Innovation is a determining element of the competitive advantage of companies, as well as an essential ingredient of economic growth. The recent financial crisis and the stagnation of production and job creation in developed countries have led to an intense debate that has highlighted the need to promote growth models based on an increase in innovation. <\/p>\n
The authorities of the European Union, the United States, and China, among other groups of states, have redoubled their financial efforts in the implementation of measures to promote R In parallel, the increase in resources allocated to the financing of innovation has reopened the question of the determinants of innovation, as well as debates on the formulas for channeling resources towards innovative activities efficiently. <\/p>\n
Research on the factors and effects of innovation in companies has occupied a central role in the fields of business organization, industrial economics, and economic growth in the last two decades. A good part of the research in this field has shown the importance of the development of the financial system in investment in innovation. However, there are very few studies that examine the impact of the regulation of capital markets and the banking system on the incentives of companies to implement innovative projects. Likewise, the literature dedicated to analyzing the impact of competition in the market of goods on business innovation is still very incipient. <\/p>\n
The objective of this project is to study the impact of certain regulatory measures of the capital, banking, and goods markets on the investment decisions in innovation of companies. With this objective, we structure the project around three large blocks of research: 1) Stock market and business innovation<\/em>. In this part, we will analyze the role of financial analysts in innovation decisions in large companies. In particular, we will use a regulatory change that occurred in the United States in 2000 (Regulation Fair Disclosure)<\/em>, as well as changes in the financial analyst companies themselves, to establish the effect of the supervisory activity of the analysts on the managers of the companies in the adoption of different innovation policies, motivated by the differential impact of different alternatives on the value of the shares of the companies in the short term. 2) Credit risk assessment and financing of innovation<\/em>. In this section, we will analyze the impact of the proliferation of automated credit risk assessment systems on innovation financing opportunities. In particular, we will analyze the possible effects of the substitution of evaluation systems based on intangible information Innovation is a determining element of the competitive advantage of companies, as well as an essential ingredient of economic growth. The recent financial crisis and the stagnation of production and job creation in developed countries have led to an intense debate that has highlighted the need to promote growth models based on an increase in […]<\/p>\n","protected":false},"author":1,"featured_media":8417,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[49],"tags":[],"class_list":["post-9490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/business.uc3m.es\/en\/wp-json\/wp\/v2\/posts\/9490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/business.uc3m.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/business.uc3m.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/business.uc3m.es\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/business.uc3m.es\/en\/wp-json\/wp\/v2\/comments?post=9490"}],"version-history":[{"count":0,"href":"https:\/\/business.uc3m.es\/en\/wp-json\/wp\/v2\/posts\/9490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/business.uc3m.es\/en\/wp-json\/wp\/v2\/media\/8417"}],"wp:attachment":[{"href":"https:\/\/business.uc3m.es\/en\/wp-json\/wp\/v2\/media?parent=9490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/business.uc3m.es\/en\/wp-json\/wp\/v2\/categories?post=9490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/business.uc3m.es\/en\/wp-json\/wp\/v2\/tags?post=9490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}