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Are there financing constraints for R&D and investment in German manufacturing firms?
Harhoff, Dietmar - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1996
Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to cash flow for relatively small firms. Much of this...
Persistent link: https://www.econbiz.de/10008567560
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Lessons of the financial crisis for the attractiveness of European financial centers
Lang, Gunnar - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
This paper analyses fundamental location factors for the financial industry by investigating the economic significance of market participants' assessments of location factors and country-specific characteristics over time. A unique data set allows studying the locational attractiveness of...
Persistent link: https://www.econbiz.de/10010957648
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Patents as quality signals? The implications for financing constraints on R&D
Czarnitzki, Dirk; Hall, Bronwyn H.; Hottenrott, Hanna - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010957591
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Financial Constraints: Routine Versus Cutting Edge R&D Investment
Binz, Hanna L.; Czarnitzki, Dirk - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
We analyze financial constraints for R&D, where we account for heterogeneity among investments which has been neglected in previous literature. According to economic theory, investments should be distinguished by their degree of uncertainty, e.g. routine R&D versus cutting-edge R&D. Financial...
Persistent link: https://www.econbiz.de/10005097957
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R&D Investment and Financing Constraints of Small and Medium-Sized Firm
Czarnitzki, Dirk; Binz, Hanna L. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
This study tests for financial constraints on R&D investment and how they differ from capital investment. To identify constraints in the access to external capital, we employ a credit rating index. Our models show that internal constraints, measured by mark-ups, are more decisive for R&D than...
Persistent link: https://www.econbiz.de/10005098128
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Research and development: financial constraints and the role of public funding for small and medium-sized enterprises
Czarnitzki, Dirk - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002
This paper presents microeconometric evidence on financing con-traints for research and development activities in German small and medium?sized firms (SME). Special attention is paid to the role of public R&D subsidies. For this purpose SME in Western and East-ern Germany are compared because...
Persistent link: https://www.econbiz.de/10005098138
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Mission drawdowns - financing a sustainable peace : sustaining gains and supporting economic stability post un mission withdrawal
OECD - 2020
managed transition process is one of the best ways to guard against backslide and to ensure the continuity of essential … studies in DRC (initial stages of MONUSCO transition), Haiti (handover from MINUJUSH to BINUH), Liberia (following UNMIL …’s withdrawal) and Sudan (transition of UNAMID). The paper focuses on opportunities that the international community could integrate …
Persistent link: https://www.econbiz.de/10012257901
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Intergenerational Poverty Dynamics in Poland: Family Background and Children's Educational Attainment During Transition
Lauer, Charlotte; Beblo, Miriam - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002
children´s educational attainment during the transition process of the 1990s. The relationship between family background and …
Persistent link: https://www.econbiz.de/10005098337
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Poland on the dole: unemployment benefits, training, and long-term unemployment during transition
Puhani, Patrick A. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1996
We analyse the duration of unemployment spells in Poland using data from the Polish Labour Force Survey of August 1994. The effects on the duration of unemployment of important socio-economic and demographic characteristics are explored besides the impacts of the unemployment benefit system and...
Persistent link: https://www.econbiz.de/10008615604
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How selective are real wage cuts? A micro-analysis using linked employer-employee data
Hirsch, Boris; Zwick, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
Using linked employer-employee panel data for Germany, this paper investigates whether firms implement real wage reductions in a selective manner. In line with insider-outsider and several strands of efficiency wage theory, we find strong evidence for selective wage cuts with high-productivity...
Persistent link: https://www.econbiz.de/10010957723