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Intermediate input markets, ICT and innovation in Germany: A firm level analysis
Cerquera, Daniel; Klein, Gordon J. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
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
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More bits - more bucks? Measuring the impact of broadband internet on firm performance
Bertschek, Irene; Cerquera, Daniel; Klein, Gordon J. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
productivity whereas it exhibits a positive and significant impact on their innovation activity. …
Persistent link: https://www.econbiz.de/10009024658
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Innovation, competition and incentives for R&D
Wörter, Martin; Rammer, Christian; Arvanitis, Spyros - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
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
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Which form of venture capital is most supportive of innovation?
Bertoni, Fabio; Tykvová, Tereza - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
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
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Measuring the impact of innovation on firm value: a new approach
Kraft, Kornelius; Czarnitzki, Dirk - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002
Most of the existing empirical literature on the relationship of firm value and knowledge capital is based on the stock market valuation of companies. However, the assets of many firms are not publicly traded, and hence the calculation of market value is limited to a subsample of firms. We...
Persistent link: https://www.econbiz.de/10005097946
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The Determinants of Merger Waves: An International Perspective
Gugler, Klaus; Mueller, Dennis C.; Weichselbaumer, Michael - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
One of the most conspicuous features of mergers is that they come in waves that are correlated with increases in share prices and price/earnings ratios. We use a natural way to discriminate between pure stock market influences on firm decisions and other influences by examining merger patterns...
Persistent link: https://www.econbiz.de/10005097499
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Do Shorter Product Cycles Induce Patent Thickets?
Beschorner, Patrick Frank Ernst - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
The traditional argument that shorter product cycles favor trade secret over patenting is reviewed. A game theoretic model provides an argument that shorter product cycles can induce firms to file more patent applications. The firms may be trapped in a prisoners' dilemma where all firms would...
Persistent link: https://www.econbiz.de/10005097707
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Product innovation and product innovation marketing: theory and microeconometric evidence
Kaiser, Ulrich - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2001
This paper derives a three stage Cournot?oligopoly game for product innovation, expenditure on introducing the product … and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if … decide whether or not to conduct product innovation and then determine their expenditure for bringing the new product to the …
Persistent link: https://www.econbiz.de/10005098359
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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
This paper examines whether information technology (IT) and decentralized work organization are complementary only for large firms or also for smaller firms. Empirical evidence, which suggests complementarity between IT and decentralization, is mainly based on large firms. Using data from a...
Persistent link: https://www.econbiz.de/10010957612
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Lessons of the financial crisis for the attractiveness of European financial centers
Lang, Gunnar - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
This paper analyses fundamental location factors for the financial industry by investigating the economic significance of market participants' assessments of location factors and country-specific characteristics over time. A unique data set allows studying the locational attractiveness of...
Persistent link: https://www.econbiz.de/10010957648