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It is known that small firms rely mainly on the CEO’s individual knowledge for developing innovations. Recent work suggests that this approach is inefficient since it underutilizes other employees’ knowledge. We study to which extent using CEOs, managers and non-managerial employees’ ideas...
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This paper explores the impact of R&D subsidies on the concentration of R&D in an economy. First, governments are often criticized of subsidizing predominantly larger firms and thus contribute to persistence of leadership in markets and higher barriers to entry, and, hence, reduced competition...
Persistent link: https://www.econbiz.de/10008701446
This study examines the consequences of loan denials for the investment performance of small and medium-sized German enterprises. As a consequence of a loan denial, innovative companies experience a smaller drop in the share of actual to planned investment than non-innovative companies. The...
Persistent link: https://www.econbiz.de/10003961525
Die schwere Wirtschaftskrise 2008/09 hatte substanzielle Auswirkungen auf die Innovationstätigkeit der deutschen Wirtschaft. Die Umsatz- und Gewinneinbußen führten zu einem kräftigen Rückgang der Innovationsausgaben. Davon waren primär Investitionen für neue Produkte und verbesserte...
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performance of small and medium-sized enterprises (SMEs). We evaluate the effectiveness of regional, national and European funding … a significant positive effect on SMEs' export performance. For funding programs run by regional authorities, we find … results suggest that public innovation programs should challenge SMEs to go for more ambitious innovations in order to …
Persistent link: https://www.econbiz.de/10011566487
This contribution is concerned with the spread of new products in small and medium-sized enterprises in the manufacturing sector. Based on an empirical study it is analyzed according to which factors planned product launches are either genuine market novelties or products that are new from the...
Persistent link: https://www.econbiz.de/10011448648
R&D collaboration facilitates pooling of complementary skills, learning from the partner as well as sharing risks and … gains from collaboration can be high initially, cost may start to outweigh those benefits if firms engage in multiple … collaborative projects simultaneously. This study explicitly considers a firm's collaboration intensity, that is, the share of …
Persistent link: https://www.econbiz.de/10010440100