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Patents as quality signals? The implications for financing constraints on R&D
Czarnitzki, Dirk; Hall, Bronwyn H.; Hottenrott, Hanna - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010957591
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Collaborative R&D as a strategy to attenuate financing constraints
Czarnitzki, Dirk; Hottenrott, Hanna - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
The ability of firms to establish R&D collaborations that combine resources, exploit complementary know-how, and internalize R&D externalities has been shown to be of high importance for the successful creation and implementation of new knowledge. We argue in this article that collaborative R&D...
Persistent link: https://www.econbiz.de/10010957620
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Industrial research versus development investment: the implications of financial constraints
Czarnitzki, Dirk; Hottenrott, Hanna; Thorwarth, Susanne - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market imperfections and special features of R&D investments. Moreover, it has been shown that a shift in capital structure towards more debt, results in a reduction of R&D investments....
Persistent link: https://www.econbiz.de/10008533548
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Integration and Reorganisation of Industrial R&D: Deficits and Perspectives of Empirical Research
Grimpe, Christoph - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005
The combination of research and development units following a merger or an acquisition usually requires a broad and widespread integration project to ensure that a company?s innovative capabilities are carried forward into the future. Previous research has shown, however, that the combined...
Persistent link: https://www.econbiz.de/10005097826
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Research and development: financial constraints and the role of public funding for small and medium-sized enterprises
Czarnitzki, Dirk - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002
This paper presents microeconometric evidence on financing con-traints for research and development activities in 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...
Persistent link: https://www.econbiz.de/10005098138
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Does the mobility of R&D labor increase innovation?
Kaiser, Ulrich; Kongsted, Hans Christian; Rønde, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
We investigate the effect of mobility of R&D workers on the total patenting activity of their employers. Our study documents how mobile workers affect the patenting activity of the firm they join and the firm they leave. The effect of labor mobility is strongest if workers join from...
Persistent link: https://www.econbiz.de/10011104995
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Combining technology and work organization: An analysis of complementarity between IT and decentralization across firms of different size
Rasel, Fabienne - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
productivity but the combination of IT and decentralization does not yield a productivity premium. Contrarily, for the sample of … larger firms, the results show that the productivity of IT depends positively on decentralization. The findings suggest that …
Persistent link: https://www.econbiz.de/10010957612
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Trade and technology: New evidence on the productivity sorting of firms
Bertschek, Irene; Hogrefe, Jan; Rasel, Fabienne - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
Using a unique German firm-level data set, we provide empirical evidence for a productivity sorting along two …
Persistent link: https://www.econbiz.de/10010957613
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Estimating dynamic R&D demand: An analysis of costs and long-run benefits
Peters, Bettina; Roberts, Mark J.; Vuong, Van Anh; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
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
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Age and productivity: Sector differences?
Göbel, Christian; Zwick, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
the age structure of establishments on productivity using representative linked employeremployee panel data. We argue that … establishment age-productivity profiles might differ for various reasons. For example, the importance of physical strength and … possibilities to compensate deficits in skills differ between sectors. We investigate differences in the age-productivity profiles …
Persistent link: https://www.econbiz.de/10009323189