TRANSITION REPORT 2014 Innovation in Transition


D. Acemoğlu, P. Aghion and F. Zilibotti (2006)
“Distance to Frontier, Selection, and Economic Growth”, Journal of the European Economic Association, Vol. 4, pp. 37-74.
V. Acharya, O.F. Gottschalg, M. Hahn and C. Kehoe (2013)
“Corporate Governance and Value Creation: Evidence from Private Equity”, Review of Financial Studies, Vol. 26, No. 2, pp. 368-402.
P. Aghion and P. Howitt (1992)
“A model of growth through creative destruction”, Econometrica, Vol. 60, pp. 323-351.
M.D. Amore, C. Schneider and A. Žaldokas (2013)
“Credit Supply and Corporate Innovation”, Journal of Financial Economics, forthcoming.
T.H.L. Beck, H. Degryse, R. De Haas and N. Van Horen (2014)
“When arms’ length is too far: relationship banking over the business cycle”, EBRD Working Paper No. 169.
L. Benfratello, F. Schiantarelli and A. Sembenelli (2008)
“Banks and Innovation: Microeconometric Evidence on Italian Firms”, Journal of Financial Economics, Vol. 90, No. 2, pp. 197-217.
S. Bernstein, X. Giroud and R. Townsend (2014)
“The Impact of Venture Capital Monitoring: Evidence from a Natural Experiment”, mimeo.
C. Bircan and R. De Haas (2014)
“Banks and Technology Adoption: Firm-Level Evidence from Russia”, EBRD working paper, forthcoming.
P. Bolton, X. Freixas, L. Gambacorta and P.E. Mistrulli (2013)
“Relationship and Transaction Lending in a Crisis”, Bank of Italy Working Paper No. 917.
E. Bonaccorsi di Patti and G. Dell’Ariccia (2004)
“Bank Competition and Firm Creation”, Journal of Money, Credit and Banking, Vol. 36, No. 2, pp. 225-251.
N. Cetorelli and M. Gambera (2001),
“Banking Market Structure, Financial Dependence and Growth: International Evidence from Industry Data”, The Journal of Finance, Vol. 56, No. 2, pp. 617-648.
S. Chava, A. Oettl, A. Subramanian and K.V. Subramanian (2013)
“Banking Deregulation and Innovation”, Journal of Financial Economics, Vol. 109, No. 3, pp. 759-774.
G. Chodorow-Reich (2014)
“The Employment Effects of Credit Market Disruptions: Firm-Level Evidence from the 2008-09 Financial Crisis”, Quarterly Journal of Economics, Vol. 129, No. 1, pp. 1-59.
D. Comin and B. Hobijn (2010)
“An Exploration of Technology Diffusion”, American Economic Review, Vol. 100, No. 5, pp. 2031-59.
F. Cornelli, Z. Kominek and A. Ljungqvist (2013)
“Monitoring Managers: Does It Matter?”, The Journal of Finance, Vol. 68, No. 2, pp. 431-481.
J. Eaton and S. Kortum (1999)
“International Patenting and Technology Diffusion: Theory and Measurement”, International Economic Review, Vol. 40, pp. 537-570.
Y. Gorodnichenko and M. Schnitzer (2013)
“Financial Constraints and Innovation: Why Poor Countries Don’t Catch Up”, Journal of the European Economic Association, Vol. 11, pp. 1115-1152.
L. Guiso, P. Sapienza and L. Zingales (2004)
“Does Local Financial Development Matter?”, Quarterly Journal of Economics, Vol. 119, pp. 929-969.
S. Guriev and D. Kvasov (2009)
“Imperfect Competition in Financial Markets and Capital Structure”, Journal of Economic Behavior & Organization, Vol. 72, pp. 131-146.
A.M. Herrera and R. Minetti (2007)
“Informed Finance and Technological Change: Evidence from Credit Relationships”, Journal of Financial Economics, Vol. 83, pp. 223-269.
W. Keller (2004)
“International Technology Diffusion”, Journal of Economic Literature, Vol. 42, pp. 752-782.
L. Laeven, R. Levine and S. Michalopolous (2013)
“Financial Innovation and Endogenous Growth”, mimeo.
J. Lerner, M. Sorensen and P. Strömberg (2011)
“Private Equity and Long-Run Investment: The Case of Innovation”, The Journal of Finance, Vol. 66, No. 2,  pp. 445-477.
A. Popov and P. Roosenboom (2009)
“Does Private Equity Investment Spur Innovation? Evidence from Europe”, ECB Working Paper No. 1063.
C. Schneider and R. Veugelers (2010)
“On Young Highly Innovative Companies: Why They Matter and How (Not) to Policy Support Them”, Industrial and Corporate Change, Vol. 19, No. 4, pp. 969-1007.