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Optimal Public Policy For Venture Capital Backed Innovation

Keuschnigg, Christian - School of Economics and Political Science, Universität … - 2003

regard to the capital gains tax, innovation subsidy, public R\&D spending and other policy initiatives. …

Persistent link: https://www.econbiz.de/10005797650

Keuschnigg, Christian; Egger, Peter - School of Economics and Political Science, Universität … - 2010

The paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Depending on R&D choice, innovative firms are more productive, have larger investment opportunities and lower own funds than non-innovating firms. As a result, innovative firms are financially...

Persistent link: https://www.econbiz.de/10008542816

Business Taxation, Corporate Finance and Economic Performance

Keuschnigg, Christian; Ribi, Evelyn - School of Economics and Political Science, Universität … - 2010

, innovation and efficiency by implicitly redistributing profits towards constrained firms where capital earns the highest return …

Persistent link: https://www.econbiz.de/10008542827

Profit Taxation, Innovation and the Financing of Heterogeneous Firms

Keuschnigg, Christian; Ribi, Evelyn - School of Economics and Political Science, Universität … - 2010

endogenous share opts for innovation and faces credit constraints in the subsequent expansion phase. We emphasize four results …: (i) R&D subsidies not only encourage innovation but also relax finance constraints and help innovative firms to exploit … investment of constrained firms by reducing free cash-flow and thereby discourage innovation. (iii) A revenue neutral increase in …

Persistent link: https://www.econbiz.de/10008542833

Profit Taxation, Innovation and the Financing of Heterogeneous Firms

Keuschnigg, Christian; Ribi, Evelyn - C.E.P.R. Discussion Papers - 2010

Persistent link: https://www.econbiz.de/10008468605

Trade, Strategic Innovation and Strategic Environmental Policy - a General Analysis

Ulph, Alistair Mitchell; Ulph, David - C.E.P.R. Discussion Papers - 1994

There has been much debate recently about the nature of environmental policy that will be set by governments concerned about the competitive advantage their industries might obtain in a world of fierce trade competition. Some claim governments will set environmental policies that are too lax,...

Persistent link: https://www.econbiz.de/10005136590

Endogenous Innovation Spillovers and Technology Policy

Katsoulacos, Yannis; Ulph, David - C.E.P.R. Discussion Papers - 1996

We examine a model of R&D competition and cooperation in the presence of spillovers. Unlike virtually all the literature, however, we treat these spillovers as endogenous and under the control of firms. We show that it is then essential to make a number of distinctions that are ignored in the...

Persistent link: https://www.econbiz.de/10005136627

Optimal Public Policy for Venture Capital Backed Innovation

Keuschnigg, Christian - C.E.P.R. Discussion Papers - 2003

regard to the capital gains tax, innovation subsidy, public R&D spending and other policy initiatives. …

Persistent link: https://www.econbiz.de/10005497714

Venture Capital Backed Growth

Keuschnigg, Christian - School of Economics and Political Science, Universität … - 2002

The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists … productive and active VC industry boosts innovation driven growth. …

Persistent link: https://www.econbiz.de/10005453939

Innovation, Trade, and Finance

Egger, Peter; Keuschnigg, Christian - C.E.P.R. Discussion Papers - 2011

This paper proposes a model where heterogeneous firms choose whether to undertake R&D or not. Innovative firms are more productive, have larger investment opportunities and lower own funds for necessary tangible continuation investments than non-innovating firms. As a result, they are...

Persistent link: https://www.econbiz.de/10009150949