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Minimum quality standards and novelty requirements in a one-shot development race

Prokop, Jacek; Regibeau, Pierre; Rockett, Katharine - Institut für Weltwirtschaft (IfW) - 2009

much of the cumulative innovation literature. When the research abilities of the firms differ, either the high ability firm …

Persistent link: https://www.econbiz.de/10005083363

Do Active Innovation Policies Matter? – Findings from a Survey on the Hong Kong Electronics SMEs

LIU, Wan-Hsin - Institut für Weltwirtschaft (IfW) - 2008

an active innovation promoter. As such, it has actively implemented innovation policies that focus especially on creating … new funding opportunities and establishing several R&D centres to facilitate information flow and innovation cooperation … electronics SMEs, whether these policies have positively affected innovation intensity in HK. The survey findings indicate that …

Persistent link: https://www.econbiz.de/10005566194

Determinants of growth and convergence in a growing economy with heterogeneous entrepreneurs

Dohse, Dirk; Ott, Ingrid - Institut für Weltwirtschaft (IfW) - 2008

We develop an endogenous growth model which is focussed on entrepreneurial skills and their impact on growth and convergence. Our work is closely related to the model by Acemoglu et al. (2006) but extends their analysis in some important respects. Entrepreneurs in our model dispose of two...

Persistent link: https://www.econbiz.de/10005755150

Innovation and Productivity in European Industries

Pianta, Mario; Vaona, Andrea - Institut für Weltwirtschaft (IfW) - 2006

The labour productivity impact of innovation is investigated in this paper combining neo-Schumpeterian insights on the … variety of innovation, with the importance of industrial structures and firm size; two models are proposed for explaining … data from the European innovation survey (CIS 2), covering Austria, France, Italy, the Netherlands and the UK, broken down …

Persistent link: https://www.econbiz.de/10005755207

Stages of the 2007/2008 Global Financial Crisis Is There a Wandering Asset-Price Bubble?

Orlowski, Lucjan T. - Institut für Weltwirtschaft (IfW) - 2008

This study identifies five distinctive stages of the current global financial crisis: the meltdown of the subprime mortgage market; spillovers into broader credit market; the liquidity crisis epitomized by the fallout of Northern Rock, Bear Stearns and Lehman Brothers with counterparty risk...

Persistent link: https://www.econbiz.de/10005083415

Venture Capital in Europe's Common Market: A Quantitative Description

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2001

This paper offers a quantitative description of European private equity markets and compares the recent development in these markets with the development of the US venture capital market. Moreover, the paper addresses the differences between private equity investors acting in a single national...

Persistent link: https://www.econbiz.de/10005076094

The Impact of Public Subsidies on Venture Capital Investments in Start-Up Enterprises

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2000

The relationship between a venture capitalist and an entrepreneur is modeled to investigate the impact of public subsidies on venture capital investments in start-up enterprises. In this model, the venture capitalist only finances start-up enterprises if he has sufficient expertise to make...

Persistent link: https://www.econbiz.de/10005700500

Venture Capital Contracts: A survey of the recent literature

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2000

This paper surveys empirical and theoretical studies of various control mechanisms embedded in venture capital contracts. These mechanisms mitigate incentive problems and opportunistic behavior arising in the uncertain environment of financing young high-technology enterprises that predominantly...

Persistent link: https://www.econbiz.de/10005700503

Sources of Funds and Specialization Patterns of European Venture Capital Investments

Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2004

This paper analyses the link between venture capitalists’ sources of funds, such as banks and pension funds, and the specialization pattern of venture capital investments in particular industries and particular stages of enterprises’ development. Based on a panel data set of Western European...

Persistent link: https://www.econbiz.de/10005700556

Explaining the Regional Distribution of New Economy Firms; A Count Data Analysis

Dohse, Dirk; Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2003

Although there is a host of literature on the locational choice of traditional economy firms, relatively little is known about the locational needs and preferences of new economy firms. Therefore, the current paper provides an empirical analysis of the factors determining the regional...

Persistent link: https://www.econbiz.de/10005700573