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The picture of the securities exchanges and financial sectors in CEE countries is still relatively unfavorable. The CEE securities exchanges – with the only exception of the Warsaw Stock Exchange – are, in comparison with their western counterparts, underdeveloped and less important for the...
Persistent link: https://www.econbiz.de/10005097843
This paper analyses the relationship between past innovation output, competition, and future innovation input in a … results for both countries. Innovation output in t-1 as measured by the sales share of innovative products is positively …
Persistent link: https://www.econbiz.de/10008568594
Although there seems to be consensus in the literature that venture capital investors increase the innovation output of … from seven European countries, we investigate which form of venture capital is most supportive of innovation. Our results … suggest that in companies financed by syndicates and by private venture capital investors, the innovation output increases …
Persistent link: https://www.econbiz.de/10010985652
Start-up firms often face difficulties in raising external funds. Employing a unique panel dataset covering 9,715 start-up firms over the period 2007-2009, we find that high-tech startups are less likely to use bank finance and face more difficulties in raising bank finance than low-tech...
Persistent link: https://www.econbiz.de/10010985643
linkages between the firm's R&D investment, product and process innovations, and future productivity and profits. The dynamic …&D investment. For the median productivity firm, investment in R&D raises firm value by 3.0 percent in a group of hightech … significantly affect R&D investment rates and productivity changes in the high-tech industries. …
Persistent link: https://www.econbiz.de/10010957646
deepening and innovation for productivity. We employ a model that takes into account that innovation and ICT use may be … productivity appears to be of the same order of magnitude in the two countries. However, the direct impacts of innovation on multi … technological innovations on a more permanent basis. Moreover, the joint impact of ICT use and permanent technological innovation on …
Persistent link: https://www.econbiz.de/10005097585
estimates for an extended production function framework reveal significant productivity effects of ICT in the German service … productivity differentials between firms. …
Persistent link: https://www.econbiz.de/10005097592
number of national firm level studies on the innovation-productivity link have been conducted using new internationally …, innovation output and productivity, we find to a very large extent a common cross-country story for knowledge intensive …Recent studies have documented extensive heterogeneity in firm performance within countries, and innovation has been …
Persistent link: https://www.econbiz.de/10005098157
The literature on within-firm organizational change and productivity suggests that firms can make more efficient use of … technologies and that joint adoption leads to higher productivity. Without having introduced complementary organizational … innovations, the adoption of CO2 reducing technologies is associated with lower productivity. …
Persistent link: https://www.econbiz.de/10010985629
This paper examines how productivity effects of human capital and innovation vary at different points of the … conditional productivity distribution. Our analysis draws upon two large unbalanced panels of 6,634 enterprises in Germany and 14 …-skilled employees and industries in Germany by a more unequal distribution of human capital intensity. In Germany, average innovation …
Persistent link: https://www.econbiz.de/10010985700