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new ways of production that may increase productivity. So far, however, only very few studies investigated likely … productivity effects of AI at the firm-level; presumably because of lacking data. We exploit unique survey data on firms’ adoption … of AI technology and estimate its productivity effects with a sample of German firms. We employ both a cross …
Persistent link: https://www.econbiz.de/10012819685
The Internet is receiving increasing attention as a medium for technology transfer between public research and the enterprise sector. Based on a survey of public research units in natural sciences and engineering in Germany, we analyse the determinants of firm contacts established via the...
Persistent link: https://www.econbiz.de/10013428436
We utilize a new survey experiment to evaluate the existence and degree of financial constraints for R&D in the economy. The experiment does not only allow to deduct the presence of financial constraints, but also to evaluate their economic significance. Using data on German companies, we find...
Persistent link: https://www.econbiz.de/10012671880
world-first product innovations in these firms of about €16 billion, which corresponds to 18% of total sales of world …-first innovations in the German business sector. Firms that developed AI by combining in-house and external resources obtained …
Persistent link: https://www.econbiz.de/10012500899
This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity involves risk. On the one hand, the risk of firm owners is limited if their liability is limited. On the other hand credits will be more difficult to receive if liability is limited....
Persistent link: https://www.econbiz.de/10013428336
The theoretical discussion concerning the question whether the incumbent or the (potential) entrant invests more into R&D has attracted considerable interest. This paper reports the results of an empirical study on this question using data of about 3500 German firms over the years 1992 to 1995....
Persistent link: https://www.econbiz.de/10013428313
This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...
Persistent link: https://www.econbiz.de/10013428380
The COVID-19 pandemic has affected firms in many economies. Exploiting treatment heterogeneity, we use a difference-in-differences design to causally identify the short-run impact of COVID-19 on innovation spending in 2020 and expected innovation spending in subsequent years. Based on a...
Persistent link: https://www.econbiz.de/10014311916
From a firm’s perspective two competing forces are driving the decision to invest in innovation. On the one hand, innovative performance is an important driver of profitability and growth. On the other hand, investments in innovation suffer from negative externalities, i.e. spillovers to other...
Persistent link: https://www.econbiz.de/10012623469
Persistent link: https://www.econbiz.de/10001763978