Finance, Elsevier, vol. 40(C), pages 388-402.
    12. Hyytinen, Ari & Toivanen, Otto, 2005. "Do financial constraints hold back innovation and growth?: Evidence on the role of public policy," Research Policy, Elsevier, vol. 34(9), pages 1385-1403, November.
    13. Hyytinen, Ari & Pajarinen, Mika, 2002. "Small Business Finance in Finland. A Descriptive Study," Discussion Papers 812, The Research Institute of the Finnish Economy.
    14. Peik Granlund, 2004. "Bank exit legislation in US, EU and Japanese financial centres," Finance 0405015, University Library of Munich, Germany.
    15. Ari Hyytinen & Mika Pajarinen, 2005. "External Finance, Firm Growth and the Benefits of Information Disclosure: Evidence from Finland," European Journal of Law and Economics, Springer, vol. 19(1), pages 69-93, January.
    16. Christian Calmès & Raymond Théoret, 2012. "Bank systemic risk and the business cycle: Canadian and U.S. evidence," RePAd Working Paper Series UQO-DSA-wp022012, Département des sciences administratives, UQO.
    17. Pavel Ševcík, 2012. "Financial Contracts and the Political Economy of Investor Protection," American Economic Journal: Macroeconomics, American Economic Association, vol. 4(4), pages 163-197, October.
    18. Houssem Rachdi & Sami Mensi, 2012. "Does Institutions Quality Matter for Financial Development and Economic Growth Nexus? Another Look at the Evidence from MENA Countries," Working Papers 705, Economic Research Forum, revised 2012.
    19. Ali-Yrkkö, Jyrki & Ylä-Anttila, Pekka, 2001. "Globalisation of Business in a Small Country - Does Ownership Matter?," Discussion Papers 779, The Research Institute of the Finnish Economy.
    20. Acharya, Viral & Subramanian, Krishnamurthy, 2007. "Bankruptcy Codes and Innovation," CEPR Discussion Papers 6307, C.E.P.R. Discussion Papers.
    21. Evgeni Peev, 2015. "Institutions, economic liberalization and firm growth: evidence from European transition economies," European Journal of Law and Economics, Springer, vol. 40(1), pages 149-174, August.
    22. Jones, Derek C. & Kalmi, Panu & Mäkinen, Mikko, 2004. "The Determinants of Stock Option Compensation: Evidence from Finland," Discussion Papers 957, The Research Institute of the Finnish Economy.
    23. Mikko Niskanen, 2004. "Lender of last resort and the moral hazard problem," Macroeconomics 0405016, University Library of Munich, Germany.
    24. Tuomas Takalo, 2019. "Regulation of short-term consumer credits," Journal of Banking Regulation, Palgrave Macmillan, vol. 20(4), pages 348-354, December.
    25. Hyytinen, Ari & Pajarinen, Mika, 2001. "Financial Systems and Venture Capital in Nordic Countries: A comparative Study," Discussion Papers 774, The Research Institute of the Finnish Economy.
    26. Hyytinen, Ari & Pajarinen, Mika (ed.), . "Financial Systems and Firm Performance. Theoretical and Empirical Perspectives," ETLA B, The Research Institute of the Finnish Economy, number 200, June.
    27. Mäkinen, Mikko, . "Essays on Stock Option Schemes and CEO Compensation," ETLA A, The Research Institute of the Finnish Economy, number 42, June.
    28. Hyytinen, Ari & Väänänen, Lotta, 2002. "Government Funding of Small and Medium-sized Enterprises in Finland," Discussion Papers 832, The Research Institute of the Finnish Economy.
    29. Christian Calmès & Raymond Théoret, 2011. "Bank systemic risk and the business cycle: An empirical investigation using Canadian data," RePAd Working Paper Series UQO-DSA-wp322011, Département des sciences administratives, UQO.
    30. Arturo Bris & Christos Cabolis, 2002. "Corporate Governance Convergence by Contract: Evidence from Cross-Border Mergers," Yale School of Management Working Papers ysm293, Yale School of Management, revised 01 Jan 2003.
    31. Hyytinen, Ari & Väänänen, Lotta, 2004. "Mandatory Auditor Choice and Small Finance: Evidence from Finland," Discussion Papers 950, The Research Institute of the Finnish Economy.
    32. Bris, Arturo & Brisley, Neil & Cabolis, Christos, 2008. "Adopting better corporate governance: Evidence from cross-border mergers," Journal of Corporate Finance, Elsevier, vol. 14(3), pages 224-240, June.
    33. Charles Chang & Paul Moon Sub Choi & Seth H. Huang, 2015. "Do Poorly Governed Acquirers Transfer Wealth to Targets in Cross-Border Acquisitions?," Financial Management, Financial Management Association International, vol. 44(3), pages 475-498, September.
    34. Höpner, Martin, 2003. "European corporate governance reform and the German party paradox," MPIfG Discussion Paper 03/4, Max Planck Institute for the Study of Societies.
    35. Ali-Yrkkö, Jyrki & Hyytinen, Ari & Liukkonen, Johanna, 2001. "Exiting Venture Capital Investments: Lessons from Finland," Discussion Papers 781, The Research Institute of the Finnish Economy.

  37. Hyytinen, Ari & Kuosa, Ilkka & Takalo, Tuomas, 2001. "Law or Finance: Evidence from Finland (Revised version 25.09.2002))," Discussion Papers 775, The Research Institute of the Finnish Economy.

    Cited by:

    1. Acharya, Viral & Subramanian, Krishnamurthy, 2007. "Bankruptcy Codes and Innovation," CEPR Discussion Papers 6307, C.E.P.R. Discussion Papers.

  38. Hyytinen, Ari & Takalo, Tuomas, 2001. "Preventing Systemic Crises through Bank Transparency," Discussion Papers 776, The Research Institute of the Finnish Economy.

    Cited by:

    1. J-P. Niinimaki, 2011. "Optimal Design of Bank Bailouts: Prompt Corrective Action," Discussion Papers 69, Aboa Centre for Economics.
    2. Nicole Allenspach, 2009. "Banking and Transparency: Is More Information Always Better?," Working Papers 2009-11, Swiss National Bank.
    3. Nier, Erlend W., 2005. "Bank stability and transparency," Journal of Financial Stability, Elsevier, vol. 1(3), pages 342-354, April.
    4. Andrievskaya, Irina & Semenova, Maria, 2016. "Does banking system transparency enhance bank competition? Cross-country evidence," Journal of Financial Stability, Elsevier, vol. 23(C), pages 33-50.
    5. Faidon Kalfaoglou & Alexandros Sarris, 2006. "Modeling the Components of Market Discipline," Working Papers 36, Bank of Greece.

  39. Hyytinen, Ari & Takalo, Tuomas, 2000. "Enhancing bank transparency: A re-assessment," Bank of Finland Research Discussion Papers 10/2000, Bank of Finland.

    Cited by:

    1. Etienne Farvaque & Catherine Refait-Alexandre, 2015. "Les exigences de transparence des accords de Bâle: Aubaine ou fardeau pour les pays en développement ?," Working Papers hal-01376914, HAL.
    2. Md. Hamid Uddin & Md. Hakim Ali & Mohammad Kabir Hassan, 2020. "Cybersecurity hazards and financial system vulnerability: a synthesis of literature," Risk Management, Palgrave Macmillan, vol. 22(4), pages 239-309, December.
    3. Hyytinen, Ari & Takalo, Tuomas, 2003. "Preventing systemic crises through bank transparency," Bank of Finland Research Discussion Papers 25/2003, Bank of Finland.
    4. Hyytinen, A. & Takalo, T., 2000. "Enhancing Bank Transparency: a Re-assessment," University of Helsinki, Department of Economics 492, Department of Economics.
    5. Timo Korkeamäki & Elina Rainio & Tuomas Takalo, 2013. "Reforming corporate law in an emerging market," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 21(3), pages 509-551, July.
    6. Brack, Estelle & Saidane, Dhafer, 2010. "Qu’attend-on de la finance mondiale après la crise ? Les quatre commandements oubliés [What do we expect form global finance after the crisis? The four forgotten Commandments]," MPRA Paper 23472, University Library of Munich, Germany.
    7. Reint Gropp & Hendrik Hakenes & Isabel Schnabel, 2011. "Competition, Risk-shifting, and Public Bail-out Policies," The Review of Financial Studies, Society for Financial Studies, vol. 24(6), pages 2084-2120.
    8. Stenbacka, Rune & Takalo, Tuomas, 2019. "Switching costs and financial stability," Journal of Financial Stability, Elsevier, vol. 41(C), pages 14-24.
    9. Petr Jansky, 2018. "European Banks and Tax Havens: Evidence from Country-by-Country Reporting," Working Papers IES 2018/38, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Dec 2018.
    10. Jukka Vauhkonen, 2012. "The Impact of Pillar 3 Disclosure Requirements on Bank Safety," Journal of Financial Services Research, Springer;Western Finance Association, vol. 41(1), pages 37-49, April.
    11. François Guillemin & Maria Semenova, 2020. "Transparency and market discipline: evidence from the Russian interbank market," Annals of Finance, Springer, vol. 16(2), pages 219-251, June.
    12. Moreno, Diego & Takalo, Tuomas, 2021. "Precision of public information disclosures, banks' stability and welfare," Bank of Finland Research Discussion Papers 3/2021, Bank of Finland.
    13. Ari Hyytinen & Mika Pajarinen, 2005. "External Finance, Firm Growth and the Benefits of Information Disclosure: Evidence from Finland," European Journal of Law and Economics, Springer, vol. 19(1), pages 69-93, January.
    14. Delis, Manthos D & Staikouras, Panagiotis, 2009. "On-site audits, sanctions, and bank risk-taking: An empirical overture towards a novel regulatory and supervisory philosophy," MPRA Paper 16836, University Library of Munich, Germany.
    15. Arnaud Bourgain & Patrice Pieretti & Skerdilajda Zanaj, 2009. "International Financial competition and bank risk-taking in emerging economies," DEM Discussion Paper Series 09-08, Department of Economics at the University of Luxembourg.
    16. Hyytinen, Ari & Pajarinen, Mika, 2003. "External Finance, Firm Growth and the Benefits of Information Disclosure: Evidence from Finland (Revised)," Discussion Papers 805, The Research Institute of the Finnish Economy.
    17. Bourgain, Arnaud & Pieretti, Patrice & Zanaj, Skerdilajda, 2012. "Financial openness, disclosure and bank risk-taking in MENA countries," Emerging Markets Review, Elsevier, vol. 13(3), pages 283-300.
    18. Nicole Allenspach, 2009. "Banking and Transparency: Is More Information Always Better?," Working Papers 2009-11, Swiss National Bank.
    19. Gambacorta, Leonardo & Polizzi, Salvatore & Reghezza, Alessio & Scannella, Enzo, 2023. "Do banks practice what they preach? Brown lending and environmental disclosure in the euro area," CEPR Discussion Papers 18623, C.E.P.R. Discussion Papers.
    20. Benoît D'Udekem, 2014. "Bank Cash Holdings and Investor Uncertainty," Working Papers CEB 14-002, ULB -- Universite Libre de Bruxelles.
    21. Irina Andrievskaya & Mikhail Raschupkin, 2015. "Is it Worth Being Transparent? Evidence from the Russian Banking System," HSE Working papers WP BRP 51/FE/2015, National Research University Higher School of Economics.
    22. Chen, Yehning & Hasan, Iftekhar, 2005. "The transparency of the banking industry and the efficiency of information-based bank runs," Bank of Finland Research Discussion Papers 24/2005, Bank of Finland.
    23. Ryuichiro Izumi, 2021. "Opacity: Insurance and Fragility," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 40, pages 146-169, April.
    24. Yiwei Fang & Iftekhar Hasan & Woon Sau Leung & Qingwei Wang, 2019. "Foreign ownership, bank information environments, and the international mobility of corporate governance," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(9), pages 1566-1593, December.
    25. Chen, Yehning & Hasan, Iftekhar, 2006. "The transparency of the banking system and the efficiency of information-based bank runs," Journal of Financial Intermediation, Elsevier, vol. 15(3), pages 307-331, July.
    26. Poshakwale, Sunil & Aghanya, Daniel & Agarwal, Vineet, 2020. "The impact of regulations on compliance costs, risk-taking, and reporting quality of the EU banks," International Review of Financial Analysis, Elsevier, vol. 68(C).
    27. Bowo Setiyono & Amine Tarazi, 2014. "Disclosure, ownership structure and bank risk: Evidence from Asia," Working Papers hal-00947590, HAL.
    28. Juha-Pekka Niinimäki, 2003. "Fairly Priced Deposit Insurance under Adverse Selection," Finnish Economic Papers, Finnish Economic Association, vol. 16(1), pages 38-48, Spring.
    29. Korkeamäki, Timo & Rainio, Elina & Takalo, Tuomas, 2010. "Law and stock markets: evidence from an emerging market," Bank of Finland Research Discussion Papers 1/2010, Bank of Finland.
    30. Vauhkonen, Jukka, 2009. "Bank safety under Basel II capital requirements," Bank of Finland Research Discussion Papers 29/2009, Bank of Finland.
    31. Patrick Van Roy, 2008. "Transparency in banking," Financial Stability Review, National Bank of Belgium, vol. 6(1), pages 133-147, June.
    32. Moreno, Diego & Takalo, Tuomas, 2024. "Stress test precision and bank competition," Economics Letters, Elsevier, vol. 238(C).
    33. Moreno, Diego & Takalo, Tuomas, 2024. "Stress test precision and bank competition," Bank of Finland Research Discussion Papers 3/2024, Bank of Finland.
    34. Bhide, M G & Prasad, A & Ghosh, Saibal, 2001. "Emerging Challenges in Indian Banking," MPRA Paper 1711, University Library of Munich, Germany.
    35. Faidon Kalfaoglou & Alexandros Sarris, 2006. "Modeling the Components of Market Discipline," Working Papers 36, Bank of Greece.
    36. Shehzad, Choudhry Tanveer & De Haan, Jakob, 2015. "Supervisory powers and bank risk taking," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 39(C), pages 15-24.

  40. Hyytinen, Ari & Takalo, Tuomas, 2000. "Enhancing bank transparency: A re-assessment," Bank of Finland Research Discussion Papers 10/2000, Bank of Finland.

    Cited by:

    1. Etienne Farvaque & Catherine Refait-Alexandre, 2015. "Les exigences de transparence des accords de Bâle: Aubaine ou fardeau pour les pays en développement ?," Working Papers hal-01376914, HAL.
    2. Md. Hamid Uddin & Md. Hakim Ali & Mohammad Kabir Hassan, 2020. "Cybersecurity hazards and financial system vulnerability: a synthesis of literature," Risk Management, Palgrave Macmillan, vol. 22(4), pages 239-309, December.
    3. Hyytinen, Ari & Takalo, Tuomas, 2003. "Preventing systemic crises through bank transparency," Bank of Finland Research Discussion Papers 25/2003, Bank of Finland.
    4. Hyytinen, A. & Takalo, T., 2000. "Enhancing Bank Transparency: a Re-assessment," University of Helsinki, Department of Economics 492, Department of Economics.
    5. Timo Korkeamäki & Elina Rainio & Tuomas Takalo, 2013. "Reforming corporate law in an emerging market," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 21(3), pages 509-551, July.
    6. Brack, Estelle & Saidane, Dhafer, 2010. "Qu’attend-on de la finance mondiale après la crise ? Les quatre commandements oubliés [What do we expect form global finance after the crisis? The four forgotten Commandments]," MPRA Paper 23472, University Library of Munich, Germany.
    7. Reint Gropp & Hendrik Hakenes & Isabel Schnabel, 2011. "Competition, Risk-shifting, and Public Bail-out Policies," The Review of Financial Studies, Society for Financial Studies, vol. 24(6), pages 2084-2120.
    8. Stenbacka, Rune & Takalo, Tuomas, 2019. "Switching costs and financial stability," Journal of Financial Stability, Elsevier, vol. 41(C), pages 14-24.
    9. Petr Jansky, 2018. "European Banks and Tax Havens: Evidence from Country-by-Country Reporting," Working Papers IES 2018/38, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Dec 2018.
    10. Jukka Vauhkonen, 2012. "The Impact of Pillar 3 Disclosure Requirements on Bank Safety," Journal of Financial Services Research, Springer;Western Finance Association, vol. 41(1), pages 37-49, April.
    11. François Guillemin & Maria Semenova, 2020. "Transparency and market discipline: evidence from the Russian interbank market," Annals of Finance, Springer, vol. 16(2), pages 219-251, June.
    12. Moreno, Diego & Takalo, Tuomas, 2021. "Precision of public information disclosures, banks' stability and welfare," Bank of Finland Research Discussion Papers 3/2021, Bank of Finland.
    13. Ari Hyytinen & Mika Pajarinen, 2005. "External Finance, Firm Growth and the Benefits of Information Disclosure: Evidence from Finland," European Journal of Law and Economics, Springer, vol. 19(1), pages 69-93, January.
    14. Delis, Manthos D & Staikouras, Panagiotis, 2009. "On-site audits, sanctions, and bank risk-taking: An empirical overture towards a novel regulatory and supervisory philosophy," MPRA Paper 16836, University Library of Munich, Germany.
    15. Arnaud Bourgain & Patrice Pieretti & Skerdilajda Zanaj, 2009. "International Financial competition and bank risk-taking in emerging economies," DEM Discussion Paper Series 09-08, Department of Economics at the University of Luxembourg.
    16. Hyytinen, Ari & Pajarinen, Mika, 2003. "External Finance, Firm Growth and the Benefits of Information Disclosure: Evidence from Finland (Revised)," Discussion Papers 805, The Research Institute of the Finnish Economy.
    17. Bourgain, Arnaud & Pieretti, Patrice & Zanaj, Skerdilajda, 2012. "Financial openness, disclosure and bank risk-taking in MENA countries," Emerging Markets Review, Elsevier, vol. 13(3), pages 283-300.
    18. Nicole Allenspach, 2009. "Banking and Transparency: Is More Information Always Better?," Working Papers 2009-11, Swiss National Bank.
    19. Gambacorta, Leonardo & Polizzi, Salvatore & Reghezza, Alessio & Scannella, Enzo, 2023. "Do banks practice what they preach? Brown lending and environmental disclosure in the euro area," CEPR Discussion Papers 18623, C.E.P.R. Discussion Papers.
    20. Benoît D'Udekem, 2014. "Bank Cash Holdings and Investor Uncertainty," Working Papers CEB 14-002, ULB -- Universite Libre de Bruxelles.
    21. Irina Andrievskaya & Mikhail Raschupkin, 2015. "Is it Worth Being Transparent? Evidence from the Russian Banking System," HSE Working papers WP BRP 51/FE/2015, National Research University Higher School of Economics.
    22. Chen, Yehning & Hasan, Iftekhar, 2005. "The transparency of the banking industry and the efficiency of information-based bank runs," Bank of Finland Research Discussion Papers 24/2005, Bank of Finland.
    23. Ryuichiro Izumi, 2021. "Opacity: Insurance and Fragility," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 40, pages 146-169, April.
    24. Yiwei Fang & Iftekhar Hasan & Woon Sau Leung & Qingwei Wang, 2019. "Foreign ownership, bank information environments, and the international mobility of corporate governance," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(9), pages 1566-1593, December.
    25. Chen, Yehning & Hasan, Iftekhar, 2006. "The transparency of the banking system and the efficiency of information-based bank runs," Journal of Financial Intermediation, Elsevier, vol. 15(3), pages 307-331, July.
    26. Poshakwale, Sunil & Aghanya, Daniel & Agarwal, Vineet, 2020. "The impact of regulations on compliance costs, risk-taking, and reporting quality of the EU banks," International Review of Financial Analysis, Elsevier, vol. 68(C).
    27. Bowo Setiyono & Amine Tarazi, 2014. "Disclosure, ownership structure and bank risk: Evidence from Asia," Working Papers hal-00947590, HAL.
    28. Juha-Pekka Niinimäki, 2003. "Fairly Priced Deposit Insurance under Adverse Selection," Finnish Economic Papers, Finnish Economic Association, vol. 16(1), pages 38-48, Spring.
    29. Korkeamäki, Timo & Rainio, Elina & Takalo, Tuomas, 2010. "Law and stock markets: evidence from an emerging market," Bank of Finland Research Discussion Papers 1/2010, Bank of Finland.
    30. Vauhkonen, Jukka, 2009. "Bank safety under Basel II capital requirements," Bank of Finland Research Discussion Papers 29/2009, Bank of Finland.
    31. Patrick Van Roy, 2008. "Transparency in banking," Financial Stability Review, National Bank of Belgium, vol. 6(1), pages 133-147, June.
    32. Moreno, Diego & Takalo, Tuomas, 2024. "Stress test precision and bank competition," Economics Letters, Elsevier, vol. 238(C).
    33. Moreno, Diego & Takalo, Tuomas, 2024. "Stress test precision and bank competition," Bank of Finland Research Discussion Papers 3/2024, Bank of Finland.
    34. Bhide, M G & Prasad, A & Ghosh, Saibal, 2001. "Emerging Challenges in Indian Banking," MPRA Paper 1711, University Library of Munich, Germany.
    35. Faidon Kalfaoglou & Alexandros Sarris, 2006. "Modeling the Components of Market Discipline," Working Papers 36, Bank of Greece.
    36. Shehzad, Choudhry Tanveer & De Haan, Jakob, 2015. "Supervisory powers and bank risk taking," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 39(C), pages 15-24.

  41. Olli Castren & Tuomas Takalo, 2000. "Capital Market Development, Corporate Governance and the Credibility of Exchange Rate Pegs," Econometric Society World Congress 2000 Contributed Papers 0515, Econometric Society.

    Cited by:

    1. Mehmet Ugur & Melsa Ararat, 2006. "Does Macroeconomic Performance Affect Corporate Governance? Evidence from Turkey," Corporate Governance: An International Review, Wiley Blackwell, vol. 14(4), pages 325-348, July.
    2. Komulainen, Tuomas, 2001. "Currency crises in emerging markets: Capital flows and herding behaviour," BOFIT Discussion Papers 10/2001, Bank of Finland Institute for Emerging Economies (BOFIT).
    3. Dima, Bogdan & Dima, Ştefana Maria & Barna, Flavia, 2014. "The signaling effect of tax rates under fiscal competition: A (Shannonian) transfer entropy approach," Economic Modelling, Elsevier, vol. 42(C), pages 373-381.
    4. Takalo, Tuomas & Castrén, Olli & Wood, Geoffrey, 2004. "Labour market reform and the sustainability of exchange rate pegs," Working Paper Series 406, European Central Bank.
    5. Spanos, Loukas, 2005. "Corporate governance in Greece: developments and policy implications," MPRA Paper 42901, University Library of Munich, Germany.
    6. Loukas Spanos, 2005. "Corporate governance in Greece: developments and policy implications," Finance 0502017, University Library of Munich, Germany.

Articles

  1. Blomkvist, Magnus & Korkeamäki, Timo & Takalo, Tuomas, 2022. "Learning and staged equity financing," Journal of Corporate Finance, Elsevier, vol. 74(C).
    See citations under working paper version above.
  2. Klaus Kultti & Tuomas Takalo & Oskari Vähämaa, 2021. "Intermediation in a directed search model," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(2), pages 456-471, May.
    See citations under working paper version above.
  3. Tukiainen, Janne & Takalo, Tuomas & Hulkkonen, Topi, 2019. "Relative age effects in political selection," European Journal of Political Economy, Elsevier, vol. 58(C), pages 50-63.
    See citations under working paper version above.
  4. Stenbacka, Rune & Takalo, Tuomas, 2019. "Switching costs and financial stability," Journal of Financial Stability, Elsevier, vol. 41(C), pages 14-24.
    See citations under working paper version above.
  5. Tuomas Takalo, 2019. "Regulation of short-term consumer credits," Journal of Banking Regulation, Palgrave Macmillan, vol. 20(4), pages 348-354, December.

    Cited by:

    1. Cesar Leandro, Julio & Botelho, Delane, 2022. "Consumer over-indebtedness: A review and future research agenda," Journal of Business Research, Elsevier, vol. 145(C), pages 535-551.
    2. Ryszard Kowalski & Grzegorz Wałęga, 2022. "Regulation of Usury: Justification, Consequences, and Some Lessons from Polish Experience," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 57-73.
    3. K. Majamaa & A.-R. Lehtinen, 2022. "An Analysis of Finnish Debtors Who Defaulted in 2014–2016 Because of Unsecured Credit Products," Journal of Consumer Policy, Springer, vol. 45(4), pages 595-617, December.

  6. Diego Moreno & Tuomas Takalo, 2016. "Optimal Bank Transparency," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(1), pages 203-231, February.
    See citations under working paper version above.
  7. Martikainen, Emmi & Schmiedel, Heiko & Takalo, Tuomas, 2015. "Convergence of European retail payments," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 81-91.
    See citations under working paper version above.
  8. Klaus Kultti & Tuomas Takalo & Tanja Tanayama, 2015. "R&D spillovers and information exchange: a case study," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 5(1), pages 63-76, June.

    Cited by:

    1. Sara Amoroso, 2017. "Multilevel heterogeneity of R&D cooperation and innovation determinants," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 7(1), pages 93-120, April.

  9. Kopsakangas-Savolainen Maria & Takalo Tuomas, 2014. "Competition Before Sunset: The Case of the Finnish ATM Market," Review of Network Economics, De Gruyter, vol. 13(1), pages 1-33, March.
    See citations under working paper version above.
  10. Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2013. "Market failures and the additionality effects of public support to private R&D: Theory and empirical implications," International Journal of Industrial Organization, Elsevier, vol. 31(5), pages 634-642.
    See citations under working paper version above.
  11. Mari Komulainen & Tuomas Takalo, 2013. "Does State Street Lead to Europe? The Case of Financial Exchange Innovations," European Financial Management, European Financial Management Association, vol. 19(3), pages 521-557, June.
    See citations under working paper version above.
  12. Tuomas Takalo & Tanja Tanayama & Otto Toivanen, 2013. "Estimating the Benefits of Targeted R&D Subsidies," The Review of Economics and Statistics, MIT Press, vol. 95(1), pages 255-272, March.

    Cited by:

    1. Saul Lach & Zvika Neeman & Mark Schankerman, 2020. "Government financing of R&D: A mechanism design approach," STICERD - Economics of Industry Papers 55, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    2. Sven Heim & Kai Hüschelrath & Philipp Schmidt-Dengler & Maurizio Strazzeri, 2017. "The impact of state aid on the survival and financial viability of aided firms," Post-Print hal-01952924, HAL.
    3. Dechezleprêtre, Antoine & Einiö, Elias & Martin, Ralf & Nguyen, Kieu-Trang & Van Reenen, John, 2016. "Do tax incentives for research increase firm innovation? An RD Design for RD," Working Papers 73, VATT Institute for Economic Research.
    4. Pere Arqué-Castells, 2013. "Persistence in R&D Performance and its Implications for the Granting of Subsidies," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 43(3), pages 193-220, November.
    5. Mehmet Ugur & Eshref Trushin, 2023. "Information asymmetry, risk aversion and R&D subsidies: effect-size heterogeneity and policy conundrums," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 32(8), pages 1190-1215, November.
    6. Dirk Czarnitzki & Julie Delanote, 2016. "Incorporating innovation subsidies in the CDM framework: Empirical evidence from Belgium," Working Papers of ECOOM - Centre for Research and Development Monitoring 543966, KU Leuven, Faculty of Economics and Business (FEB), ECOOM - Centre for Research and Development Monitoring.
    7. Ugur, Mehmet & Trushin, Esref & Solomon, Edna M., 2015. "UK and EU subsidies and private R&D investment: Is there input additionality?," Greenwich Papers in Political Economy 14082, University of Greenwich, Greenwich Political Economy Research Centre.
    8. Chiara Criscuolo & Ralf Martin & Henry G. Overman & John Van Reenen, 2019. "Some Causal Effects of an Industrial Policy," American Economic Review, American Economic Association, vol. 109(1), pages 48-85, January.
    9. Sergio Afcha & Jose García-Quevedo, 2014. "The impact of R&D subsidies on R&D employment composition," Working Papers 2014/22, Institut d'Economia de Barcelona (IEB).
    10. Jacob, Martin & Johan, Sofia & Schweizer, Denis & Zhan, Feng, 2016. "Corporate finance and the governance implications of removing government support programs," Journal of Banking & Finance, Elsevier, vol. 63(C), pages 35-47.
    11. Hasan, Iftekhar & Martikainen, Emmi & Takalo, Tuomas, 2015. "Promoting efficient retail payments in Europe," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 8(4), pages 395-406, January.
    12. Mitze, Timo & Makkonen, Teemu, 2023. "Can large-scale RDI funding stimulate post-crisis recovery growth? Evidence for Finland during COVID-19," Technological Forecasting and Social Change, Elsevier, vol. 186(PB).
    13. Bodas Freitas, Isabel & Castellacci, Fulvio & Fontana, Roberto & Malerba, Franco & Vezzulli, Andrea, 2017. "Sectors and the additionality effects of R&D tax credits: A cross-country microeconometric analysis," Research Policy, Elsevier, vol. 46(1), pages 57-72.
    14. Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2022. "Welfare effects of R&D support policies," Bank of Finland Research Discussion Papers 2/2022, Bank of Finland.
    15. Barajas, Ascensión & Huergo, Elena & Moreno, Lourdes, 2017. "Public Support to Business R&D and the Economic Crisis: Spanish Evidence," MPRA Paper 81529, University Library of Munich, Germany.
    16. Ugur, Mehmet & Trushin, Eshref, 2018. "Asymmetric information and heterogeneous effects of R&D subsidies: evidence on R&D investment and employment of R&D personel," Greenwich Papers in Political Economy 21943, University of Greenwich, Greenwich Political Economy Research Centre.
    17. Ester Martínez-Ros & Rasi Kunapatarawong, 2019. "The Impact of Innovation and Green Fiscal Incentives on Employment in Spain," Hacienda Pública Española / Review of Public Economics, IEF, vol. 231(4), pages 125-154, December.
    18. Ziesemer, Thomas, 2019. "The effects of R&D subsidies and publicly performed R&D on business R&D: A survey," MERIT Working Papers 2019-036, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    19. Florin G Maican & Matilda Orth & Mark J Roberts & Van Anh Vuong, 2023. "The Dynamic Impact of Exporting on Firm R&D Investment," Journal of the European Economic Association, European Economic Association, vol. 21(4), pages 1318-1362.
    20. Meng Wei Chen & Yu Chen & Zhen-Hua Wu & Ningru Zhao, 2018. "Government Intervention, Innovation, and Entrepreneurship," Graz Economics Papers 2018-15, University of Graz, Department of Economics.
    21. Francesco Decarolis & Gaétan de Rassenfosse & Leonardo M. Giuffrida & Elisabetta Iossa & Vincenzo Mollisi & Emilio Raiteri & Giancarlo Spagnolo, 2021. "Buyers' role in innovation procurement: Evidence from US military R&D contracts," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 30(4), pages 697-720, November.
    22. Huergo, Elena & Moreno, Lourdes, 2014. "National or international public funding? Subsidies or loans? Evaluating the innovation impact of R&D support programmes," MPRA Paper 54218, University Library of Munich, Germany.
    23. Hyensup Shim & Kiyoon Shin, 2021. "Empirical Analysis of Evidence-Based Policymaking in R&D Programmes," Sustainability, MDPI, vol. 14(1), pages 1-15, December.
    24. Filipe Silva & Carlos Carreira, 2012. "Financial Constraints: Do They Matter to R&D Subsidy Attribution?," GEMF Working Papers 2012-18, GEMF, Faculty of Economics, University of Coimbra.
    25. Pere Arqué-Castells & Pierre Mohnen, 2012. "Sunk costs, extensive R&D subsidies and permanent inducement effects," CIRANO Working Papers 2012s-09, CIRANO.
    26. Busom, Isabel & Corchuelo, Beatriz & Martinez Ros, Ester, 2012. "Tax incentives or subsidies for R&D?," MERIT Working Papers 2012-056, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    27. LOPES BENTO Cindy & CZARNITZKI Dirk, 2012. "Value for money? New microeconomic evidence on public R&D grants in Flanders," LISER Working Paper Series 2012-19, Luxembourg Institute of Socio-Economic Research (LISER).
    28. Torres, Miguel Matos & Clegg, L. Jeremy & Varum, Celeste Amorim, 2016. "The missing link between awareness and use in the uptake of pro-internationalization incentives," International Business Review, Elsevier, vol. 25(2), pages 495-510.
    29. Falk, Martin & Svensson, Roger, 2018. "Allocation of R&D Grants in the Business Sector," Working Paper Series 1231, Research Institute of Industrial Economics.
    30. Arvid Raknerud & Diana-Cristina Iancu & Øivind A. Nilsen, 2018. "Public R&D Support and Firms’ Performance. A Panel Data Study," Discussion Papers 878, Statistics Norway, Research Department.
    31. Koehler, Mila & Peters, Bettina, 2017. "Subsidized and non-subsidized R&D projects: Do they differ?," ZEW Discussion Papers 17-042, ZEW - Leibniz Centre for European Economic Research.
    32. Segarra Blasco, Agustí, 1958- & Teruel, Mercedes, 2014. "Young Firms and R&D subsidies in Catalonia," Working Papers 2072/242276, Universitat Rovira i Virgili, Department of Economics.
    33. Takalo, Tuomas & Tanayama, Tanja & Toivanen, Otto, 2013. "Market failures and the additionality effects of public support to private R&D: Theory and empirical implications," Bank of Finland Research Discussion Papers 2/2013, Bank of Finland.
    34. Fang, Lei & Zhao, Sai, 2023. "On the green subsidies in a differentiated market," International Journal of Production Economics, Elsevier, vol. 257(C).
    35. Isabel Busom & Beatriz Corchuelo & Ester Martínez-Ros, 2017. "Participation inertia in R&D tax incentive and subsidy programs," Small Business Economics, Springer, vol. 48(1), pages 153-177, January.
    36. David Aristei & Alessandro Sterlacchini & Francesco Venturini, 2017. "Effectiveness of R&D subsidies during the crisis: firm-level evidence across EU countries," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 26(6), pages 554-573, August.
    37. Koehler, Mila, 2018. "Estimating the benefits of R&D subsidies for Germany," ZEW Discussion Papers 18-002, ZEW - Leibniz Centre for European Economic Research.
    38. Erol Taymaz & Yesim Ucdogruk, 2013. "The Demand for Researchers: Does Public R&D Support Make a Difference?," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 3(1), pages 90-99, June.
    39. LOPES BENTO Cindy & HOTTENROTT Hanna, 2012. "(International) R&D Collaboration and SMEs: The effectiveness of targeted public R&D support schemes," LISER Working Paper Series 2012-36, Luxembourg Institute of Socio-Economic Research (LISER).
    40. Marco Mariani & Fabrizia Mealli, 2018. "The Effects of R&D Subsidies to Small and Medium-Sized Enterprises. Evidence from a Regional Program," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 4(2), pages 249-281, July.
    41. Bronzini, Raffaello & Piselli, Paolo, 2016. "The impact of R&D subsidies on firm innovation," Research Policy, Elsevier, vol. 45(2), pages 442-457.
    42. Konstantinos Panagiotakopoulos & Jose Maria Fernandez-Crehuet & José Molero Zayas, 2018. "Public Finance of R&D and the Obstacles to Innovation: The Case of Spain," International Journal of Social Science Studies, Redfame publishing, vol. 6(12), pages 1-21, December.
    43. Shuang Wang & Shukuan Zhao & Dong Shao & Hongyu Liu, 2020. "Impact of Government Subsidies on Manufacturing Innovation in China: The Moderating Role of Political Connections and Investor Attention," Sustainability, MDPI, vol. 12(18), pages 1-21, September.
    44. Rainer Widmann, 2023. "The Behavioral Additionality of Government Research Grants," Rationality and Competition Discussion Paper Series 417, CRC TRR 190 Rationality and Competition.
    45. Serenella Caravella & Francesco Crespi, 2021. "The role of public procurement as innovation lever: evidence from Italian manufacturing firms," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 30(7), pages 663-684, October.
    46. Chiappinelli, Olga & Giuffrida, Leonardo M. & Spagnolo, Giancarlo, 2023. "Public procurement as an innovation policy: Where do we stand?," ZEW Discussion Papers 23-002, ZEW - Leibniz Centre for European Economic Research.
    47. Huergo, Elena & Trenado, Mayte & Ubierna, Andrés, 2016. "The impact of public support on firm propensity to engage in R&D: Spanish experience," Technological Forecasting and Social Change, Elsevier, vol. 113(PB), pages 206-219.
    48. Isabel Busom & Beatriz Corchuelo & Ester Martínez-Ros, 2014. "Tax incentives… or subsidies for business R&D?," Small Business Economics, Springer, vol. 43(3), pages 571-596, October.
    49. Benjamin Montmartin & Marcos Herrera, 2014. "Internal and External Effects of R&D Subsidies and Fiscal Incentives: Empirical Evidence Using Spatial Dynamic Panel Models," GREDEG Working Papers 2014-09, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    50. Crass, Dirk & Rammer, Christian & Aschhoff, Birgit, 2016. "Geographical clustering and the effectiveness of public innovation programs," ZEW Discussion Papers 16-083, ZEW - Leibniz Centre for European Economic Research.
    51. Czarnitzki, Dirk & Lopes-Bento, Cindy, 2013. "Value for money? New microeconometric evidence on public R&D grants in Flanders," Research Policy, Elsevier, vol. 42(1), pages 76-89.
    52. Hottenrott, Hanna & Demeulemeester, Sarah, 2017. "R&D Subsidies and Firms’ Cost of Debt," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168093, Verein für Socialpolitik / German Economic Association.
    53. Isabel Bodas Freitas & Fulvio Castellacci & Roberto Fontana & Franco Malerba & Andrea Vezzulli, 2015. "The additionality effects of R&D tax credits across sectors: A cross-country microeconometric analysis," Working Papers on Innovation Studies 20150424, Centre for Technology, Innovation and Culture, University of Oslo.
    54. Francesco Squintani & Hugo A. Hopenhayn, 2016. "On the Direction of Innovation," 2016 Meeting Papers 1357, Society for Economic Dynamics.
    55. Bucci, Valeria, 2019. "The Effect of Fiscal Incentives on Business R&D," MPRA Paper 95333, University Library of Munich, Germany.
    56. Jinglve Wang & Hongping Yuan, 2023. "Deciphering the Innovation Subsidy Puzzle: Government Choices amid Supply Chain Encroachment," Mathematics, MDPI, vol. 11(23), pages 1-38, November.
    57. Antoine Dechezleprêtre & Elias Einiö & Ralf Martin & Kieu-Trang Nguyen & John Van Reenen, 2016. "Do tax incentives for research increase firm innovation? An RD design for R&D, patents and spillovers," CEP Discussion Papers dp1413, Centre for Economic Performance, LSE.
    58. Ana M. Silva & Sandra T. Silva & Anabela Carneiro, 2017. "Determinants of grant decisions in R&D subsidy programmes: Evidence from firms and S&T organisations in Portugal," Science and Public Policy, Oxford University Press, vol. 44(5), pages 683-697.
    59. Feng Xiao & Meng Weidong & Huang Bo, 2021. "Research on Innovation Signals and Feedbacks between SMEs and the Government," Entrepreneurship Research Journal, De Gruyter, vol. 11(2), pages 71-98, April.
    60. Widmann, Rainer, 2024. "The behavioral additionality of government research grants," International Journal of Industrial Organization, Elsevier, vol. 93(C).
    61. Böing, Philipp, 2014. "China's Technology Subsidies - Much ado about nothing?," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100536, Verein für Socialpolitik / German Economic Association.
    62. Isabel Busom & Beatriz Corchuelo & Ester Martinez Ros, 2012. "Tax incentives and direct support for R&D: What do firms use and why?," Working Papers wpdea1212, Department of Applied Economics at Universitat Autonoma of Barcelona.
    63. Ascensión Barajas & Elena Huergo & Lourdes Moreno, 2021. "The role of public loans in financing business R&D through the economic cycle," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 38(2), pages 505-538, July.
    64. Aiello, Francesco & Albanese, Giuseppe & Piselli, Paolo, 2017. "Public R&D support in Italy. Evidence from a new firm-level patent data set," MPRA Paper 77955, University Library of Munich, Germany.
    65. Wang, Yanbo & Li, Jizhen & Furman, Jeffrey L., 2017. "Firm performance and state innovation funding: Evidence from China’s innofund program," Research Policy, Elsevier, vol. 46(6), pages 1142-1161.
    66. Anders Gustafsson & Patrik Gustavsson Tingvall & Daniel Halvarsson, 2020. "Subsidy Entrepreneurs: an Inquiry into Firms Seeking Public Grants," Journal of Industry, Competition and Trade, Springer, vol. 20(3), pages 439-478, September.
    67. Aalto, Eero & Gustafsson, Robin, 2020. "Innovation Promotion Rationales and Impacts – A Review," ETLA Reports 99, The Research Institute of the Finnish Economy.
    68. Dumont, Michel, 2017. "Assessing the policy mix of public support to business R&D," Research Policy, Elsevier, vol. 46(10), pages 1851-1862.
    69. Hyytinen, Ari, 2021. "Shared problem solving and design thinking in entrepreneurship research," Journal of Business Venturing Insights, Elsevier, vol. 16(C).
    70. Guo, Yan & Zhang, Haochen, 2022. "Spillovers of innovation subsidies on regional industry growth: Evidence from China," Economic Modelling, Elsevier, vol. 112(C).
    71. Hottenrott, Hanna & Lopes-Bento, Cindy & Veugelers, Reinhilde, 2017. "Direct and cross scheme effects in a research and development," Research Policy, Elsevier, vol. 46(6), pages 1118-1132.
    72. Dai, Xiaoyong & Cheng, Liwei, 2015. "The effect of public subsidies on corporate R&D investment: An application of the generalized propensity score," Technological Forecasting and Social Change, Elsevier, vol. 90(PB), pages 410-419.

  13. Tuomas Takalo, 2012. "Rationales and Instruments for Public Innovation Policies," Journal of Reviews on Global Economics, Lifescience Global, vol. 1, pages 157-167.
    See citations under working paper version above.
  14. Tuomas Takalo & Otto Toivanen, 2012. "Entrepreneurship, Financiership, and Selection," Scandinavian Journal of Economics, Wiley Blackwell, vol. 114(2), pages 601-628, June.

    Cited by:

    1. Inci, Eren, 2013. "Occupational choice and the quality of entrepreneurs," Journal of Economic Behavior & Organization, Elsevier, vol. 92(C), pages 1-21.
    2. Gokmen, Gunes & Morin, Annaig, 2021. "Investment shocks and inequality dynamics," Economic Modelling, Elsevier, vol. 94(C), pages 570-579.
    3. Zonglai Kou & Patrick Rey & Tong Wang, 2013. "Non-Obviousness and Screening," Journal of Industrial Economics, Wiley Blackwell, vol. 61(3), pages 700-732, September.
    4. Tuomas Takalo, 2019. "Regulation of short-term consumer credits," Journal of Banking Regulation, Palgrave Macmillan, vol. 20(4), pages 348-354, December.
    5. Silvo, Aino, 2017. "House prices, lending standards, and the macroeconomy," Bank of Finland Research Discussion Papers 4/2017, Bank of Finland.

  15. Olli Castrén & Tuomas Takalo & Geoffrey Wood, 2010. "Unemployment Persistence And The Sustainability Of Exchange Rate Pegs," Scottish Journal of Political Economy, Scottish Economic Society, vol. 57(1), pages 85-102, February.

    Cited by:

    1. Begović, Selena & Adnett, Nick & Pugh, Geoff, 2016. "An investigation into the credibility of currency board arrangements in Bosnia and Herzegovina and Bulgaria," Journal of Comparative Economics, Elsevier, vol. 44(3), pages 787-799.
    2. Haiyang Shang & Fang Su & Serhat Yüksel & Hasan Dinçer, 2021. "Identifying the Strategic Priorities of the Technical Factors for the Sustainable Low Carbon Industry Based on Macroeconomic Conditions," SAGE Open, , vol. 11(2), pages 21582440211, May.
    3. Kuokštis, Vytautas & Asali, Muhammad & Spurga, Simonas Algirdas, 2024. "Exchange Rates and Economic Growth During the Global Business Cycle: The Role of Labor Market Institutions," IZA Discussion Papers 17590, Institute of Labor Economics (IZA).
    4. Emiliano Brancaccio & Nadia Garbellini, 2015. "Currency regime crises, real wages, functional income distribution and production," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 12(3), pages 255-276, December.

  16. Tuomas Takalo & Tanja Tanayama, 2010. "Adverse selection and financing of innovation: is there a need for R&D subsidies?," The Journal of Technology Transfer, Springer, vol. 35(1), pages 16-41, February.
    See citations under working paper version above.
  17. Klaus Kultti & Antti Miettunen & Tuomas Takalo & Juha Virrankoski, 2009. "Who Searches?," The Japanese Economic Review, Japanese Economic Association, vol. 60(2), pages 152-171, June.

    Cited by:

    1. Derek G. Stacey, 2015. "Posted Prices, Search and Bargaining," Working Papers 059, Toronto Metropolitan University, Department of Economics, revised May 2019.
    2. Klaus Kultti & Antti Miettunen & Juha Virrankoski, 2006. "Physical Search," Journal of Economics, Springer, vol. 89(3), pages 223-244, December.
    3. Klaus Kultti & Eeva Mauring, 2010. "Search with Homogeneous and Heterogeneous Agents," Finnish Economic Papers, Finnish Economic Association, vol. 23(2), pages 62-72, Autumn.
    4. Marja-Liisa Halko & Klaus Kultti & Juha Virrankoski, 2005. "Wage Distribution with a Two-Sided Job Auction," 2005 Meeting Papers 518, Society for Economic Dynamics.

  18. Hyytinen Ari & Takalo Tuomas, 2009. "Consumer Awareness and the Use of Payment Media: Evidence from Young Finnish Consumers," Review of Network Economics, De Gruyter, vol. 8(2), pages 1-25, June.
    See citations under working paper version above.
  19. Kultti, Klaus & Takalo, Tuomas, 2008. "Optimal fragmentation of intellectual property rights," International Journal of Industrial Organization, Elsevier, vol. 26(1), pages 137-149, January.

    Cited by:

    1. Amiya K. Chakravarty, 2021. "The outsourcing conundrum: Misappropriation of intellectual property in supply chains," Naval Research Logistics (NRL), John Wiley & Sons, vol. 68(2), pages 229-240, March.
    2. Clark, Derek J. & Konrad, Kai A., 2008. "Fragmented property rights and incentives for R&D," Munich Reprints in Economics 22089, University of Munich, Department of Economics.
    3. Gabrovski, Miroslav, 2017. "Coordination Frictions and Economic Growth," MPRA Paper 81298, University Library of Munich, Germany, revised 17 Jul 2017.
    4. Zoltán J. Ács & Mark Sanders, 2015. "Patents, knowledge spillovers, and entrepreneurship," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 11, pages 195-212, Edward Elgar Publishing.
    5. Klaus Kultti & Tuomas Takalo & Juuso Toikka, 2007. "Secrecy versus patenting," RAND Journal of Economics, RAND Corporation, vol. 38(1), pages 22-42, March.
    6. Gurrieri, Antonia Rosa, 2013. "Networking entrepreneurs," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 47(C), pages 193-204.
    7. Klaus Kultti & Tuomas Takalo & Juuso Toikka, 2006. "Simultaneous Model of Innovation, Secrecy, and Patent Policy," American Economic Review, American Economic Association, vol. 96(2), pages 82-86, May.

  20. Hyytinen, Ari & Takalo, Tuomas, 2008. "Investor protection and business creation," International Review of Law and Economics, Elsevier, vol. 28(2), pages 113-122, June.
    See citations under working paper version above.
  21. Korkeamaki, Timo & Koskinen, Yrjo & Takalo, Tuomas, 2007. "Phoenix rising: Legal reforms and changes in valuations in Finland during the economic crisis," Journal of Financial Stability, Elsevier, vol. 3(1), pages 33-58, April.
    See citations under working paper version above.
  22. Klaus Kultti & Tuomas Takalo & Juuso Toikka, 2007. "Secrecy versus patenting," RAND Journal of Economics, RAND Corporation, vol. 38(1), pages 22-42, March.

    Cited by:

    1. Carlos J Ponce, 2007. "More Secrecy...More Knowledge Disclosure? On Disclosure Outside of Patents," Levine's Working Paper Archive 122247000000001600, David K. Levine.
    2. Crass, Dirk & Garcia Valero, Francisco & Pitton, Francesco & Rammer, Christian, 2016. "Protecting innovation through patents and trade secrets: Determinants and performance impacts for firms with a single innovation," ZEW Discussion Papers 16-061, ZEW - Leibniz Centre for European Economic Research.
    3. Ponzetto, Giacomo, 2012. "Intellectual Property Rights and Efficient Firm Organization," CEPR Discussion Papers 9212, C.E.P.R. Discussion Papers.
    4. Gans, Joshua S. & Murray, Fiona E. & Stern, Scott, 2017. "Contracting over the disclosure of scientific knowledge: Intellectual property and academic publication," Research Policy, Elsevier, vol. 46(4), pages 820-835.
    5. Telg, Nina & Lokshin, Boris & Letterie, Wilko, 2023. "How formal and informal intellectual property protection matters for firms' decision to engage in coopetition: The role of environmental dynamism and competition intensity," Technovation, Elsevier, vol. 124(C).
    6. Song, Yangbo & Zhao, Mofei, 2021. "Dynamic R&D competition under uncertainty and strategic disclosure," Journal of Economic Behavior & Organization, Elsevier, vol. 181(C), pages 169-210.
    7. Carsten Fink & Andrea Fosfuri & Christian Helmers & Amanda F. Myers, 2018. "Submarine Trademarks," WIPO Economic Research Working Papers 51, World Intellectual Property Organization - Economics and Statistics Division.
    8. Delerue, Hélène & Lejeune, Albert, 2011. "Managerial secrecy and intellectual asset protection in SMEs: The role of institutional environment," Journal of International Management, Elsevier, vol. 17(2), pages 130-142, June.
    9. Jürgen Mihm & Fabian J. Sting & Tan Wang, 2015. "On the Effectiveness of Patenting Strategies in Innovation Races," Management Science, INFORMS, vol. 61(11), pages 2662-2684, November.
    10. Klein, Michael A, 2021. "The reward and contract theories of patents in a model of endogenous growth," MPRA Paper 107481, University Library of Munich, Germany.
    11. Ajay Bhaskarabhatla & Enrico Pennings, 2012. "Defensive Disclosure under Antitrust Enforcement," DRUID Working Papers 12-08, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    12. Gabrovski, Miroslav, 2015. "The Patent System as a Tool for Eroding Market Power," MPRA Paper 81330, University Library of Munich, Germany, revised 10 Sep 2017.
    13. Hall, B.H. & Sena, Vania, 2014. "Appropriability mechanisms, innovation and productivity: Evidence from the UK," MERIT Working Papers 2014-059, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    14. Zhang, Tianle, 2012. "Patenting in the shadow of independent discoveries by rivals," International Journal of Industrial Organization, Elsevier, vol. 30(1), pages 41-49.
    15. Malte Mosel, 2011. "Big patents, small secrets: how firms protect inventions when R&D outcome is heterogeneous," Working Papers 105, Bavarian Graduate Program in Economics (BGPE).
    16. Sim, Kyoungbo, 2021. "Optimal use of patents and trade secrets for complex innovations," International Journal of Industrial Organization, Elsevier, vol. 79(C).
    17. Klein, Michael A., 2020. "Secrecy, the patent puzzle and endogenous growth," European Economic Review, Elsevier, vol. 126(C).
    18. Bronwyn Hall & Christian Helmers & Mark Rogers & Vania Sena, 2014. "The Choice between Formal and Informal Intellectual Property: A Review," Journal of Economic Literature, American Economic Association, vol. 52(2), pages 375-423, June.
    19. Trommetter, M. & Tropéano, J.P., 2009. "Do broad patents deter research cooperation ?," Working Papers 200904, Grenoble Applied Economics Laboratory (GAEL).
    20. Emeric Henry & Francisco Ruiz Aliseda, 2013. "Innovation beyond Patents: Technological Complexity as a Protection against Imitation," SciencePo Working papers hal-03461033, HAL.
    21. Patrick Herbst & Eric Jahn, 2017. "IP-for-IP or Cash-for-IP? R&D Competition and the Market for Technology," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 51(1), pages 75-101, August.
    22. Bronwyn H. Hall & Christian Helmers & Mark Rogers & Vania Sena, 2012. "The Choice between Formal and Informal Intellectual Property: A Literature Review," NBER Working Papers 17983, National Bureau of Economic Research, Inc.
    23. Tapan Biswas & Jolian McHardy, 2012. "Secrecy Versus Patents: Process Innovations and the Role of Uncertainty," Working Papers 2012006, The University of Sheffield, Department of Economics.
    24. Ding, Rong & Ko, Chiu Yu, 2021. "Does licensing improve welfare with rent dissipation?," Economic Modelling, Elsevier, vol. 105(C).
    25. Belleflamme,Paul & Peitz,Martin, 2015. "Industrial Organization," Cambridge Books, Cambridge University Press, number 9781107069978, November.
    26. Ping Lin & Tianle Zhang & Wen Zhou, 2020. "Vertical integration and disruptive cross‐market R&D," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 29(1), pages 51-73, January.
    27. Helmers, Christian & Rogers, Mark, 2011. "Does patenting help high-tech start-ups?," Research Policy, Elsevier, vol. 40(7), pages 1016-1027, September.
    28. Bos, Brenda & Broekhuizen, Thijs L.J. & de Faria, Pedro, 2015. "A dynamic view on secrecy management," Journal of Business Research, Elsevier, vol. 68(12), pages 2619-2627.
    29. Liang Guo-Fitoussi & Ahmed Bounfour & Sabrine Rekik, 2019. "Intellectual property rights, complementarity and the firm's economic performance," Post-Print hal-03427803, HAL.
    30. Miroslav Gabrovski, 2018. "Simultaneous Innovation and the Cyclicality of R&D," Working Papers 201813, University of Hawaii at Manoa, Department of Economics.
    31. BELLELFLAMME, Paul & BLOCH , Francis & ,, 2013. "Dynamic protection of innovations through patents and trade secrets," LIDAM Discussion Papers CORE 2013059, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    32. Xiaoyang Zhao, 2019. "Patenting Or Secret? The Interaction Between Leading Firms And Following Firms Based On Evolutionary Game Theory And Multi-Agent Simulation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(07), pages 1-22, October.
    33. Gabrovski, Miroslav, 2017. "Coordination Frictions and Economic Growth," MPRA Paper 81298, University Library of Munich, Germany, revised 17 Jul 2017.
    34. Ekinci, Emre, 2022. "Employee entrepreneurship and signaling role of corporate venturing decisions," Labour Economics, Elsevier, vol. 79(C).
    35. Dirk Crass & Francisco Garcia Valero & Francesco Pitton & Christian Rammer, 2019. "Protecting Innovation Through Patents and Trade Secrets: Evidence for Firms with a Single Innovation," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 26(1), pages 117-156, January.
    36. Di Fan & Long Zhao, 2022. "Old Wine in New Bottles: Patenting Propensity," Journal of Industry, Competition and Trade, Springer, vol. 22(2), pages 207-224, June.
    37. Burton, M. Diane & Nicholas, Tom, 2017. "Prizes, patents and the search for longitude," Explorations in Economic History, Elsevier, vol. 64(C), pages 21-36.
    38. Daniel P. Gross, 2019. "The Hidden Costs of Securing Innovation: The Manifold Impacts of Compulsory Invention Secrecy," NBER Working Papers 25545, National Bureau of Economic Research, Inc.
    39. Bornemann, Tobias, 2018. "Do transfer pricing rules distort R&D investment decisions?," arqus Discussion Papers in Quantitative Tax Research 233, arqus - Arbeitskreis Quantitative Steuerlehre.
    40. Walter, Sascha G. & Schmidt, Arne & Walter, Achim, 2016. "Patenting rationales of academic entrepreneurs in weak and strong organizational regimes," Research Policy, Elsevier, vol. 45(2), pages 533-545.
    41. Hofmann, Peter & Keller, Robert & Urbach, Nils, 2019. "Inter-technology relationship networks: Arranging technologies through text mining," Technological Forecasting and Social Change, Elsevier, vol. 143(C), pages 202-213.
    42. Malte Mosel, 2012. "The role of patents and secrecy for intellectual property protection: theory and evidence," Working Papers 117, Bavarian Graduate Program in Economics (BGPE).
    43. Pavel Kocourek, 2021. "Revealing Private Information in a Patent Race," CERGE-EI Working Papers wp693, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    44. Klaus Kultti & Tuomas Takalo & Juuso Toikka, 2005. "Patents Hinder Collusion," Industrial Organization 0503015, University Library of Munich, Germany.
    45. Roma, Paolo & Messeni Petruzzelli, Antonio & Perrone, Giovanni, 2017. "From the crowd to the market: The role of reward-based crowdfunding performance in attracting professional investors," Research Policy, Elsevier, vol. 46(9), pages 1606-1628.
    46. Bonwoo Koo & Brian D. Wright, 2010. "Dynamic Effects of Patent Policy on Sequential Innovation," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 19(2), pages 489-512, June.
    47. Michelle Y. Lu & Jiwoong Shin, 2018. "A Model of Two-Sided Costly Communication for Building New Product Category Demand," Marketing Science, INFORMS, vol. 37(3), pages 382-402, May.
    48. Jussi Heikkilä & Annika Lorenz, 2018. "Need for speed? Exploring the relative importance of patents and utility models among German firms," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 27(1), pages 80-105, January.
    49. Mukherjee, Arijit & Stern, Scott, 2009. "Disclosure or secrecy? The dynamics of Open Science," International Journal of Industrial Organization, Elsevier, vol. 27(3), pages 449-462, May.
    50. Kultti, Klaus & Takalo, Tuomas, 2008. "Optimal fragmentation of intellectual property rights," International Journal of Industrial Organization, Elsevier, vol. 26(1), pages 137-149, January.
    51. Walter, Sascha G. & Schmidt, Arne & Walter, Achim, 2010. "The Patenting Behavior of Academic Founders," EconStor Preprints 37083, ZBW - Leibniz Information Centre for Economics.
    52. David Youngberg & Joshua Hall, 2020. "Inventor Mobility, Human Capital, and the Propensity to Patent," Working Papers 20-10, Department of Economics, West Virginia University.
    53. Klaus Kultti & Tuomas Takalo & Juuso Toikka, 2006. "Simultaneous Model of Innovation, Secrecy, and Patent Policy," American Economic Review, American Economic Association, vol. 96(2), pages 82-86, May.
    54. Schmidt, Tobias, 2006. "An Empirical Analysis of the Effects of Patents and Secrecy on Knowledge Spillovers," ZEW Discussion Papers 06-048, ZEW - Leibniz Centre for European Economic Research.
    55. Aineas Kostas Mallios, 2024. "Licensing and secrecy under imperfect intellectual property protection," Theory and Decision, Springer, vol. 97(3), pages 527-552, November.

  23. Juha-Pekka Niinimäki & Tuomas Takalo, 2007. "Benchmarking and Comparing Entrepreneurs with Incomplete Information," Finnish Economic Papers, Finnish Economic Association, vol. 20(2), pages 91-107, Autumn.

    Cited by:

    1. Takalo, Tuomas, 2009. "Rationales and Instruments for Public Innovation Policies," Discussion Papers 1185, The Research Institute of the Finnish Economy.
    2. Niinimäki, Juha-Pekka, 2010. "Moral hazard in the credit market when the collateral value is stochastic," Bank of Finland Research Discussion Papers 22/2010, Bank of Finland.

  24. Panu Poutvaara & Tuomas Takalo, 2007. "Candidate quality," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 14(1), pages 7-27, February.
    See citations under working paper version above.
  25. Klaus Kultti & Tuomas Takalo & Juuso Toikka, 2006. "Simultaneous Model of Innovation, Secrecy, and Patent Policy," American Economic Review, American Economic Association, vol. 96(2), pages 82-86, May.

    Cited by:

    1. Adam Karbowski, 2020. "A Note on Patents and Leniency," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 97-108.
    2. Carlos J Ponce, 2007. "More Secrecy...More Knowledge Disclosure? On Disclosure Outside of Patents," Levine's Working Paper Archive 122247000000001600, David K. Levine.
    3. Crass, Dirk & Garcia Valero, Francisco & Pitton, Francesco & Rammer, Christian, 2016. "Protecting innovation through patents and trade secrets: Determinants and performance impacts for firms with a single innovation," ZEW Discussion Papers 16-061, ZEW - Leibniz Centre for European Economic Research.
    4. Komulainen, Mari & Takalo, Tuomas, 2009. "Does State Street lead to Europe? The case of financial exchange innovations," Bank of Finland Research Discussion Papers 22/2009, Bank of Finland.
    5. Telg, Nina & Lokshin, Boris & Letterie, Wilko, 2023. "How formal and informal intellectual property protection matters for firms' decision to engage in coopetition: The role of environmental dynamism and competition intensity," Technovation, Elsevier, vol. 124(C).
    6. Farid Shirazi & Nick Hajli, 2021. "IT-Enabled Sustainable Innovation and the Global Digital Divides," Sustainability, MDPI, vol. 13(17), pages 1-24, August.
    7. Jürgen Mihm & Fabian J. Sting & Tan Wang, 2015. "On the Effectiveness of Patenting Strategies in Innovation Races," Management Science, INFORMS, vol. 61(11), pages 2662-2684, November.
    8. Leiponen, Aija & Byma, Justin, 2009. "If you cannot block, you better run: Small firms, cooperative innovation, and appropriation strategies," Research Policy, Elsevier, vol. 38(9), pages 1478-1488, November.
    9. Gabrovski, Miroslav, 2015. "The Patent System as a Tool for Eroding Market Power," MPRA Paper 81330, University Library of Munich, Germany, revised 10 Sep 2017.
    10. Zhang, Tianle, 2012. "Patenting in the shadow of independent discoveries by rivals," International Journal of Industrial Organization, Elsevier, vol. 30(1), pages 41-49.
    11. Malte Mosel, 2011. "Big patents, small secrets: how firms protect inventions when R&D outcome is heterogeneous," Working Papers 105, Bavarian Graduate Program in Economics (BGPE).
    12. Fabio M. Manenti & Luca Sandrini, 2023. "Patents with Simultaneous Innovations: The Patentability Requirements and the Direction of Innovation," Discussion Papers 2303, Budapest University of Technology and Economics, Quantitative Social and Management Sciences, revised Aug 2023.
    13. Bronwyn Hall & Christian Helmers & Mark Rogers & Vania Sena, 2014. "The Choice between Formal and Informal Intellectual Property: A Review," Journal of Economic Literature, American Economic Association, vol. 52(2), pages 375-423, June.
    14. Sabyasachi Mitra & Sam Ransbotham, 2015. "Information Disclosure and the Diffusion of Information Security Attacks," Information Systems Research, INFORMS, vol. 26(3), pages 565-584, September.
    15. Ding, Rong & Ko, Chiu Yu, 2021. "Does licensing improve welfare with rent dissipation?," Economic Modelling, Elsevier, vol. 105(C).
    16. Dyuti Banerjee & Ishita Chatterjee, 2009. "On the Impact of Piracy on Innovation in the Presence of Technological and Market Uncertainty," Monash Economics Working Papers 26-09, Monash University, Department of Economics.
    17. Ping Lin & Tianle Zhang & Wen Zhou, 2020. "Vertical integration and disruptive cross‐market R&D," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 29(1), pages 51-73, January.
    18. Krishna Dasaratha, 2019. "Innovation and Strategic Network Formation," Papers 1911.06872, arXiv.org, revised Mar 2022.
    19. Dirk Crass & Francisco Garcia Valero & Francesco Pitton & Christian Rammer, 2019. "Protecting Innovation Through Patents and Trade Secrets: Evidence for Firms with a Single Innovation," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 26(1), pages 117-156, January.
    20. Di Fan & Long Zhao, 2022. "Old Wine in New Bottles: Patenting Propensity," Journal of Industry, Competition and Trade, Springer, vol. 22(2), pages 207-224, June.
    21. Banerjee, Dyuti, 2013. "Effect of piracy on innovation in the presence of network externalities," Economic Modelling, Elsevier, vol. 33(C), pages 526-532.
    22. Malte Mosel, 2012. "The role of patents and secrecy for intellectual property protection: theory and evidence," Working Papers 117, Bavarian Graduate Program in Economics (BGPE).
    23. Cappelli, Riccardo & Corsino, Marco & Laursen, Keld & Torrisi, Salvatore, 2023. "Technological competition and patent strategy: Protecting innovation, preempting rivals and defending the freedom to operate," Research Policy, Elsevier, vol. 52(6).
    24. Francesco Chirico & Giuseppe Criaco & Massimo Baù & Lucia Naldi & Luis R. Gomez-Mejia & Josip Kotlar, 2020. "To patent or not to patent: That is the question. Intellectual property protection in family firms," Entrepreneurship Theory and Practice, , vol. 44(2), pages 339-367, March.
    25. Korkeamäki, Timo & Takalo, Tuomas, 2010. "Valuation of innovation: The case of iPhone," MPRA Paper 28042, University Library of Munich, Germany.
    26. Aineas Kostas Mallios, 2024. "Licensing and secrecy under imperfect intellectual property protection," Theory and Decision, Springer, vol. 97(3), pages 527-552, November.

  26. Ari Hyytinen & Iikka Kuosa & Tuomas Takalo, 2003. "Law or Finance: Evidence from Finland," European Journal of Law and Economics, Springer, vol. 16(1), pages 59-89, July.
    See citations under working paper version above.
  27. Ari Hyytinen & Tuomas Takalo, 2002. "Enhancing Bank Transparency: A Re-assessment," Review of Finance, European Finance Association, vol. 6(3), pages 429-445.
    See citations under working paper version above.
  28. Kultti, Klaus & Takalo, Tuomas, 2002. "Hold-Ups and Asymmetric Information in a Technology Transfer: The Micronas Case," The Journal of Technology Transfer, Springer, vol. 27(3), pages 233-243, June.

    Cited by:

    1. Klaus Kultti & Tuomas Takalo & Tanja Tanayama, 2015. "R&D spillovers and information exchange: a case study," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 5(1), pages 63-76, June.
    2. Lee Davis, 2006. "Licensing Strategies of the Enterprising - but Vulnerable - "Intellectual Property" Vendors," DRUID Working Papers 06-12, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    3. AGRELL, Per & KASPERZEC, Roman, 2010. "Dynamic joint investments in supply chains under information asymmetry," LIDAM Discussion Papers CORE 2010085, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    4. Kavusan, Korcan & Noorderhaven, Niels G. & Duysters, Geert M., 2016. "Knowledge acquisition and complementary specialization in alliances: The impact of technological overlap and alliance experience," Research Policy, Elsevier, vol. 45(10), pages 2153-2165.

  29. Tuomas Takalo, 2001. "On the optimal patent policy," Finnish Economic Papers, Finnish Economic Association, vol. 14(1), pages 33-40, Spring.

    Cited by:

    1. Yuan, Michael Y., 2005. "Does decrease in copying cost support copyright term extension?," Information Economics and Policy, Elsevier, vol. 17(4), pages 471-494, October.
    2. Hussinger, Katrin & Grimpe, Christoph, 2007. "Firm Acquisitions and Technology Strategy: Corporate versus Private Equity Investors," ZEW Discussion Papers 07-066, ZEW - Leibniz Centre for European Economic Research.
    3. Dietmar Harhoff, 2006. "Patente - Segen oder Fluch für Innovationen?," Schmalenbach Journal of Business Research, Springer, vol. 58(54), pages 86-109, January.
    4. Meller Leandro Matías, 2023. "Incentives in R&D markets: Analysing the relation between the elasticities of patent values and the optimality of patent policy," Asociación Argentina de Economía Política: Working Papers 4669, Asociación Argentina de Economía Política.
    5. Belleflamme,Paul & Peitz,Martin, 2015. "Industrial Organization," Cambridge Books, Cambridge University Press, number 9781107069978, November.
    6. Tatsuro Iwaisako & Koichi Futagami, 2013. "Patent protection, capital accumulation, and economic growth," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 52(2), pages 631-668, March.
    7. Bergin, James, 2018. "Patent policy, investment and social welfare," International Journal of Industrial Organization, Elsevier, vol. 61(C), pages 439-458.
    8. Khazabi, Massoud & Quyen, Nguyen, 2010. "The Search for New Drugs: A Theory of R&D in the Pharmaceutical Industry," MPRA Paper 39462, University Library of Munich, Germany.
    9. Frederik Schmidt, 2008. "Innovation contests with temporary and endogenous monopoly rents," Review of Economic Design, Springer;Society for Economic Design, vol. 12(3), pages 189-208, September.
    10. Julio R. Robledo, 2005. "Strategic patents and asymmetric litigation costs as entry deterrence instruments," Economics Bulletin, AccessEcon, vol. 15(2), pages 1-9.
    11. Michael Yuan, 2006. "A better copyright system? comparing welfare of indefinitely renewable copyright versus fixed-length copyright," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 15(6), pages 519-542.
    12. Grönqvist, Charlotta, 2009. "Empirical studies on the private value of Finnish patents," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number sm2009_041, July.

  30. Takalo, Tuomas & Kanniainen, Vesa, 2000. "Do patents slow down technological progress?: Real options in research, patenting, and market introduction," International Journal of Industrial Organization, Elsevier, vol. 18(7), pages 1105-1127, October.

    Cited by:

    1. Wang, Eric C., 2010. "Determinants of R&D investment: The Extreme-Bounds-Analysis approach applied to 26 OECD countries," Research Policy, Elsevier, vol. 39(1), pages 103-116, February.
    2. Véronique Bastin & Albert Corhay & Georges H√ºbner & Pierre-Armand Michel, 2003. "Development path and capital structure of Belgian biotechnology firms," Chapters, in: Paul Butzen & Catherine Fuss (ed.), Firms’ Investment and Finance Decisions, chapter 8, pages 167-193, Edward Elgar Publishing.
    3. Seok Jin Youn & Yong-Jae Lee & Ha-Eun Han & Chang-Woo Lee & Donggyun Sohn & Chulung Lee, 2024. "A Data Analytics and Machine Learning Approach to Develop a Technology Roadmap for Next-Generation Logistics Utilizing Underground Systems," Sustainability, MDPI, vol. 16(15), pages 1-32, August.
    4. Jou, Jyh-Bang, 2018. "R&D investment and patent renewal decisions," The Quarterly Review of Economics and Finance, Elsevier, vol. 69(C), pages 144-154.
    5. Walter Park & Ralph Sonenshine, 2012. "Impact of Horizontal Mergers on Research & Development and Patenting: Evidence from Merger Challenges in the U.S," Journal of Industry, Competition and Trade, Springer, vol. 12(1), pages 143-167, March.
    6. Marco, Alan, 2001. "The Option Value of Patent Litigation: Theory and Evidence," Vassar College Department of Economics Working Paper Series 52, Vassar College Department of Economics, revised Dec 2003.
    7. Qi Duan & Yupeng Shi & Jingwei Sun, 2017. "Intellectual Property Protection: Prevention in Advance or Punishment Afterward," Annals of Economics and Finance, Society for AEF, vol. 18(1), pages 129-171, May.
    8. David Moroz, 2005. "Production of Scientific Knowledge and Radical Uncertainty: The Limits of the Normative Approach in Innovation Economics," European Journal of Law and Economics, Springer, vol. 20(3), pages 305-322, November.
    9. Elif Bascavusoglu & Maria Pluvia Zuniga, 2005. "The effects of intellectual property protection on international knowledge contracting," Post-Print halshs-00193398, HAL.
    10. Jeon, Haejun, 2015. "Patent infringement, litigation, and settlement," Economic Modelling, Elsevier, vol. 51(C), pages 99-111.
    11. Heikkinen, I.T.S. & Savin, H. & Partanen, J. & Seppälä, J. & Pearce, J.M., 2020. "Towards national policy for open source hardware research: The case of Finland," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    12. Alan C. Marco, 2005. "The option value of patent litigation: Theory and evidence," Review of Financial Economics, John Wiley & Sons, vol. 14(3-4), pages 323-351.
    13. Jeon, Haejun & Nishihara, Michi, 2018. "Optimal patent policy in the presence of vertical separation," European Journal of Operational Research, Elsevier, vol. 270(2), pages 682-697.
    14. Ulrike Michel-Schneider, 2022. "Patenting - A Cost Management Perspective," Proceedings of Economics and Finance Conferences 12915571, International Institute of Social and Economic Sciences.
    15. Corinne Langinier, 2005. "Using patents to mislead rivals," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 38(2), pages 520-545, May.
    16. Wink, Ruediger, 2002. "The transregional dimension of territorial knowledge management. An evolutionary perspective on the role of universities," ERSA conference papers ersa02p496, European Regional Science Association.
    17. Emmanuel Dechenaux & Brent Goldfarb & Scott Shane & Marie Thursby, 2008. "Appropriability and Commercialization: Evidence from MIT Inventions," Management Science, INFORMS, vol. 54(5), pages 893-906, May.
    18. Dolfsma, Wilfred, 2005. "Towards a dynamic (Schumpeterian) welfare economics," Research Policy, Elsevier, vol. 34(1), pages 69-82, February.
    19. Chi Leung & Yue Kwok, 2011. "Real options game analysis of sleeping patents," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 34(1), pages 41-65, May.
    20. Palomeras, Neus, 2003. "Sleeping patents: any reason to wake up?," IESE Research Papers D/506, IESE Business School.
    21. Valkonen, Laura, 2006. "Deregulation as a Means to Increase Competition and Productivity," Discussion Papers 1014, The Research Institute of the Finnish Economy.
    22. Andrew Inkpen & Dana Minbaeva & Eric W K Tsang, 2019. "Unintentional, unavoidable, and beneficial knowledge leakage from the multinational enterprise," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(2), pages 250-260, March.
    23. Maria Pluvia ZUNIGA & Emmanuel COMBE, 2002. "Introducing Patent Protection In The Pharmaceutical Sector:," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 16, pages 191-221.
    24. Allred, Brent B. & Park, Walter G., 2007. "The influence of patent protection on firm innovation investment in manufacturing industries," Journal of International Management, Elsevier, vol. 13(2), pages 91-109, June.
    25. Flor, Christian Riis & Moritzen, Mark Raun, 2020. "Entering a new market: Market profitability and first-mover advantages," Journal of Corporate Finance, Elsevier, vol. 62(C).
    26. Creane, Anthony & Miyagiwa, Kaz, 2009. "Forgoing invention to deter entry," International Journal of Industrial Organization, Elsevier, vol. 27(5), pages 632-638, September.

  31. Tuomas Takalo & Klaus Kultti, 1999. "Incomplete Contracting in Research Joint Ventures: a Case Study," Homo Oeconomicus, Institute of SocioEconomics, vol. 15, pages 341-367.

    Cited by:

    1. Klaus Kultti & Tuomas Takalo & Tanja Tanayama, 2015. "R&D spillovers and information exchange: a case study," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 5(1), pages 63-76, June.

  32. Kultti, Klaus & Takalo, Tuomas, 1999. "Equilibrium in Auction and Bargaining Markets When Agents Can Wait and Search," Bulletin of Economic Research, Wiley Blackwell, vol. 51(3), pages 171-205, July.

    Cited by:

    1. Klaus Kultti & Antti Miettunen & Tuomas Takalo & Juha Virrankoski, 2009. "Who Searches?," The Japanese Economic Review, Japanese Economic Association, vol. 60(2), pages 152-171, June.
    2. Halko, Marja-Liisa & Kultti, Klaus & Niinimaki, Juha-Pekka, 2007. "Evolutionary stability of trading rules in an urn-ball matching model," Research in Economics, Elsevier, vol. 61(1), pages 11-15, March.

  33. Tuomas Takalo, 1998. "Innovation and imitation under imperfect patent protection," Journal of Economics, Springer, vol. 67(3), pages 229-241, October.

    Cited by:

    1. Ottoz, Elisabetta & Cugno, Franco, 2010. "Choosing the scope of trade secret law when secrets complement patents," MPRA Paper 20672, University Library of Munich, Germany.
    2. Chih‐Hai Yang, 2008. "Effects Of Strengthening Intellectual Property Rights In Newly Industrialized Economies: Evidence From Taiwan’S 1994 Patent Reform," Contemporary Economic Policy, Western Economic Association International, vol. 26(2), pages 259-275, April.
    3. Vincenzo Denicolò & Luigi Alberto Franzoni, 2004. "Patents, Secrets, and the First‐Inventor Defense," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 13(3), pages 517-538, September.
    4. Arundel, Anthony, 2001. "The relative effectiveness of patents and secrecy for appropriation," Research Policy, Elsevier, vol. 30(4), pages 611-624, April.
    5. Gamal Atallah, 2004. "The Protection of Innovations," CIRANO Working Papers 2004s-02, CIRANO.
    6. Slivko, Olga, 2012. "Innovation strategies of German firms: The effect of competition and intellectual property protection," ZEW Discussion Papers 12-089, ZEW - Leibniz Centre for European Economic Research.
    7. BELLELFLAMME, Paul & BLOCH , Francis & ,, 2013. "Dynamic protection of innovations through patents and trade secrets," LIDAM Discussion Papers CORE 2013059, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    8. Sukhdeep Singh, 2022. "R&D Spillovers and Product Market Competition," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 20(2), pages 379-399, June.
    9. Lars Wiethaus, 2006. "Cooperation or competition in R&D when innovation and absorption are costly," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 15(6), pages 569-589.
    10. Keishun Suzuki, 2015. "Economic growth under two forms of intellectual property rights protection: patents and trade secrets," Journal of Economics, Springer, vol. 115(1), pages 49-71, May.
    11. Tuomas Takalo, 2001. "On the optimal patent policy," Finnish Economic Papers, Finnish Economic Association, vol. 14(1), pages 33-40, Spring.
    12. Tobias Volpert & Marcel Riepe, 2021. "Patentdimensionen und die Entwicklung und Herstellung von Corona-Impfstoffen [Patent Dimensions in the Development and Production of COVID-19 Vaccines]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(5), pages 387-393, May.
    13. Aineas Kostas Mallios, 2024. "Licensing and secrecy under imperfect intellectual property protection," Theory and Decision, Springer, vol. 97(3), pages 527-552, November.

  34. Kultti, Klaus & Takalo, Tuomas, 1998. "R&D spillovers and information exchange," Economics Letters, Elsevier, vol. 61(1), pages 121-123, October.

    Cited by:

    1. Arijit Mukherjee, 2002. "R&D, Licensing and Patent Protection," Industrial Organization 0211011, University Library of Munich, Germany.
    2. Keilbach, Max & Bönte, Werner, 2004. "Concubinage or Marriage? Informal and Formal Cooperations for Innovation," ZEW Discussion Papers 04-11, ZEW - Leibniz Centre for European Economic Research.
    3. Joanna Poyago‐Theotoky & Khemarat Talerngsri Teerasuwannajak, 2020. "Endogenous research and development spillovers and asymmetric firms," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(7), pages 1282-1286, October.
    4. Joanna Poyago-Theotoky & Khemarat Talerngsri Teerasuwannajak, 2009. "R&D Productivity and Intellectual Property Rights Protection Regimes," Working Paper series 43_09, Rimini Centre for Economic Analysis.
    5. Chiara CONTI, 2013. "Asymmetric information in a duopoly with spillovers: new findings on the effects of RJVs," Departmental Working Papers 2013-04, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    6. Kamien, Morton I. & Zang, Israel, 2000. "Meet me halfway: research joint ventures and absorptive capacity," International Journal of Industrial Organization, Elsevier, vol. 18(7), pages 995-1012, October.
    7. Jing You & Katsushi S. Imai & Raghav Gaiha, 2015. "Declining Nutrient Intake in a Growing China: Does Household Heterogeneity Matter?," Discussion Paper Series DP2015-20, Research Institute for Economics & Business Administration, Kobe University.
    8. Li, Hui & Zhou, Wei & Elsadany, A. A & Chu, Tong, 2021. "Stability, multi-stability and instability in Cournot duopoly game with knowledge spillover effects and relative profit maximization," Chaos, Solitons & Fractals, Elsevier, vol. 146(C).
    9. Ishii, Akira, 2004. "Cooperative R&D between vertically related firms with spillovers," International Journal of Industrial Organization, Elsevier, vol. 22(8-9), pages 1213-1235, November.
    10. Noriaki Matsushima & Laixun Zhao, 2015. "Strategic dual sourcing as a driver for free revealing of innovation," ISER Discussion Paper 0936, Institute of Social and Economic Research, Osaka University.
    11. Kwiatkowski, Andrzej, 2010. "Non-cooperative incentives to share knowledge in competitive environments," SIRE Discussion Papers 2010-87, Scottish Institute for Research in Economics (SIRE).
    12. Ouchida, Yasunori & Goto, Daisaku, 2016. "Environmental research joint ventures and time-consistent emission tax: Endogenous choice of R&D formation," Economic Modelling, Elsevier, vol. 55(C), pages 179-188.
    13. Mário A. P. M. Silva, 2018. "Cooperative R&D and Commitment to A Policy of Know-how Trading," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 24(2), pages 123-133, May.
    14. AMIR, Rabah & NANNERUP, Niels & STEPANOVA, Anna & EGUIAZAROVA, Eline, 2002. "Monopoly versus R&D-integrated duopoly," LIDAM Reprints CORE 1575, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    15. Matthew R. Roelofs & Stein E. Østbye & Eirik E. Heen, 2017. "Asymmetric firms, technology sharing and R&D investment," Experimental Economics, Springer;Economic Science Association, vol. 20(3), pages 574-600, September.
    16. Stuart McDonald & Mohamad Alghamdi & Bernard Pailthorpe, 2011. "The Effect of Connectivity, Proximity and Market Structure on R&D Networks," Discussion Papers Series 454, School of Economics, University of Queensland, Australia.
    17. Amagoia Sagasta, 2019. "Cooperative R&D with durable goods," Journal of Economics, Springer, vol. 128(3), pages 239-258, December.
    18. Noriaki Matsushima & Laixun Zhao, 2018. "Technology spillovers and outside options in a bilateral duopoly," ISER Discussion Paper 1039, Institute of Social and Economic Research, Osaka University.
    19. Klaus Kultti & Tuomas Takalo & Tanja Tanayama, 2015. "R&D spillovers and information exchange: a case study," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 5(1), pages 63-76, June.
    20. Amir, Rabah, 2000. "Modelling imperfectly appropriable R&D via spillovers," International Journal of Industrial Organization, Elsevier, vol. 18(7), pages 1013-1032, October.
    21. Leiponen, Aija, 2005. "Skills and innovation," International Journal of Industrial Organization, Elsevier, vol. 23(5-6), pages 303-323, June.
    22. Bönte, Werner & Wiethaus, Lars, 2005. "Knowledge Transfer in Buyer-Supplier Relationships - When It (Not) Occurs," RWI Discussion Papers 34, RWI - Leibniz-Institut für Wirtschaftsforschung.
    23. Ishikawa, Nana & Shibata, Takashi, 2021. "R&D competition and cooperation with asymmetric spillovers in an oligopoly market," International Review of Economics & Finance, Elsevier, vol. 72(C), pages 624-642.
    24. Wiethaus, Lars, 2005. "Absorptive capacity and connectedness: Why competing firms also adopt identical R&D approaches," International Journal of Industrial Organization, Elsevier, vol. 23(5-6), pages 467-481, June.
    25. Yap, Yee Jiun & Luckraz, Shravan & Tey, Siew Kian, 2014. "Long-term research and development incentives in a dynamic Cournot duopoly," Economic Modelling, Elsevier, vol. 39(C), pages 8-18.
    26. Mário Alexandre Patrício Martins da Silva, 2018. "Cooperative R&D And Commitment To A Policy Of Know-How Trading," FEP Working Papers 601, Universidade do Porto, Faculdade de Economia do Porto.
    27. Kaiser, Ulrich, 2002. "An empirical test of models explaining research expenditures and research cooperation: evidence for the German service sector," International Journal of Industrial Organization, Elsevier, vol. 20(6), pages 747-774, June.

Chapters

  1. Robert M. Hunt & Samuli Simojoki & Tuomus Takalo, 2009. "Intellectual Property Rights and Standard Setting in Financial Services: The Case of the Single European Payments Area," Chapters, in: Luisa Anderloni & David T. Llewellyn & Reinhard H. Schmidt (ed.), Financial Innovation in Retail and Corporate Banking, chapter 7, Edward Elgar Publishing.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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