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Managerial ownership, entrenchment and innovation

Beyer, Mila; Czarnitzki, Dirk; Kraft, Kornelius - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying … their own interests. When entrenched, managers do not fear detrimental effects of risky innovation projects on their career …, and hence tend to over-invest into innovation. …

Persistent link: https://www.econbiz.de/10009003577

Sources of spillovers for imitation and innovation

Cappelli, Riccardo; Czarnitzki, Dirk; Kraft, Kornelius - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

market (innovation). It turns out that spillovers from rivals lead to more imitation, while inputs from customers and … research institutions enhance original innovation. …

Persistent link: https://www.econbiz.de/10010957653

Capital Control, Debt Financing and Innovative Activity

Czarnitzki, Dirk; Kraft, Kornelius - 2004

innovation, i.e. weakly controlled managers show a higher innovation propensity. However, the higher the leverage the more …

Persistent link: https://www.econbiz.de/10010297397

Biomedical Academic Entrepreneurship Through the SBIR Program

Toole, Andrew A.; Czarnitzki, Dirk - 2005

This paper considers the U.S. Small Business Innovation Research (SBIR) program as a policy fostering academic …

Persistent link: https://www.econbiz.de/10010297455

Management Control and Innovative Activity

Czarnitzki, Dirk; Kraft, Kornelius - 2000

This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...

Persistent link: https://www.econbiz.de/10010297732

Firm leadership and innovative performance: evidence from seven EU Countries

Kraft, Kornelius; Czarnitzki, Dirk - 2001

This paper considers the effect of different firm leadership on the innovative performance of firms from seven EU countries. We investigate whether owner-led or manager-led firms achieve a larger share of their turnover with product innovations. Economic theory does not propose clear answers to...

Persistent link: https://www.econbiz.de/10010297773

Unternehmensleitung und Innovationserfolg

Czarnitzki, Dirk; Kraft, Kornelius - 2001

In dieser Arbeit werden die verschiedenen Anreize für Manager im Vergleich zu Unternehmenseignern untersucht, Innovationen durchzuführen. Bei den Anreizen treten gegenläufige Effekte der Innovationsanstrengungen auf. Unsere Untersuchung über die Determinanten des Innovationserfolges liefert...

Persistent link: https://www.econbiz.de/10010297807

Managerial ownership, entrenchment and innovation

Beyer, Mila; Czarnitzki, Dirk; Kraft, Kornelius - 2011

Persistent link: https://www.econbiz.de/10010304456

Do companies benefit from public research organizations? The impact of the Fraunhofer Society in Germany

Comin, Diego; Licht, Georg; Pellens, Maikel; Schubert, … - 2019

Among available policy levers to boost innovation, investment in applied research organisations has received little … system and merge it with the German contribution to the Community Innovation Survey (CIS), which contains panel information …

Persistent link: https://www.econbiz.de/10011985215

Sources of spillovers for imitation and innovation

Cappelli, Riccardo; Czarnitzki, Dirk; Kraft, Kornelius - 2013

market (innovation). It turns out that spillovers from rivals lead to more imitation, while inputs from customers and … research institutions enhance original innovation. …

Persistent link: https://www.econbiz.de/10010319604