Showing 1 - 10 of 272
In this paper, we analyse whether bank owners or bank managers were the driving force behind the risks incurred in the wake of the financial crisis of 2007/2008. We show that owner controlled banks had higher profits in the years before the crisis, and incurred larger losses and were more likely...
Persistent link: https://www.econbiz.de/10008518270
behaviour and distinguish between dierent innovation regimes. On the basis of a set of simulations of this model we derive a …
Persistent link: https://www.econbiz.de/10005098033
Non-technological innovation is an important element of firms? innovation activities that both supplement and … complement technological innovation, i.e. the introduction of new products and new processes. We analyse the spread of … nontechnological innovation in firms, their relation to technological innovation, and their effects to firm performance and success …
Persistent link: https://www.econbiz.de/10005097614
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
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...
Persistent link: https://www.econbiz.de/10008567560
The global financial crisis has brought to an end a rather unprecedented period of banks' international expansion. We analyze the effects of the crisis on international banking. Using a detailed dataset on the international assets of all German banks with foreign affiliates for the years...
Persistent link: https://www.econbiz.de/10010985662
The viability of modern open science norms and practices depend on public disclosure of new knowledge, methods, and materials. However, increasing industry funding of research can restrict the dissemination of results and materials. We show, through a survey sample of 837 German scientists in...
Persistent link: https://www.econbiz.de/10010957657
Based on a sample of research units in science and engineering at German universities, this study reports survey evidence showing that research grants impact research content. Research units that receive funds from industry are more likely to source ideas from the private sector. The higher the...
Persistent link: https://www.econbiz.de/10010957740
Several reviews and impact assessment studies have concluded that the Sixth Framework Programme for Research and Technological Development (FP6) succeeded in fostering scientific excellence and attracting the 'A Team' in public science. However, these studies typically fail to contrast their...
Persistent link: https://www.econbiz.de/10008568603
University research provides valuable inputs to industrial innovation. It is therefore not surprising that private …
Persistent link: https://www.econbiz.de/10009147347