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Foreign competition and executive compensation in the manufacturing industry : a comparison between Germany and the U.S.

Dyballa, Katharina; Kraft, Kornelius - 2018

impact of foreign competition on managerial compensation, (2) differences in the impact between Germany and the U.S. and (3 … covering the period from 1984-2010 for Germany respectively 1992-2011 for the U.S. and apply system GMM in order to solve … Germany. A differentiation between imported intermediates (efficient sourcing strategy) and final inputs (competition) reveals …

Persistent link: https://www.econbiz.de/10011897992

Haftungsregeln und Innovation

Czarnitzki, Dirk; Kraft, Kornelius - 2000

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/10011444773

R&D and firm performance in a transition economy

Czarnitzki, Dirk (contributor); Kraft, Kornelius (contributor) - 2006

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 negative impact in Eastern Germany. We also consider future … financial distress, and find that R&D in Eastern German firms leads to higher default risk, in contrast to Western Germany …

Persistent link: https://www.econbiz.de/10003328090

Do spillovers stimulate incremental or drastic product innovations? : Hypotheses and evidence from German establishment data

Jirjahn, Uwe (contributor); Kraft, Kornelius (contributor) - 2006

We estimate the determinants of various types of product innovation. Knowledge spillovers from rivals have a positive impact on incremental innovations. This impact is largely independent of the participation in R&D cooperations. Spillovers exert no such independent influence on drastic...

Persistent link: https://www.econbiz.de/10003319674

Spillovers of innovation activities and their profitability

Czarnitzki, Dirk (contributor); Kraft, Kornelius (contributor) - 2007

Knowledge spillovers to competitors are regarded as an important aspect of the innovation process. While a company possibly benefits from incoming information on successful R&D conducted by other companies, a generally high probability of leakage of knowledge in an industry will negatively...

Persistent link: https://www.econbiz.de/10003607681

Mitarbeiteranreizsysteme und Innovationserfolg

Czarnitzki, Dirk (contributor); Kraft, Kornelius (contributor) - 2007

Wir diskutieren die Faktoren für eine erfolgreiche Umsetzung eines Systems des betrieblichen Vorschlagswesens und anderer Maßnahmen zur Stimulierung des Innovationserfolgs. Im Anschluss wird die Wirkung des betrieblichen Vorschlagswesens auf den Innovationserfolg empirisch überprüft. Als...

Persistent link: https://www.econbiz.de/10003607696

An empirical test of the asymmetric models on innovative activity : who invests more into R&D - the incumbent or the challenger?

Czarnitzki, Dirk; Kraft, Kornelius - 2000

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/10011444512

Management control and innovative activity

Czarnitzki, Dirk; Kraft, Kornelius - 2000

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/10011445230

Minimum wages and competition : the case of the German roofing sector

Kraft, Kornelius; Rammer,Christian; Gottschalk, Sandra - 2012

East Germany which point to a substantial shift in industry structure. Minimum wages decreased both market entries and … some type of evasion strategy in eastern Germany, particularly since wages for skilled roofers declined towards the minimum …

Persistent link: https://www.econbiz.de/10009675281

The effect of entry on R&D investment of leaders : theory and mpirical evidence

Czarnitzki, Dirk (contributor); Etro, Federico (contributor) - 2008

We develop a simple model of competition for the market that shows that, contrary to the Arrow view, endogenous entry threat in a market induces the average firm to invest less in R&D and the incumbent leader to invest more. We test these predictions with a Tobit model based on a unique dataset...

Persistent link: https://www.econbiz.de/10003761020