Anna Toldrà-Simats

Anna Toldrà-Simats is a professor and researcher in corporate finance at the Business Administration Department of Universidad Carlos III de Madrid. Her fields of specialization are the financing of innovation, venture capital financing, and banking. Anna received her PhD from Toulouse School of Economics, in France.

The Impact of Large Institutional Investors on Innovation Is Not as Positive as One Might Expect

In a new paper, Bing Guo, Dennis C. Hutschenreiter, David Pérez-Castrillo, and Anna Toldrà-Simats study how large institutional investors impact firm innovation. The authors find that large institutional investors encourage internal research and development but discourage firm acquisitions that would add patents and knowledge to their firms’ portfolios, hampering overall innovation.

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