We estimate the determinants of various types of product innovation. Knowledge spillovers from rivals have a positive … exert no such independent influence on drastic innovation activities. The results support the hypothesis that establishments …

case (less weight on EU) may lead to increased first period emissions. The effect of learning possibilities on emissions is …, considering prospective learning increases today?s abatement effort, i.e. the ?irreversibility effect? holds, if the weight on EU … MaxiMin. There is, however, the possibility of a negative value of learning. It is shown that the irreversibility effect holds …

Finance theory does not provide a comprehensive framework for explaining risk management within the imperfect financial … environment in which firms operate. Corporate managers, however, rank risk management as one of their most important objectives … literature and analyses the implications for risk management practice. It is distinguished between two competing approaches to …

whether this type of behavior persists when risk comes into play. I devise an experiment which sheds light on the … interrelation of risk and social preferences by measuring (1) individual risk preferences, (2) interpersonal risk preferences, and … (3) social preferences under certainty. The results reveal that a large share of subjects choose to accept more risk or …

the cross-section. The results show that SRI stock indexes do not exhibit a different risk-adjusted return than … conventional benchmarks. But many SRI indexes have a higher risk relative to the benchmarks. These findings are robust to the use …

[Innovation in Chemistry & the Chemical Industry in Germany] The chemical industry is one of the key sectors in the … German innovation system. Being devoted to research and innovation, the chemical industry is leading the development and … industries build their innovative efforts. The innovation performance of the chemical industry in Germany can be demonstrated by …