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This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm's equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10011448232
This paper analyses the determinants of employment reactions of firms when environmental innovations have been carried out. It differentiates hereby between employment increases and decreases. The data stem from a telephone survey covering more than 1500 firms in five European countries that...
Persistent link: https://www.econbiz.de/10011445814
prone to increase employment, while firms that want to slash costs by innovation and compete by soft factors decrease … employment more frequently. -- Innovation ; labour demand ; discrete choice models …
Persistent link: https://www.econbiz.de/10001651170
This paper examines the links between internationalisation, innovation and productivity in service enterprises. For … this purpose, we use micro data from the Community Innovation Survey 2008 in Germany, Ireland and the United Kingdom, and … of innovation outputs in all three countries. Our results indicate that innovation in service enterprises is linked to …
Persistent link: https://www.econbiz.de/10011792372
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This paper investigates the role intangible capital plays for economic growth in different sectors in Germany. It consists of two major parts. In the first part, we aim at measuring investment in intangibles at the sector level. We shed light on differences across sectors but also compare these...
Persistent link: https://www.econbiz.de/10010385066
This article considers cognitive distance and combined competence as predictors of concrete outcomes in co-operative Research and Development projects. The operationalisation is based upon a dedicated survey, answered by matched pairs of projects managers in partnering organisations, addressing...
Persistent link: https://www.econbiz.de/10003902965
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