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Working Paper

Corporate governance practices and companies’ R&D orientation: evidence from European countries.

This working paper empirically investigates if corporate governance practices affect the resources firms devote to R&D. The authors Florence Honoré, Federico Munari and Bruno van Pottelsberghe found that an executive remuneration system that is linked to the firm’s financial performance has a particularly strong negative impact on R&D. This confirms the hypothesis that incentive mechanisms […]

By: Date: January 24, 2011 Topic: Innovation & Competition Policy

This working paper empirically investigates if corporate governance practices affect the resources firms devote to R&D. The authors Florence Honoré, Federico Munari and Bruno van Pottelsberghe found that an executive remuneration system that is linked to the firm’s financial performance has a particularly strong negative impact on R&D. This confirms the hypothesis that incentive mechanisms lead managers to focus on more predictable and easily measurable short-term activities,ultimately hampering the commitment to innovative projects.

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Blog Post

Jobs and robots: Europe’s Debate Over the Destiny of the Welfare State

This blog is part of a series following the 2019 Bruegel annual meetings, which brought together nearly 1,000 participants for two days of policy debate and discussion.

By: J. Scott Marcus and Giuseppe Porcaro Topic: Innovation & Competition Policy Date: September 20, 2019
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Blog Post

In an era of digitalisation, the Single Market needs a software update

This blog post is part of a series following the 2019 Bruegel annual meetings, which brought together nearly 1,000 participants for two days of policy debate and discussion. For more from the sessions, check out our special-edition podcasts and live audio and video recordings of the event’s public panels.

By: Reinhilde Veugelers and Nicholas Barrett Topic: Innovation & Competition Policy Date: September 19, 2019
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Podcast

Podcast

Deep Focus: What is a hybrid attack?

Hybrid attacks are fast, dynamic and ever-evolving. They can cross borders and span industries. They are best dealt with at the national level, but without international cooperation, nation-states are bound to be overwhelmed. So hybrid attacks must be repelled by responsive nation-states and by cooperative international bodies.

By: The Sound of Economics Topic: Innovation & Competition Policy Date: September 18, 2019
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Podcast

Podcast

Backstage at BAM19: Designing a competition policy fit for Europe's needs.

Backstage at the Bruegel Annual Meetings, Rebecca Christie talks with Mathew Heim on competition policy.

By: The Sound of Economics Topic: Innovation & Competition Policy Date: September 5, 2019
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Podcast

Podcast

Backstage at BAM19: AI, robots and platform workers

Backstage at the Bruegel Annual Meetings, Giuseppe Porcaro talks with J. Scott Marcus on AI, robots and platform workers.

By: The Sound of Economics Topic: Innovation & Competition Policy Date: September 4, 2019
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Podcast

Podcast

Backstage at BAM19: How can Europe's economy thrive in the digital age?

Backstage at the Bruegel Annual Meetings, Giuseppe Porcaro talks with session chair Reinhilde Veugelers on Europe's economy in the digital age.

By: The Sound of Economics Topic: Innovation & Competition Policy Date: September 4, 2019
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Past Event

Past Event

Bruegel Annual Meetings 2019

Bruegel's 2019 Annual Meetings will be held on 4-5 September and feature the launch of Bruegel's Memos to the New European Commission.

Speakers: Lorenzo Bini Smaghi, Georg Boettcher, Laurence Boone, Niels Brab, Claire Bury, Grégory Claeys, Vítor Constâncio, Zsolt Darvas, Kris Dekeyser, Jérôme Delpech, Maria Demertzis, Baroness Kishwer Falkner of Margravine, Ambroise Fayolle, Alicia García-Herrero, Mikaela Gavas, Sven Giegold, José Manuel González-Páramo, Pierre Heilbronn, Mathew Heim, Jamie Heywood, Yi Huang, Danuta Hübner, Korbinian Ibel, Shada Islam, Kate Kalutkiewicz, Brigitte Knopf, Jörg Kukies, Bernd Lange, Päivi Leino-Sandberg, Mark Leonard, Cecilia Malmström, Stefano Manservisi, J. Scott Marcus, Ann Mettler, Ashoka Mody, Reza Moghadam, Erik F. Nielsen, Jean Pisani-Ferry, Lapo Pistelli, Lucrezia Reichlin, Joakim Reiter, Victoria Roig, André Sapir, Harriet Sena Siaw-Boateng, Maria Spyraki, Philipp Steinberg, Matina Stevis-Gridneff, Alexander Stubb, Simone Tagliapietra, Jean-Claude Trichet, Laura Tyson, Nicolas Véron, Koen Vervaeke, Reinhilde Veugelers, Jasper Wesseling, Sabine Weyand, Thomas Wieser, Guntram B. Wolff and Georg Zachmann Topic: Energy & Climate, European Macroeconomics & Governance, Finance & Financial Regulation, Global Economics & Governance, Innovation & Competition Policy Location: Palais des Academies, Rue Ducale 1, 1000 Brussels Date: September 4, 2019
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Book/Special report

Braver, greener, fairer: Memos to the EU leadership 2019-2024

This collected volume, edited by Maria Demertzis and Guntram Wolff, focusing on the most important economic questions at EU level. The memos covering 16 different files and written by 21 Bruegel scholars, are intended to present the strategic to-do list based on an assessment of the state of affairs and the challenges that will greet the new Commissioners.

By: Maria Demertzis and Guntram B. Wolff Topic: Energy & Climate, European Macroeconomics & Governance, Finance & Financial Regulation, Global Economics & Governance, Innovation & Competition Policy Date: September 3, 2019
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Blog Post

European champion-ships: industrial champions and competition policy

This blog post investigates the debate on whether European competition rules should foster European industrial champions, or allow national champions to grow to a European scale. It explores the criteria that one would intuitively ascribe to industrial champions, illustrating the difficulties in defining either ‘European’ or ‘Champion’. It then conducts a brief look into whether EU Merger decisions have impeded the formation of ‘European Champions’.

By: Mathew Heim and Catarina Midoes Topic: Innovation & Competition Policy Date: July 26, 2019
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Blog Post

Modernising European Competition Policy: A Brief Review of Member States’ Proposals

French, German and Polish governments have jointly proposed options for modernising EU competition policy. The debate to recalibrate European competition rules was already well underway. So, it is not surprising that proposals are consistent with other statements made by France and Germany. Yet, proposals do not address current issues weighing on the international competition community, such as conglomerate effects theory or algorithmic collusion.

By: Mathew Heim Topic: Innovation & Competition Policy Date: July 24, 2019
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Blog Post

How should the relationship between competition policy and industrial policy evolve in the European Union?

Competition policy aims to ensure that market practices and strategies do not reduce consumer welfare. Industrial policy, meanwhile, aims at securing framework conditions that are favourable to industrial competitiveness, and deals with (sector-specific) production rules as well as the direction of public funds and tax measures. But, how should competition policy and industrial policy interact? Is industrial policy contradicting the aims of competition policy by promoting specific industrial interests?

By: Georgios Petropoulos Topic: Innovation & Competition Policy Date: July 15, 2019
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Past Event

Past Event

AI, robots and platform workers: What future for European welfare states?

At this event, we launch the study, "Digitalisation and European welfare states", authored by Georgios Petropoulos, J. Scott Marcus, Nicolas Moës, and Enrico Bergamini.

Speakers: Michael Froman, J. Scott Marcus, Monika Queisser, Thiébaut Weber and Guntram B. Wolff Topic: Innovation & Competition Policy Location: France Stratégie, 20 avenue de Ségur Date: July 9, 2019
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