| 41. |
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Financial systems, markets and institutional changes
- 2014. - 1
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Samlingsverk (redaktörskap) (refereegranskat)abstract
- Financial Systems, Markets and Institutional Changes analyses and exemplifies how the financial system endogenously adjusts to institutional changes such as new technology, political tendencies, cultural differences, new business models, and government interactions. It puts particular emphasis on how different institutional settings affect firms' borrowing and how the financial crisis affected the relationship between borrowing firms and lending banks. It further increases our understanding of how efficient financial markets are formed, by addressing issues related to the globalization of the financial market, questioning whether the EMU, with its regional imbalances, is an optimal currency union, and putting new requirements on an international lender of last resort. Recent technology development, with high frequency trading, and the increased existence of Islamic banking are two further examples of institutional changes that form new actors and new markets.
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| 42. |
- Ghalwash, Tarek, et al.
(författare)
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Increased energy efficiency and the rebound effect : Effects on consumption and emissions
- 2007
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Ingår i: Energy Economics. - London : IPC science and technology P.. - 0140-9883 .- 1873-6181. ; 29:1, s. 1-17
-
Tidskriftsartikel (refereegranskat)abstract
- The main objective of this paper is to examine how exogenous technological progress, in terms of an increase in energy efficiency, affects consumption choice by Swedish households and thereby emissions of carbon dioxide (CO2), sulphur dioxide (SO2) and nitrogen oxide (NOx). The aim of the paper is closely related to the discussion of what is termed the “rebound effect”. To neutralise the rebound effect, we estimate the necessary change in CO2 tax, i.e. the CO2 tax that keeps CO2emissions at their initial level. In addition, we estimate how this will affect emissions of sulphur dioxide and nitrogen oxides. The results indicate that an increase in energy efficiency of 20% will increase emissions of CO2 by approximately 5%. To reduce the CO2 emissions to their initial level, the CO2 tax must be raised by 130%. This tax increase will reduce the emissions of sulphur dioxide to below their initial level, but will leave the emissions of nitrogen oxides at a higher level than initially. Thus, if marginal damages from sulphur dioxide and nitrogen dioxide are non-constant, additional policy instruments are needed.
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| 43. |
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Governance, regulation and bank stability
- 2014. - 1
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Samlingsverk (redaktörskap) (refereegranskat)abstract
- In order to accomplish a sounder banking industry, banks are challenged to adopt and pursue good governance practices. This challenge relates to decisions and activities conducted by top management and other inside stakeholders, but also increasingly to the collective pressures from, and evaluation measures adopted by, outside stakeholders. This book comprises a selection of high-quality research papers and provides insight into central issues such as deleveraging and other regulatory measures for strengthening bank stability. It includes empirical studies on the relationship between the board structures of banks and their financial risk-taking under extreme market conditions as well as on the financial crisis' impact on banks' lending capacity and the overall financial intermediation model. The book also includes in-depth analyses of the determinants of bank reputation and the future prospects of small banks
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| 44. |
- Granlund, David, et al.
(författare)
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Parallel Imports and Mandatory Substitution Reform : a kick or a muff for price competition in pharmaceuticals?
- 2015
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Ingår i: European Journal of Health Economics. - : Springer Science and Business Media LLC. - 1618-7598 .- 1618-7601. ; 16:9, s. 969-983
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Tidskriftsartikel (refereegranskat)abstract
- What has been the effect of competition from parallel imports on prices of locally-sourced on-patent drugs? Did the 2002 Swedish mandatory substitution reform increase this competition? To answer these questions, we carried out difference-in-differences estimation on monthly data for a panel of all on-patent prescription drugs sold in Sweden during the 40 months from January 2001 through April 2004. On average, facing competition from parallel imports caused a 15-17% fall in price. While the reform increased the effect of competition from parallel imports, it was only by 0.9%. The reform, however, did increase the effect of therapeutic competition by 1.6%.
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| 45. |
- Granlund, David, 1979-, et al.
(författare)
-
The prescribing physician's influence on consumer choice between medically equivalent pharmaceuticals
- 2012
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Ingår i: Review of Industrial Organization. - Dordrecht : Springer. - 0889-938X .- 1573-7160. ; 41:3, s. 207-222
-
Tidskriftsartikel (refereegranskat)abstract
- This paper reports on a study of the prescribing physician's influence on consumers' choice between medically equivalent pharmaceuticals. The study was performed using a dataset of 666,000 observations in which consumers were asked whether they were prepared to pay the price difference in order to obtain the prescribed pharmaceutical instead of the cheapest available substitute. The main results support the hypothesis that prescribing physicians have an impact on consumers' choice between medically equivalent pharmaceutical products.
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| 46. |
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| 47. |
- Jensen, Febi, et al.
(författare)
-
New ventures in Cleantech : Opportunities, capabilities and innovation outcomes
- 2020
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Ingår i: Business Strategy and the Environment. - : John Wiley & Sons. - 0964-4733 .- 1099-0836. ; 9:3, s. 902-917
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Tidskriftsartikel (refereegranskat)abstract
- Facing the challenge of climate change, innovations that imply environmental benefits create business opportunities for entrepreneurs. This paper analyzes innovation capabilities of startups in Cleantech and how the innovation outcomes of those startups develop over time. Based on the Mannheim Foundation Panel and applying propensity score matching, a cohort of 567 Cleantech startups is analyzed and compared with a control cohort of non‐Cleantech startups. We find that startups in Cleantech have, on average, higher technological capabilities compared with all other startups. Our econometric evidence shows that Cleantech startups are more likely to combine existing technology in a novel way. Finally, we find that Cleantech startups develop more market novelties in subsequent years when compared with their control group peers.
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| 48. |
- Johansson, Börje, et al.
(författare)
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Affinities and frictions of trade networks
- 1994
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Ingår i: The annals of regional science. - 0570-1864 .- 1432-0592. ; 28:3, s. 243-261
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Tidskriftsartikel (refereegranskat)abstract
- This paper formulates a theoretical framework in which the analysis starts with supplier-customer links of micro type. From this we derive aggregate trade links between nodes in a spatial network. It is shown how affinities and barriers shape and influence the establishment of customer links, and how this forms aggregate patterns of flows. The framework is applied to three types of models for determining trade patterns — random discrete choice, information theory and gravity models. Essentially equivalent solutions are derived.
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| 49. |
- Johansson, Dan, 1964-, et al.
(författare)
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Family business : A missing link in economics?
- 2020
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Ingår i: The Journal of Family Business Strategy. - : Elsevier. - 1877-8585 .- 1877-8593. ; 11:1
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Tidskriftsartikel (refereegranskat)abstract
- Family firms account for a substantial share of economic activity and deviate from standard economic assumptions on firmbehavior. However, little is known about how these firms are represented in economic theory. This article examines the inclusion of family business in the curricula of economics doctoral programs in the United States and Sweden as well as professors’ and textbook authors’ views and research on family business. Textbooks, articles and course offerings used in doctoral programs are considered to indicate the state of established knowledge in the field. The findings show that family business is not included in the examined curricula. Furthermore, professors and authors do not publish research on family business and generally do not see a need to incorporate it into economic theory. This article concludes that family business is excluded from ‘core’ economic theory due to a lack of paradigmatic pluralism, axiomatic incompatibility, path dependency, institutional bias and data constraints. Lastly, it is speculated that integration of family business theory into standard economic modeling is likely to occur outside prestigious universities due to path dependency in research.
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| 50. |
- Karlsson, Charlie, 1945-, et al.
(författare)
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Entrepreneurship and innovation networks
- 2014
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Ingår i: Small Business Economics. - : Springer Science and Business Media LLC. - 0921-898X .- 1573-0913. ; 43:2, s. 393-398
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Tidskriftsartikel (refereegranskat)abstract
- In this paper, we give a general introduction to the notion of entrepreneurship and how it has many complex meanings. Entrepreneurs in new firms but also in incumbent firms have a key role in local, regional and national economic development by taking risks to get things done by developing new combinations of ideas and/or doing things differently. In view of this, two of the main questions that are dealt with are: (1) which features make structural differences in institutions and innovation networks remain invariant between decades, and (2) how knowledge about such features can be employed in policy at the national and the regional level. The research questions highlighted in this special issue relate to many pertinent national and regional policy issues. The most apparent concerns conditions conducive for entrepreneurship in the form of new firms and firm growth. In this paper, we also introduce the different contributors to this special issue.
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