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Enforceability of non-complete agreements : When does state stifle productivity?
(16.08.2017)
Bank of Finland Research Discussion Papers 24/2017
Bank of Finland Research Discussion Papers 24/2017
Non-compete agreements (also known as Covenants Not to Compete or CNCs) are frequently used by many businesses in an attempt to maintain their competitive advantage by safeguarding their human capital and the associated ...
The life and death of zombies – evidence from government subsidies to firms
(14.05.2020)
Bank of Finland Research Discussion Papers 8/2020
Bank of Finland Research Discussion Papers 8/2020
We analyze the demographics of zombie firms and durations of zombie spells as well as their determinants, including an application on public subsidies using firm level population panel data from Finland. Firm-level analysis ...
Corporate social responsibility and firm financial performance: the mediating role of productivity
(20.04.2016)
Bank of Finland Research Discussion Papers 7/2016
Bank of Finland Research Discussion Papers 7/2016
This study treats firm productivity as an accumulation of productive intangibles and posits that stakeholder engagement associated with better corporate social performance helps develop such intangibles. We hypothesize ...
Innovation, reallocation and growth
(25.09.2013)
Bank of Finland Research Discussion Papers 22/2013
Bank of Finland Research Discussion Papers 22/2013
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovative ...
Uncertainty shocks and firm dynamics : Search and monitoring in the credit market
(23.11.2017)
Bank of Finland Research Discussion Papers 34/2017
Bank of Finland Research Discussion Papers 34/2017
We develop a business cycle model with gross flows of firm creation and destruction.The credit market is characterized by two frictions. First,entrepreneurs undergo a costly search for intermediate funding to create a firm. ...