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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/10011445230
impact of public technology policies on innovation of firms located in Eastern Germany. The main question is whether public … funding stimulates innovation activities or whether crowding-out effects between public and private means occur. A non … companies would have invested remarkably less if they had not participated in public innovation policy schemes. …
Persistent link: https://www.econbiz.de/10011445678
This study analyzes the effects of public R&D policy schemes on the innovation activities of firms located in Eastern … innovation activities by about four percentage points. …
Persistent link: https://www.econbiz.de/10011445919
Persistent link: https://www.econbiz.de/10010474749
This paper examines the determinants of international competitiveness at the level of sectors and firms. First, we address the relation between cost-related and technological competition in a sample of fifteen OECD countries. Results suggest that the countries' sectoral market shares are indeed...
Persistent link: https://www.econbiz.de/10010403711
Persistent link: https://www.econbiz.de/10010405166
associated with their innovation performance. Using a sample of Flemish firms, we show that there exists considerable … heterogeneity in the type of links to science at the firm level. Overall, firms with a science link enjoy superior innovation … links at the firm level to encounter distinct positive effects. -- Innovation ; cooperation ; patents ; forward citation …
Persistent link: https://www.econbiz.de/10008748845
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. -- Corporate governance ; managerial ownership ; entrenchment ; innovation …
Persistent link: https://www.econbiz.de/10008938024
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/10011446303
Persistent link: https://www.econbiz.de/10002162610