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Beyond the Knowledge Production Function: The Role of R+D in a Multi-faceted Innovative Process

Catozzella, Alessandra; Vivarelli, Marco - Wirtschaftswissenschaftliche Fakultät, … - 2007

innovative inputs on a sample of 3045 manufacturing firms drawn from the third Italian Community Innovation Survey (1998 …-2000). The interactions between four different sources of innovation - internal and external R+D, embodied and disembodied … complementarity and substitutability relationships, depending both on the typology of the targeted innovation output and on the …

Persistent link: https://www.econbiz.de/10004970285

Creating Strategic Advantage through Entrepreneurial Governance in New Ventures

Audretsch, David B.; Lehmann, Erik E.; Plummer, Lawrence A. - Wirtschaftswissenschaftliche Fakultät, … - 2007

An important literature has made a fundamental link between corporate governance and corporate strategy. According to agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This paper suggests that this may not apply in the context of...

Persistent link: https://www.econbiz.de/10005090583

Financial Signaling by Innovative Nascent Entrepreneurs

Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - Wirtschaftswissenschaftliche Fakultät, … - 2009

innovation as well as the project's feasibility. Our analysis of 900 nascent entrepreneurs finds that patents and prototypes … increase the likelihood of obtaining equity finance. Thus, if signals are credible, innovation positively impacts external … that the relation between finance and innovation depends on the stage of a start-up lifecycle. …

Persistent link: https://www.econbiz.de/10005090597

Corporate R&D and Firm Effi ciency:Evidence from Europe’s Top R&D Investors

Kumbhakar, Subal; Ortega-Argilés, Raquel; Potters, Lesley - Institut zur Zukunft der Arbeit <Bonn> - 2009

The main objective of this study is to investigate the impact of corporate R&D activities onfirms’ performance, measured by labour productivity. To this end, the stochastic frontiertechnique is applied, basing the analysis on a unique unbalanced longitudinal datasetconsisting of 532 top...

Persistent link: https://www.econbiz.de/10009360610

Globalization and the Rise of the Entrepreneurial Economy

Audretsch, David B.; Sanders, Mark - Wirtschaftswissenschaftliche Fakultät, … - 2007

This paper argues that globalization has led to a shift in developed countries from an industrial to an entrepreneurial model of production. Globalization is interpreted as a level shock in the supply of unskilled labor to the world economy, a decrease in the level of political risk associated...

Persistent link: https://www.econbiz.de/10005032024