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An information economics perspective on main bank relationships and firm R&D
Hoewer, Daniel; Schmidt, Tobias; Sofka, Wolfgang - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...
Persistent link: https://www.econbiz.de/10009323616
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Young, open and international: the impact of search strategies on the internationalization of new ventures
Zimmermann, Jörg; Grimpe, Christoph; Sofka, Wolfgang - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
internationalization process. We contribute to this research stream by establishing theoretical links with the emerging open innovation … with regard to the effect of open innovation strategies on internationalization performance. Our results show that both the … breadth and depth of search strategies for external knowledge help young firms to enter international markets. Once they have …
Persistent link: https://www.econbiz.de/10005098125