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Managerial Ownership, Entrenchment and Innovation

Czarnitzki, Dirk - 2014

as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying … their own interests. When entrenched, managers do not fear detrimental effects of risky innovation projects on their career …, and hence tend to over-invest into innovation …

Persistent link: https://www.econbiz.de/10013068231

Spillovers of Innovation Activities and Their Profitability

Czarnitzki, Dirk - 2015

Knowledge spillovers to competitors are regarded as an important aspect of the innovation process. While a company …

Persistent link: https://www.econbiz.de/10012707747

The Knowledge Production of 'R' and 'D'

Czarnitzki, Dirk; Kraft, Kornelius; Thorwarth, Suzanne - 2013

Many studies investigate the relationship between R&D expenditures as an input and patents as an intermediate product or output of a knowledge production function. We suggest that the productivity of research in patent production functions has been underestimated in the literature, as scholars...

Persistent link: https://www.econbiz.de/10014215973

Industrial Research Versus Development Investment : The Implications of Financial Constraints

Czarnitzki, Dirk - 2013

Persistent link: https://www.econbiz.de/10013095547

Using Innovation Survey Data to Evaluate R&D Policy : The Case of Belgium

Aerts, Kris; Czarnitzki, Dirk - 2015

to investigate possible crowdingout effects on the input side of the innovation process. Different specifications of R …

Persistent link: https://www.econbiz.de/10014070406

Innovation Subsidies : Does the Funding Source Matter for Innovation Intensity and Performance? Empirical Evidence from Germany

Czarnitzki, Dirk; Lopes-Bento, Cindy - 2014

heterogeneous treatments, distinguishing and simultaneously analyzing the effect these treatments have on innovation input and … received, EU grants have higher effects. In terms of output, holding innovation expenditures constant, funding from both …

Persistent link: https://www.econbiz.de/10014042878

Financial Constraints : Routine Versus Cutting Edge R&D Investment

Hottenrott, Hanna - 2008

We analyze financial constraints for Ramp;D, where we account for heterogeneity among investments which has been neglected in previous literature. According to economic theory, investments should be distinguished by their degree of uncertainty, e.g. routine Ramp;D versus cutting-edge Ramp;D....

Persistent link: https://www.econbiz.de/10012725826

Patents as Quality Signals? The Implications for Financing Constraints on R&D

Czarnitzki, Dirk - 2014

Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...

Persistent link: https://www.econbiz.de/10013055307

R&D Investment and Financing Constraints of Small and Medium-Sized Firms

Hottenrott, Hanna - 2013

This study tests for financial constraints on Ramp;D investment and how they differ from capital investment. To identify constraints in the access to external capital, we employ a credit rating index. Our models show that internal constraints, measured by mark-ups, are more decisive for Ramp;D...

Persistent link: https://www.econbiz.de/10012711028

The Design Paradox : The Contribution of In-House and External Design Activities on Product Market Performance

Czarnitzki, Dirk; Thorwarth, Suzanne - 2009

context of open innovation amongst scholars, policy makers and business leaders who have recognized the pronounced role of … external knowledge flows within the innovation system. Several studies have already dealt with the impact of design on general … company performance or innovation outcome. They, however, did not specifically link design to collaborative or externally …

Persistent link: https://www.econbiz.de/10014201132