evidence for incentive and financing problems for private sector investment in innovation projects has provided ground for … governmental interventions to prevent welfare reducing underinvestment in innovation. However, the survey of the literature shows …

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 …

This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity …

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 … companies would have invested remarkably less if they had not participated in public innovation policy schemes. …

This study analyzes the effects of public R&D policy schemes on the innovation activities of firms located in Eastern … their innovation activities by about four percentage points. …

innovative activities of German service firms. We investigate whether firms that receive public subsidies for innovation projects … innovative activities. The more grants a firm has received in the past, the more it invests in current innovation projects …