WorldCat Identities

Väänänen, Lotta

Overview
Works: 21 works in 27 publications in 1 language and 42 library holdings
Genres: Patents 
Roles: Author
Publication Timeline
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Most widely held works by Lotta Väänänen
Returns to inventors by Otto Toivanen( Book )

4 editions published in 2010 in English and held by 13 WorldCat member libraries worldwide

A key input to inventive activity is human capital. Hence it is important to understand the monetary incentives of inventors. We estimate the effect of patented inventions on individual earnings by linking data on U.S. patents and their inventors to Finnish employer-employee data. Returns are heterogeneous: Inventors get a temporary reward of 3% of annual earnings for a patent grant and for highly-cited patents a longer-lasting premium of 30% in earnings three years later. Similar medium-term premia accrue to inventors who initially hold the patent rights, although they forego earnings at the time of the grant
Education and invention by Otto Toivanen( Book )

4 editions published in 2011 in English and held by 10 WorldCat member libraries worldwide

Human capital and incentives in the creation of inventions : a study of Finnish inventors by Lotta Väänänen( Book )

1 edition published in 2010 in English and held by 2 WorldCat member libraries worldwide

Does public funding have a halo effect? : Evidence from Finnish SMEs( )

1 edition published in 2003 in English and held by 1 WorldCat member library worldwide

Government funding of small and medium-sized enterprises in Finland by Ari Hyytinen( Book )

1 edition published in 2002 in English and held by 1 WorldCat member library worldwide

Tiivistelmä
Agency costs and R&D: Evidence from Finnish SMEs by Lotta Väänänen( )

1 edition published in 2003 in English and held by 1 WorldCat member library worldwide

Tutkimuksen tavoitteena on empiirisesti analysoida yrityksen omistusrakenteen vaikutuksia sen investointeihin tutkimus- ja kehitystoimintaan (T&K). Aluksi tarkastelemme kysymystä päämies-agentti mallin pohjalta ja käymme läpi empiiristä kirjallisuutta aiheen ympäriltä. Tiedostamme, että kysymyksen ekonometriseen analyysin liittyy ongelmia kuten omistusrakenteen endogeenisuus. Empiirinen analyysi perustuu noin 600:n suomalaisen pkyrityksen kyselyaineistoon. Tobit-estimointien tulokset viittaavat siihen, että 1) yrittäjän omistusosuudella on U:n muotoinen yhteys yrityksen T&K intensiteettiin (alapiste 51%), 2) muiden työntekijöiden omistusosuudella on käänteisen U:n muotoinen yhteys yrityksen T&K intensiteettiin (yläpiste 47%), ja 3) riskisijoittajan omistuksella on positiivinen yhteys T&K intensiteettiin. Nämä estimoinnit eivät tosin anna näyttöä kausaalisuudesta, koska omistusrakenne määräytyy endogeenisesti. Omistusrakenteen instrumentointi ei kuitenkaan tuota merkitseviä tuloksia, koska instrumentit ovat heikkoja
Government funding of small and medium-sized enterprises in Finland( )

1 edition published in 2002 in English and held by 1 WorldCat member library worldwide

Public provision of business support services in Finland by Lotta Väänänen( )

1 edition published in 2003 in English and held by 1 WorldCat member library worldwide

The Finnish government, in addition to providing finance to SMEs, has established a number of support mechanisms that provide assistance to SMEs via free or subsidized business support services. In this paper, we review the public organisations providing business services, and the instruments used. Using recent survey data on SMEs, we explore what kinds of SMEs use public services, and examine whether firm characteristics differentiate between users of public and private sector services. The appendix to this study presents the survey and the responses to it. We find that there is currently quite extensive service provision by the public sector, which may have both positive and negative implications. For one, it is encouraging to find that Finnish SMEs are supported throughout their growth cycle, and that the public sector organisations have taken an active role in further developing their cooperation to better serve the customers’ needs. It is also positive to find that innovative firms are more likely to use public services, and thus there are likely to be some social returns from them due to positive externalities. However, there is also a concern of whether the extensive public sector activity has the effect of crowding out otherwise profitable private business, thus hampering the development of markets for SME consultants and service providers. For this reason, the public sector should put effort into examining where market failures exist and focus its activities where the private sector is not present but which can have positive social returns. Areas where the public sector would seem to have a clear role in service provision are, for example, in collecting and disseminating information, and in coordinating programs that involve networking
Public provision of business support services in Finland( )

1 edition published in 2003 in English and held by 1 WorldCat member library worldwide

Public provision of business support services in Finland by Lotta Väänänen( Book )

1 edition published in 2003 in English and held by 1 WorldCat member library worldwide

Tiivistelmä: Julkisen sektorin liiketoiminnan tukipalvelujen tarjonta Suomessa
Does public funding have a halo effect? Evidence from Finnish SMEs by Lotta Väänänen( )

1 edition published in 2003 in English and held by 1 WorldCat member library worldwide

One commonly mentioned rationale for public funding is its positive signaling effect, often called the “halo-effect”, to the private sector financial institutions about the quality of the firm. This is based on the market failure argument based on the existence of asymmetric information between the financier and the firm, and lack of transparency, particularly in smaller firms. This paper empirically explores the effects of public funding on firms’ willingness and ability to gain access to private sector financing. Overall, the results indicate that market failures based on asymmetric information exist, and that firms do take active steps in trying to make their firms more transparent and signal their quality to the financiers (e.g. by using internationally recognized auditors). This does seem have a positive effect on the firms’ ability to raise external market finance. What kind of role public funding plays in reducing this asymmetry remains unclear. The crucial question that remains in interpreting the results in this paper is the order of moves: is it the public sector funding that induces further private sector financing, or is it the other way around?
Could Mr. and Mrs. Capital Market Imperfection please step forward? : an empirical analysis of adverse selection and moral hazard in capital markets by Ari Hyytinen( Book )

1 edition published in 2004 in English and held by 1 WorldCat member library worldwide

Tiivistelmä
Mandatory auditor choice and small firm finance : evidence from Finland by Ari Hyytinen( Book )

1 edition published in 2004 in English and held by 1 WorldCat member library worldwide

Tiivistelmä
Returns to inventors( )

1 edition published in 2008 in English and held by 1 WorldCat member library worldwide

Agency costs and R&D : evidence from Finnish SMEs( )

1 edition published in 2003 in English and held by 1 WorldCat member library worldwide

Mandatory auditor choice and small firm finance : evidence from Finland( )

1 edition published in 2004 in English and held by 1 WorldCat member library worldwide

Does public funding have a halo effect? : evidence from Finnish SMEs by Lotta Väänänen( Book )

1 edition published in 2003 in English and held by 1 WorldCat member library worldwide

Tiivistelmä: Onko julkisen rahoituksen saannilla "halo-efekti"?
Agency costs and R & D : evidence from Finnish SMEs by Lotta Väänänen( Book )

1 edition published in 2003 in English and held by 1 WorldCat member library worldwide

Tiivistelmä
Mandatory auditor choice and small firm finance : evidence from Finland( )

1 edition published in 2004 in English and held by 0 WorldCat member libraries worldwide

 
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Languages
English (26)