Narrow search
Showing 1 - 10 of 197
Cover Image
Loan availability and investment: Can innovative companies better cope with loan denials?
Mueller, Elisabeth; Reize, Frank - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
This study examines the consequences of loan denials for the investment performance of small and medium-sized German enterprises. As a consequence of a loan denial, innovative companies experience a smaller drop in the share of actual to planned investment than non-innovative companies. The...
Persistent link: https://www.econbiz.de/10008494188
Cover Image
An information economics perspective on main bank relationships and firm R&D
Hoewer, Daniel; Schmidt, Tobias; Sofka, Wolfgang - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...
Persistent link: https://www.econbiz.de/10009323616
Cover Image
Drivers for international innovation activities in developed and emerging countries
Schmiele, Anja - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
used to observe their impact on the decision to locate innovation activities in various countries and regions (China …This paper aims to shed light on firm specific drivers that lead firms to internationalise their innovation activities …’s competitive environment and the influence of innovation obstacles in the home country. In particular, the role of the potential …
Persistent link: https://www.econbiz.de/10008469767
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
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
Cover Image
The impact on innovation off-shoring on organizational adaptability
Baier, Elisabeth; Rammer, Christian; Schuber, Torben - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
We analyze the effects of captive off-shoring of innovation activities on the firms' ability to adapt their … Community Innovation Survey to test our hypotheses. We find an inverted u-shape of innovation off-shoring on the effectiveness … of organizational adaptability, implying an optimal threshold value of innovation off-shoring. This value is 11% for …
Persistent link: https://www.econbiz.de/10010957583
Cover Image
Do trademarks diminish the substitutability of products in innovative knowledge-intensive services?
Crass, Dirk; Schwiebacher, Franz - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
Trademarks are often supposed to reduce substitutability and imitability of product innovations. Using German CIS data for 2010, we provide empirical evidence that trademarking firms assess easy product substitutability as less characteristic for their competitive environment. This is...
Persistent link: https://www.econbiz.de/10010957593
Cover Image
How important is industry-specific managerial experience for innovative firm performance?
Balsmeier, Benjamin; Czarnitzki, Dirk - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
This study examines how industry-specific managerial experience affects firms' innovation performance in the context of …
Persistent link: https://www.econbiz.de/10010957603
Cover Image
Innovative capability and financing constraints for innovation: More money, more innovation?
Hottenrott, Hanna; Peters, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012
This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of …. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were … not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing …
Persistent link: https://www.econbiz.de/10010957615
Cover Image
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
Using firm-level data from the German manufacturing sector, we estimate a dynamic, structural model of the firm'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...
Persistent link: https://www.econbiz.de/10010957646