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This paper investigates how competition and firm size affect the relationship between market uncertainty and R&D investment. We use an intuitively appealing measure of firm-specific uncertainty along with panel data to show that firms invest less in current R&D as uncertainty about market...
Persistent link: https://www.econbiz.de/10005097745
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...
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Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form … monitored by their corporate sponsors, resulting in less favorable conditions for radical innovation. …
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This paper investigates the impact of in-house R&D and innovation management practices on innovation success in small … innovation management tools in order to achieve innovation success. We analyse whether such a strategy can pay off. Based on data … from the German CIS we find that R&D activities are a main driver for innovation success if combined with external R …
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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 these regions are very different in their supply of public R …&D funding. It turns out that Western German SME are financially constrained in their R&D activities by both internal and …
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