Showing 1 - 10 of 96
This paper develops and implements a new benchmarking approach for labor market regions. Based on panel data for regions, we use nonparametric matching techniques to account for observed labor market characteristics and for spatial proximity. As the benchmark, we estimate the counterfactual...
Persistent link: https://www.econbiz.de/10010957712
This paper presents an analysis of pension funds' performance in Poland and Hungary, two Central European countries characterized by strong regulation of their private pension fund industries. Thus, the paper extends the literature which has so far mostly focused on performance of pension fund...
Persistent link: https://www.econbiz.de/10008694119
The aim of this study is the analysis of so called socially responsible investments (SRI). First, the performance of SRI equity investment funds and equity indices is investigated using Jensen´s alpha as performance measure. The analysis considers market timing strategies of the fund management...
Persistent link: https://www.econbiz.de/10005097487
This paper studies the impact of the adoption of ICT on the economic performance at the firm level, considering explicitly the interaction of adopting firms within the intermediate input market in Germany. The paper identifies and quantifies the importance of adoption externalities and knowledge...
Persistent link: https://www.econbiz.de/10010957582
We analyze the effects of captive off-shoring of innovation activities on the firms' ability to adapt their … Community Innovation Survey to test our hypotheses. We find an inverted u-shape of innovation off-shoring on the effectiveness … of organizational adaptability, implying an optimal threshold value of innovation off-shoring. This value is 11% for …
Persistent link: https://www.econbiz.de/10010957583
Trademarks are often supposed to reduce substitutability and imitability of product innovations. Using German CIS data for 2010, we provide empirical evidence that trademarking firms assess easy product substitutability as less characteristic for their competitive environment. This is...
Persistent link: https://www.econbiz.de/10010957593
This study examines how industry-specific managerial experience affects firms' innovation performance in the context of …
Persistent link: https://www.econbiz.de/10010957603
This paper examines how foreign-owned and domestically owned firms transform innovation into employment growth. The …, reveals important differences between the two groups: Due to general productivity increases and process innovation, foreign … innovation are larger for foreignowned firms. Together with employment-stimulating effects stemming from existing products, they …
Persistent link: https://www.econbiz.de/10010957608
This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of …. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were … not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing …
Persistent link: https://www.econbiz.de/10010957615
This paper examines the role of venture capital on a firm's innovation activities by using a data set of German … technology-based firms founded between 1996 and 2005. Innovation is proxied by patent counts and an index of innovativeness which …
Persistent link: https://www.econbiz.de/10010957632