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Foreign Competition and Executive Compensation in the Manufacturing Industry – a Comparison between Germany and the U.S

Dyballa, Katharina - 2018

impact of foreign competition on managerial compensation, (2) differences in the impact between Germany and the U.S and (3 … covering the period from 1984-2010 for Germany respectively 1992-2011 for the U.S and apply system GMM in order to solve … compensation in both countries. The impact of foreign competition on payperformance sensitivity differs between the US and Germany …

Persistent link: https://www.econbiz.de/10012911627

Capital Control, Debt Financing and Innovative Activity

Czarnitzki, Dirk - 2014

The present paper first discusses theoretically the different incentives of manager- versus owner-controlled firms for investment into innovative activity. In addition, the role of debt financing is analyzed. Subsequently the results from an empirical study on the determinants of innovative...

Persistent link: https://www.econbiz.de/10012710126

A Test of the Quality of Concentration Indices

Heger, Diana; Kraft, Kornelius - 2008

Theory predicts a positive relationship between market concentration and profitability in most scenarios. In empirical work, however, this relation is frequently not found or only a weak connection is observed. We compare the performance of concentration and market share variables, which are...

Persistent link: https://www.econbiz.de/10014214690

Do Spillovers Stimulate Incremental or Drastic Product Innovations? Hypotheses and Evidence from German Establishment Data

Kraft, Kornelius; Jirjahn, Uwe - 2014

We estimate the determinants of various types of product innovation. Knowledge spillovers from rivals have a positive impact on incremental innovations. This impact is largely independent of the participation in R&D cooperations. Spillovers exert no such independent influence on drastic...

Persistent link: https://www.econbiz.de/10014027138

License Expenditures of Incumbents and Potential Entrants : An Empirical Analysis of Firm Behavior

Czarnitzki, Dirk; Kraft, Kornelius - 2015

This paper presents the results of an empirical test concerning the auction model of Gilbert and Newbery (1982). The study uses data on German companies in order to analyze expenditures for technology licenses. Aside of standard control variables the motives for innovation expenditures are also...

Persistent link: https://www.econbiz.de/10014064594