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This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10003888735
Das Forschungsprojekt hatte zum Ziel, die Innovationsperformance von KMU in Baden- Württemberg im Vergleich zu KMU aus anderen deutschen Bundesländern zu untersuchen und die Faktoren zu analysieren, die für eine möglicherweise überdurchschnittlich hohe Innovationsperformance der...
Persistent link: https://www.econbiz.de/10003991051
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10003671082
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10003301146
mezzanine capital, when facing a loan denial. -- Investment ; loan availability ; innovation ; private equity …
Persistent link: https://www.econbiz.de/10003961525
The massive economic crisis 2008/09 had substantial impacts on the innovation activities of the German economy. The … loss in sales and profits resulted in a sharp decline of innovation expenditure. While capital expenditure for new products … and improved processes were cut substantially, R&D budgets basically remained unchanged. Firms with innovation and R …
Persistent link: https://www.econbiz.de/10009424135
Innovativen Unternehmen, insbesondere kleinen und mittelgroßen Betrieben (KMU) wird eine Schlüsselposition für den technischen Fortschritt und die internationale Wettbewerbsfähigkeit von Industrienationen zugewiesen. Die Fähigkeit, neues Wissen zu generieren und in marktfähige Produkte,...
Persistent link: https://www.econbiz.de/10010511212
This paper studies the effects of different public innovation funding programs on the innovation output and export … contributes to higher innovation outputs, which in turn translates into higher export success in later years. This relation … however only holds for certain sources of public funding and certain types of innovation output. Innovation support from the …
Persistent link: https://www.econbiz.de/10011566487
Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across … and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have … restricted standard analysis of the determinants of innovation to consideration of the role of firm characteristics. We develop a …
Persistent link: https://www.econbiz.de/10003801015