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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

Innovative capability and financing constraints for innovation: More money, more innovation?

Hottenrott, Hanna; Peters, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were …

Persistent link: https://www.econbiz.de/10010957615

Collaborative R&D as a strategy to attenuate financing constraints

Czarnitzki, Dirk; Hottenrott, Hanna - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

R&D investment, access to the partner's knowledge base and the exploitation of scale and scope in R&D, but that it may …

Persistent link: https://www.econbiz.de/10010957620

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

's decision to invest in R&D and quantify the cost and longrun benefit of this investment. The model incorporates and quantifies … 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 …

Persistent link: https://www.econbiz.de/10010957646

Sources of spillovers for imitation and innovation

Cappelli, Riccardo; Czarnitzki, Dirk; Kraft, Kornelius - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

We estimate the effect of R&D spillovers on sales realized by products new to the firm (imitation) and new to the market (innovation). It turns out that spillovers from rivals lead to more imitation, while inputs from customers and research institutions enhance original innovation.

Persistent link: https://www.econbiz.de/10010957653

Access to research inputs: Open science versus the entrepreneurial university

Czarnitzki, Dirk; Grimpe, Christoph; Pellens, Maikel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

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

Quantity or quality? Collaboration strategies in research and development and incentives to patent

Hottenrott, Hanna; Lopes-Bento, Cindy - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

This study shows for a large sample of R&D-active manufacturing firms that collaborative R&D has a positive effect on firms' patenting in terms of both quantity and quality. When distinguishing between alliances that aim at joint creation of new knowledge and alliances that aim at exchange of...

Persistent link: https://www.econbiz.de/10010957658

Small firm innovation performance and employee involvement

Andries, Petra; Czarnitzki, Dirk - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

It is known that small firms rely mainly on the CEO's individual knowledge for developing innovations. Recent work suggests that this approach is inefficient since it underutilizes other employees' knowledge. We study to which extent using CEOs, managers and non-managerial employees' ideas...

Persistent link: https://www.econbiz.de/10010957689

Profit-sharing and innovation

Aerts, Kris; Kraft, Kornelius; Lang, Julia - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

We investigate the effect of profit-sharing on product and process innovation. Profit-sharing is a credible commitment of the companies to let the employees participate in any efficiency gain. Resistance against technical progress becomes less plausible. Moreover, employees are stimulated to...

Persistent link: https://www.econbiz.de/10010957731

Innovation budgeting over the business cycle and innovation performance

Hud, Martin; Rammer, Christian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2015

The global economic crisis of 2008/2009 hit many firms hard. Faced with rapidly declining sales and highly uncertain economic prospects, firms had to cut costs and reconsider their business strategies. With respect to innovation, cost cutting often means to stop or underresource innovation...

Persistent link: https://www.econbiz.de/10011269125

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