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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title The Big Innovation Bang
Organization Unit
  • Diego Ostinelli
  • English
Institution University of Zurich
Series Name -
Number -
Date 2014
Abstract Text Does stock market development promote innovation? This paper investigates the role of stock market development on innovation. With a quasi-natural experiment I exploit the Big Bang, a large and exogenous shock to stock market regulation that occurred in the United Kingdom in 1986 and show that improved stock market conditions foster innovation in firms belonging to more external finance dependent industries.
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