Financial innovation has been both praised as the engine of growth of society and
castigated for being the source of the weakness of the economy. In this article, we review the …

Productivity is the main factor holding back long-term economic growth in Italy. Since the
second half of the 1990s, productivity growth has been feeble both by historical standards …

The past two decades have seen a rapid increase in Private Equity (PE) investment in
healthcare, a sector in which intensive government subsidy and market frictions could lead …

This study aims at examining the impact of the interrelation between the adoption of Industry
4.0 technologies and the implementation of lean production (LP) practices on the …

Understanding how differences in management 'best practices' affect organizational
outcomes has been a focus of both theoretical and empirical work in the fields of …

Executive Overview For the past decade we have been using double-blind survey
techniques and randomized sampling to construct management data on more than 10,000 …

Economists have long puzzled over the astounding differences in productivity between firms
and countries. In this paper, we present evidence on a possible explanation for persistent …

We study how private equity buyouts create value in higher education, a sector with opaque
product quality and intense government subsidy. With novel data on 88 private equity deals …

Financing Africa takes stock of Africa's financial systems in light of recent changes in the
global financial system--including the greater risk aversion of international investors, a shift …

How do private equity firms affect their portfolio companies? We document operational
changes in restaurant chain buyouts using comprehensive health inspection records. Store …