Narrow search
Showing 1 - 10 of 99
Cover Image
The Link Between Firms? Innovation Decision and the Business Cycle: An Empirical Analysis
Heger, Diana - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004
The sensitivity of innovation activities with respect to the business cycle is often assumed to be small. In this paper … the hypothesis on cyclical dependence of innovation activities is tested for firms in the German manufacturing, and … additionally for SMEs. To this end firms? innovation decisions are considered. The decision to innovate in one period is modelled …
Persistent link: https://www.econbiz.de/10005097512
Cover Image
Welche Regionen profitieren von Venture Capital-Aktivitäten?
Engel, Dirk - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002
Mit der Venture Capital (VC)-Finanzierung als Teil eines regionalen Innovationssystems sind Erwartungen verbunden, die Kommerzialisierung neuer Forschungsergebnisse in marktfähige Produkte in einer Region zu fördern. In Erwartung positiver Effekte eines solchen Kapitalzuflusses in eine Region...
Persistent link: https://www.econbiz.de/10005097648
Cover Image
Stimuliert der BioRegio-Wettbewerb die Bildung von Biotechnologieclustern in Deutschland?
Engel, Dirk; Heneric, Oliver - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005
Regions with biotechnology-specific knowledge seem to have best chances to attract potential entrepreneurs to establish a biotechnology-firm. Furthermore, regional oriented technology policy is supposed to stimulate the creation process of biotechnology clusters, too. The BioRegio contest (BRC)...
Persistent link: https://www.econbiz.de/10005098365
Cover Image
A gains from trade perspective on macroeconomic fluctuations
Beaudry, Paul; Portier, Franck - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic...
Persistent link: https://www.econbiz.de/10009646597
Cover Image
GDP mimicking portfolios and the cross-section of stock returns
Kroencke, Tim A.; Schindler, Felix; Sebastian, Steffen; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
The components of GDP (residential investment, durables, nondurables, equipment and software, and business structures) display a pronounced lead-lag structure. We investigate the implications of this lead-lag structure for the cross-section of asset returns. We find that the leading GDP...
Persistent link: https://www.econbiz.de/10010957652
Cover Image
Industry structure and pricing over the business cycle
Spiegel, Yossi; Stahl, Konrad - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
We consider the interaction between an incumbent firm and a potential entrant, and examine how this interaction is affected by demand fluctuations. Our model gives rise to procyclical entry, prices, and price-cost margins, although the average price in the market can be countercyclical if the...
Persistent link: https://www.econbiz.de/10010957752
Cover Image
Do business-related services really lag behind manufacturing industries in the business cycle?
Kaiser, Ulrich; Voß, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999
In an a priori view, it is usually assumed that the business cycle of manufacturing industries leads the business cycle of the service sector. This seems to be even more plausible for the relationship between business-related services, whose high growth rates in recent years were largely due to...
Persistent link: https://www.econbiz.de/10005097949
Cover Image
Short-term borrowing for long-term projects: Are family businesses more susceptible to 'irrational' financing choices?
Peters, Bettina; Westerheide, Peter - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
There are noticeable differences between the roles that various forms of credit financing play in family businesses and in other businesses. Family businesses take out more often bank loans specifically to finance investments and innovations, and they particularly often resort to the short-term...
Persistent link: https://www.econbiz.de/10008869220
Cover Image
The contribution of international R&D to firm profitability
Peters, Bettina; Schmiele, Anja - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
Innovation Survey (CIS). The empirical results demonstrate that R&D location matters for profitability. Firms with both domestic …
Persistent link: https://www.econbiz.de/10008869230
Cover Image
Open Source, ICT infrastructure and firm performance
Cerquera Dussán, Daniel; Müller, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
This paper empirically studies the impact of the adoption of open source software (OSS) on firms' labor productivity and innovative behavior. Using a representative sample of German firms, the results show that the adoption of OSS operating systems for servers and general OSS applications has no...
Persistent link: https://www.econbiz.de/10008615600