Showing 1 - 10 of 178
R&D cooperation only considered process innovation, the model presented here also takes product innovation into account … main hypothesis of our theoretical model are tested in the empirical part of this paper. …
Persistent link: https://www.econbiz.de/10001604531
We follow the idea of exploiting cross-sectional information to improve recession probability forecasts by aggregating indicator-specific turning point predictions to obtain economy-wide recession probabilities. This stands in contrast to most of the relevant literature, which relies on an...
Persistent link: https://www.econbiz.de/10012179657
inconsistent results when events were sold out, we take this restriction implicitly in consideration by using a Tobit model. In … the consumer perspective, the information gained though this model can also serve as a management tool for football clubs …
Persistent link: https://www.econbiz.de/10013428270
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
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 literature on skill-biased technological change concentrates on highly skilled and unskilled employees. It is unclear, however, if the employment opportunities of the majority of the labour force in Germany-employees with a degree from the dual apprenticeship system-increase or not. In...
Persistent link: https://www.econbiz.de/10013428396
to get public grants in the future. Empirically, it turns out that public grants raise the firms' privately financed … innovative activities. The more grants a firm has received in the past, the more it invests in current innovation projects …. Furthermore, innovating firms are more likely to have future access to public grants. Additionally, the share of university …
Persistent link: https://www.econbiz.de/10013428401
Powell's (1984) Censored Least Absolute Deviations estimator (CLAD). Furthermore, results of ordered probit models show that …
Persistent link: https://www.econbiz.de/10013428429
We consider the development of German federal research and technology (R&T) policies since the 1960s and sketch the evolution of today's highly differentiated and complex set of policy instruments. Advances from economic theory and empirical results are reflected in this evolution, but have not...
Persistent link: https://www.econbiz.de/10014461006
economy was in a liquidity trap in the prolonged recession. We will use the EGARCH model to quantify the financial anxieties …
Persistent link: https://www.econbiz.de/10012502971