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Policy-induced environmental technology and incentive efforts: Is there a crowding out?
Hottenrott, Hanna; Rexhäuser, Sascha - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
innovation is a crucial productivity driver, a potential crowding out of inventive efforts could increase the cost of mitigating …. However, we do not find negative effects on the number of ongoing R&D projects, investments in innovation-related fixed assets … or on the outcome of innovation projects. Likewise, for firms with subsidy-backed environmental innovations no crowding …
Persistent link: https://www.econbiz.de/10010985640
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Market structure and market performance in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
We investigate the effect of market structure on market performance in the market for consumer electronics. This research is novel, because we exploit product life cycle information to build an instrumental variable for the number of firms in a market, a variable which hitherto had to be treated...
Persistent link: https://www.econbiz.de/10009646609
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Market structure and market performance in e-commerce
Hackl, Franz; Kummer, Michael E.; Winter-Ebmer, Rudolf; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
We investigate the effect of market structure on market performance in the market for consumer electronics. This research is novel, because we exploit product life cycle information to build an instrumental variable for the number of firms in a market, a variable which hitherto had to be treated...
Persistent link: https://www.econbiz.de/10010957693
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The Demand of Heterogeneous Labour in Germany
Falk, Martin; Koebel, Bertrand M. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1997
In this paper, four commonly provided explanations for the shift in labour demand for different skill groups are investigated: the substitutability of inputs; the own-price sensitivity for different types of labour; the effect of economic growth and the impact of technological change. In...
Persistent link: https://www.econbiz.de/10008567612
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End-of-Pipe or Cleaner Production? An Empirical Comparison of Environmental Innovation Decisions Across OECD Countries
Frondel, Manuel; Horbach, Jens; Rennings, Klaus - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004
While both fundamental types of abatement measures mitigate the adverse environmental impacts of production, cleaner production technologies are frequently more advantageous than end-of-pipe technologies for environmental and economic reasons. This paper analyzes a variety of factors that might...
Persistent link: https://www.econbiz.de/10005097871
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Dynamic Optimal Capital Structure and Technological Change
Lööf, Hans - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003
This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10005097988
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Short-term borrowing for long-term projects: Are family businesses more susceptible to 'irrational' financing choices?
Peters, Bettina; Westerheide, Peter - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
There are noticeable differences between the roles that various forms of credit financing play in family businesses and in other businesses. Family businesses take out more often bank loans specifically to finance investments and innovations, and they particularly often resort to the short-term...
Persistent link: https://www.econbiz.de/10008869220
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The contribution of international R&D to firm profitability
Peters, Bettina; Schmiele, Anja - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
Innovation Survey (CIS). The empirical results demonstrate that R&D location matters for profitability. Firms with both domestic …
Persistent link: https://www.econbiz.de/10008869230
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Open Source, ICT infrastructure and firm performance
Cerquera Dussán, Daniel; Müller, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
This paper empirically studies the impact of the adoption of open source software (OSS) on firms' labor productivity and innovative behavior. Using a representative sample of German firms, the results show that the adoption of OSS operating systems for servers and general OSS applications has no...
Persistent link: https://www.econbiz.de/10008615600
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Managerial ownership, entrenchment and innovation
Beyer, Mila; Czarnitzki, Dirk; Kraft, Kornelius - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
Principle-agent theory suggests managers might under-invest into R&D for reasons of risk tied to project failure, such … as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying … their own interests. When entrenched, managers do not fear detrimental effects of risky innovation projects on their career …
Persistent link: https://www.econbiz.de/10009003577