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R&D and Firm Performance in a Transition Economy
Czarnitzki, Dirk; Kraft, Kornelius - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006
We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison of firms in Western Germany and Eastern Germany as a transitional economy. Innovative activity has a positive impact on firm value proxied by ratings in Western Germany, but a...
Persistent link: https://www.econbiz.de/10005098291
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Competing internationally: On the importance of R&D for export activity
Czarnitzki, Dirk; Wastyn, Annelies - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
Export is an important factor to improve growth and welfare especially for industrialized small, open economies such as … Belgium. Policy may be interested in key variables that can influence export. This paper finds evidence for the importance of … R&D for export activities using Belgian firm-level data. To control for reverse causality, R&D-subsidy variables are …
Persistent link: https://www.econbiz.de/10008694125
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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
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Collaborative R&D as a strategy to attenuate financing constraints
Czarnitzki, Dirk; Hottenrott, Hanna - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
The ability of firms to establish R&D collaborations that combine resources, exploit complementary know-how, and internalize R&D externalities has been shown to be of high importance for the successful creation and implementation of new knowledge. We argue in this article that collaborative R&D...
Persistent link: https://www.econbiz.de/10010957620
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Intellectual property box regimes: Effective tax rates and tax policy considerations
Evers, Lisa; Miller, Helen; Spengel, Christoph - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
11 European countries now operate IP Box regimes that provide substantially reduced rates of corporate tax for income derived from important forms of intellectual property. We incorporate these policies into forward-looking measures of the cost of capital, effective marginal tax rates and...
Persistent link: https://www.econbiz.de/10010957635
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The impact of R&D subsidies during the crisis
Hud, Martin; Hussinger, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
This study investigates the impact of R&D subsidies on R&D investment during the past financial crisis. We conduct a treatment effects analysis and show that R&D subsidies increased R&D spending among subsidized small and medium sized firms in Germany during the crisis years. In the first crisis...
Persistent link: https://www.econbiz.de/10010957640
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(International) R&D collaboration and SMEs: The effectiveness of targeted public R&D support schemes
Hottenrott, Hanna; Lopes-Bento, Cindy - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
This study analyses the effectiveness of targeted public support for R&D investment. In particular, we test whether the specific policy design aiming at incentivizing (international) collaboration and R&D in small and mediumsized firms achieves the desired objectives on input as well as output...
Persistent link: https://www.econbiz.de/10010957685
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Intellectual property box regimes: Effective tax rates and tax policy considerations
Evers, Lisa; Miller, Helen; Spengel, Christoph - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
11 European countries now operate IP Box regimes that provide substantially reduced rates of corporate tax for income derived from important forms of intellectual property. We incorporate these policies into forward-looking measures of the cost of capital, effective marginal tax rates and...
Persistent link: https://www.econbiz.de/10010957709
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Research grants, sources of ideas and the effects on academic research
Hottenrott, Hanna; Lawson, Cornelia - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
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
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Innovation subsidies: Does the funding source matter for innovation intensity and performance? Empirical evidence from Germany
Czarnitzki, Dirk; Lopes Bento, Cindy - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
Applying a variant of a non-parametric matching estimator, we consider European funding and national funding as heterogeneous treatments, distinguishing and simultaneously analyzing the effect these treatments have on innovation input and performance. In terms of input, getting funding from both...
Persistent link: https://www.econbiz.de/10009283663