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In Deutschland beanspruchen gleich zwei Ressorts, das Bundesministerium für Bildung und Forschung (BMBF) sowie das Bundesministerium für Wirtschaft und Technologie (BMWi) die Zuständigkeit für die deutsche Innovationspolitik. Dieses für den Bund offensichtlich bedeutsame Politikfeld...
Persistent link: https://www.econbiz.de/10011446955
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
the innovation process. Markets with high competition also force enterprises to produce imitative innovations but give …
Persistent link: https://www.econbiz.de/10011448648
This article investigates how a firm's financial strength affcts its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech manufacturing industries. The model incorporates a measure of the firm's financial strength, derived from its...
Persistent link: https://www.econbiz.de/10011404565
This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of …. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were … not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing …
Persistent link: https://www.econbiz.de/10010219755
and measurement approaches used in the Community Innovation Surveys. While controlling for firm size, age and sector, we …
Persistent link: https://www.econbiz.de/10011570567
The paper analyzes how geographical clustering of beneficiaries might affect the effectiveness of public innovation … facilitate innovation through knowledge spillovers and other localization advantages. Public innovation support programs may …
Persistent link: https://www.econbiz.de/10011570574
study the role that firms' and users' activities on Facebook play in the innovation process. We find that firms' adoption of … actively ask for feedback, while only negative user comments are positively and significantly related to innovation success …
Persistent link: https://www.econbiz.de/10011623206
ICT-intensive firms are often found to have a better performance than their non-ICTintensive counterparts. Along with investing in ICT capital they have to adapt their production and business processes in order to reap the potentials implied by the use of ICT. Are these firms also more resilient...
Persistent link: https://www.econbiz.de/10011701679
Monitoring by institutional investors can act as an important mechanism to promote firm innovation. By investigating … innovation. Consistent with the monitoring view, we further find that (1) the effect of institutional investors on firm patenting … robust when innovation quality is examined. …
Persistent link: https://www.econbiz.de/10011591957