Similar Search Results

Dynamic R&D Choice and the Impact of the Firm's Financial Strength

Peters, Bettina - 2016

This article investigates how a firm's financial strength affects its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech manufacturing industries. The model incorporates a measure of the firm's financial strength, derived from...

Persistent link: https://www.econbiz.de/10012456639

Production Function Estimation Using Subjective Expectations Data

Norris Keiller, Agnes; Paula, Áureo de; Van Reenen, John - National Bureau of Economic Research - 2024

Standard methods for estimating production functions in the Olley and Pakes (1996) tradition require assumptions on input choices. We introduce a new method that exploits (increasingly available) data on a firm's expectations of its future output and inputs that allows us to obtain consistent...

Persistent link: https://www.econbiz.de/10014635688

Stock Return Predictability : Is it There?

Ang, Andrew - 2001

We ask whether stock returns in France, Germany, Japan, the UK and the US are predictable by three instruments: the …

Persistent link: https://www.econbiz.de/10012470517

Modeling and Forecasting Realized Volatility

Andersen, Torben G. - 2001

This paper provides a general framework for integration of high-frequency intraday data into the measurement forecasting of daily and lower frequency volatility and return distributions. Most procedures for modeling and forecasting financial asset return volatilities, correlations, and...

Persistent link: https://www.econbiz.de/10012470566

Real-Time Multivariate Density Forecast Evaluation and Calibration : Monitoring the Risk of High-Frequency Returns on Foreign Exchange

Diebold, Francis X. - 1998

We provide a framework for evaluating and improving multivariate density forecasts. Among other things, the multivariate framework lets us evaluate the adequacy of density forecasts involving cross-variable interactions, such as time-varying conditional correlations. We also provide conditions...

Persistent link: https://www.econbiz.de/10012471967

Export Entry and Exit by German Firms

Bernard, Andrew B. - 1998

This paper examines the decision to enter the export market by German firms. While exports have played an important role in recent German business cycle movements, little is known about the export supply response of German firms. This paper presents a dynamic model of the export decision by a...

Persistent link: https://www.econbiz.de/10012472269

Knowledge Management, Innovation, and Productivity : A Firm Level Exploration Based on French Manufacturing CIS3 Data

Kremp, Elisabeth - 2004

knowledge acquisition (A), implementing written knowledge management rules (W). The French 1998-2000 Community Innovation Survey …

Persistent link: https://www.econbiz.de/10012468456

To Starve or to Stoke? : Understanding Whether Divestment vs. Investment Can Steer (Green) Innovation

Pless, Jacquelyn - National Bureau of Economic Research - 2023

divestment to combat climate change. Will it work? This chapter explores whether divestment might induce green innovation, a … critical component of transitioning to a cleaner economy. Divestment could theoretically steer innovation by increasing the … investment opportunities. I argue that continuing to invest in dirty industries could drive green innovation conditional on …

Persistent link: https://www.econbiz.de/10014226139

Innovative Originality, Profitability, and Stock Returns

Hirshleifer, David - 2017

We propose that innovative originality (InnOrig) is a valuable organizational resource, and that owing to limited investor attention and skepticism of complexity, firms with greater InnOrig are undervalued. We find that firms' InnOrig strongly predicts higher, more persistent, and less volatile...

Persistent link: https://www.econbiz.de/10012455249

What is a Patent Worth? Evidence from the U.S. Patent “Lottery”

Farre-Mensa, Joan - 2017

quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …

Persistent link: https://www.econbiz.de/10012455413

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