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Dynamic models of R&D, innovation and productivity : panel data evidence for Dutch and French manufacturing

Raymond, Wladimir; Mairesse, Jacques; Mohnen, Pierre A.; … - 2013

This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …

Persistent link: https://www.econbiz.de/10009764446

Microeconometric evidence of financing frictions and innovative activity

Tiwari, Amaresh K.; Mohnen, Pierre A.; Palm, Franz C.; … - 2014

Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …

Persistent link: https://www.econbiz.de/10010249680

Why entrepreneurs choose risky R&D projects : but still not risky enough

Färnstrand Damsgaard, Erika; Hjertstrand, Per; … - 2016

This paper examines how entrepreneurs and incumbents differ in R&D strategies. We show that entrepreneurs have incentives to choose projects with higher risk and a higher potential in order to reduce expected commercialization costs. However, entrepreneurs may still select too safe projects from...

Persistent link: https://www.econbiz.de/10011549385

Acquisition for sleep

Norbäck, Pehr-Johan; Olofsson, Charlotta; Persson, Lars - 2020

Within the policy debate, there is a fear that large incumbent firms buy small firms' inventions to ensure that they are not used in the market. We show that such "acquisitions for sleep" can occur if and only if the quality of a process invention is small; otherwise, the entry profit will be...

Persistent link: https://www.econbiz.de/10012162423

Innovative sales, R&D and total innovation expenditures : panel evidence on their dynamics

Raymond, Wladimir; Mohnen, Pierre A.; Palm, Franz C.; … - 2009

This paper studies the dynamic relationship between input and output of innovation in Dutch manufacturing using an … unbalanced panel of enterprise data from five waves of the Community Innovation Survey during 1994-2004. We estimate by maximum … persistence of innovation input and innovation output, a lag effect of the former on the latter and a feedback effect of the …

Persistent link: https://www.econbiz.de/10003861859

The behavior of the maximum likelihood estimator of dynamic panel data sample selection models

Raymond, Wladimir; Mohnen, Pierre A.; Palm, Franz C.; … - 2007

Persistent link: https://www.econbiz.de/10003497689

Persistence of innovation in Dutch manufacturing : is it spurious?

Raymond, Wladimir; Mohnen, Pierre A.; Palm, Franz C.; … - 2006

This paper studies the persistence of innovation and the dynamics of innovation output in Dutch manufacturing using … firm data from three waves of the Community Innovation Surveys (CIS), pertaining to the periods 1994-1996, 1996-1998, and …

Persistent link: https://www.econbiz.de/10003301189

Creative destruction and productive preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2013

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … are shown to be solved by verification through entry for sale. -- acquisitions ; entrepreneurship ; innovation ; start …

Persistent link: https://www.econbiz.de/10009691699

An empirically-based taxonomy of Dutch manufacturing : innovation policy implications

Raymond, Wladimir; Mohnen, Pierre A.; Palm, Franz C.; … - 2004

industries. The same pattern shows up in the three Dutch Community Innovation Surveys. …

Persistent link: https://www.econbiz.de/10011449855

Entrepreneurial innovations and taxation

Haufler, Andreas; Norbäck, Pehr-Johan; Persson, Lars - 2011

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale … desire of governments to foster risky 'breakthrough' innovations. -- business taxation ; innovation ; market entry …

Persistent link: https://www.econbiz.de/10009130215