-Ownership, Agency problems, Technological change

Monica Paiella

Pierluigi Murro

Raoul Minetti

English

Research Papers in Economics

A survey of corporate governance.

A survey of weak instruments and weak identiﬁcation in generalized method of moments.

Additional evidence on equity ownership and corporate value.

Adoption of new technology.

Agency problems in large family business groups.

Appointments of outsiders to Japanese boards: Determinants and implications for managers.

Blocks, liquidity, and corporate Control.

Borrowing relationships, intermediation, and the cost of issuing public securities.

Capital market imperfections, high-tech investment, and new equity ﬁnancing.

Capital markets and the evolution of family businesses.

Citation frequency and the value of patented inventions.

Conﬁndustria (Italian Confederation of Industry),

Corporate governance and equity prices: Evidence from the Czech and Slovak republics.

Corporate governance and innovation: Theory and evidence. Chicago mimeo.

Corporate governance proposals and shareholder activism: The role of institutional investors.

Corporate ownership around the world.

Courts and banks: Eﬀect of judicial costs on credit market performance.

Disentangling the incentive and entrenchment eﬀects of large shareholdings.

Does local ﬁnancial development matter?

Does the governed corporation perform better? Governance structures and corporate performance in Germany.

Dynastic management.

Econometric analysis of cross section and panel data.

Eﬃcient estimation of limited dependent variable models with endogenous explanatory variables.

Empirical studies of innovative activity. In:

Entrepreneurial shareholder activism: Hedge funds and other private investors.

Finance and technological

Finance as a barrier to entry: Bank competition and industry structure in local U.S. markets.

Financial dependence and growth.

Financial systems, industrial structure, and growth.

Firm size and the nature of innovation within industries: The case of process and product R&D.

Formal and real authority in organizations.

Further evidence on the bank lending process and the capital market response to bank loan agreements.

History of corporate ownership in Italy. ECGI - Finance Working Paper,

How does privatization work? Evidence from the Russian shops.

Incentives and creativity: Evidence from the academic life sciences.

Information disclosure costs and the choice of ﬁnancing source.

Informed ﬁnance and technological change: Evidence from credit relationships.

Informed ﬁnance and technological conservatism. Review of Finance, forthcoming.

Inherited wealth, corporate control, and economic growth: The Canadian disease. In: Morck,

Innovation and institutional ownership.

Insiders and outsiders: The choice between informed and arm’s length debt.

Institutions, economic structure and performance: Is Italy doomed? ISAE Annual Report on Monitoring Italy,

Instrumental variables regression with weak instruments.

L’Evoluzione della corporate governance in Italia: Meno piramidi più coalizioni? Il

L’Industria italiana. Il

Large shareholders and banks: Who monitors and how? Hebrew University mimeo.

Large shareholders and corporate control.

Linear probability, logit, and probit models.

Management ownership and market valuation: An empirical analysis.

Managerial control of voting rights: Financing policies and the market for corporate control.

Market liquidity and performance monitoring.

Measuring innovation: A new perspective.

Mostly harmless econometrics: An empiricist’s companion.

Motivating innovation. Unpublished working paper.

OECD science, technology and industry scoreboard

One-share, one-vote, and the market for corporate control.

Ownership structure, corporate governance, and corporate performance: The case of Chinese stock companies.

Probit models with binary endogenous regressors.

Proprietary information, ﬁnancial intermediation, and research incentives.

Radical innovation in ﬁrms across nations.

Sectoral patterns of technical change: Towards a taxonomy and a theory.

Stock markets, growth, and tax policy.

Stock pyramids, cross-ownership, and dual class equity: The creation and agency costs of separating control from cash ﬂow rights. In:

Takeover threats and managerial myopia.

Tax policy and entrepreneurial entry.

Testing for weak instruments in linear IV regressions. Unpublished working paper.

Testing parameter signiﬁcance in instrumental variables probit estimators: Some simulation results.

The beneﬁts of ﬁrm-creditor relationships: Evidence from small business data.

The Capital structure puzzle.

The cost of banking regulation. Unpublished Working Paper, Chicago Graduate School of Business.

The determinants of executive compensation in family controlled public corporations.

The economics of small business ﬁnance: The roles of private equity and debt markets in the ﬁnancial growth cycle.

The eﬀect of credit market competition on lending relationships.

The ﬁnancing of innovation.

The impact of long-run performance plans and institutional ownership for ﬁrms research and development expenditures.

The inﬂuence of institutional investors on myopic R&D investment behavior.

The paradox of liquidity.

The rise in ﬁrm-level volatility: Causes and consequences.

Theory of the ﬁrm: Managerial behavior, agency costs, and capital structure.

Understanding the determinants of managerial ownership and the link between ownership and performance.

Verso una nuova politica per l’innovazione tecnologica. In: Più Tecnologia, Più Concorrenza. Ottavo Rapporto CER-IRS sull’Industria e la Politica Industriale Italiana. Il

Ownership structure, governance, and innovation: Evidence from Italy

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Research Papers in Economics