The Big Innovation Bang

Invitation - Conference

The Big Innovation Bang


Monday, 21st November 2016

12:15 – 13:00
Room 307,  HEG-FR, Chemin du Musée 4, 1700 Fribourg



Diego Ostinelli
is a research assistant at the University of Zurich. His research interests include innovation, financial market development, and acquisitions. Currently he is studying the effect of financial markets deregulation on innovation and the role of stock and debt market conditions in determining the proportion of private equity-backed deals in the market for corporate control.

Diego holds a PhD from Zürich University, a M.Sc. in finance from Bocconi University in Milan and a B.Sc. in economics from USI in Lugano. Prior to his Ph.D. studies, he worked as an equity analyst at UBS and in the Corporate Finance division at PwC.



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.


Extended Abstract to download



Supported by Innovation Club           




Benoît Morel
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