Showing articles with tag: technology
Technological Disruptive Potential and the Evolution of IPOs and Sell-Outs
Since the late 1990s, the number of private firms exiting via initial public offerings (IPOs) in U.S. markets has sharply declined. At the same time, the number of exits via acquisitions (i.e., sell-outs) has soared. Successful firms are nowadays more likely to sell-out to other (public or private) companies than…
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Does Economic Insecurity Affect Employee Innovation?
How does employee productivity respond to large shocks to household wealth? Over the past several decades, the annual proportion of households in the U.S. experiencing a severe economic loss has been steadily increasing, peaking with the recent financial crisis. The impact of household wealth shocks on consumption, savings, and retirement…
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