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Sources of spillovers for imitation and innovation

Cappellin, Riccardo; Czarnitzki, Dirk; Kraft, Kornelius - 2013

market (innovation). It turns out that spillovers from rivals lead to more imitation, while inputs from customers and … research institutions enhance original innovation. …

Persistent link: https://www.econbiz.de/10009787404

Profit-sharing and innovation

Aerts, Kris; Kraft, Kornelius; Lang, Julia - 2013

We investigate the effect of profit-sharing on product and process innovation. Profit-sharing is a credible commitment … that the introduction of profit-sharing only spurs product innovation. …

Persistent link: https://www.econbiz.de/10010225531

Managerial ownership, entrenchment and innovation

Beyer, Mila; Czarnitzki, Dirk; Kraft, Kornelius - 2011

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. -- Corporate governance ; managerial ownership ; entrenchment ; innovation …

Persistent link: https://www.econbiz.de/10008938024

Haftungsregeln und Innovation

Czarnitzki, Dirk; Kraft, Kornelius - 2000

This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity …

Persistent link: https://www.econbiz.de/10011444773

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

Firm leadership and innovative performance : evidence from seven EU Countries

Kraft, Kornelius; Czarnitzki, Dirk - 2002 - This Version: March 2002

This paper considers the effect of different firm leadership on the innovative performance of firms from seven EU countries. We investigate whether owner-led or manager-led firms achieve a larger share of their turnover with product innovations. Economic theory does not propose clear answers to...

Persistent link: https://www.econbiz.de/10011446303

The impact of the financial crisis on investments in innovative firms

Giebel, Marek; Kraft, Kornelius - 2015

This paper investigates the impact of the financial crisis on investment decisions in innovative versus non-innovative firms. Firms are defined as being innovative if they have introduced a new product to the market. The empirical test is based on data for the years before and after the recent...

Persistent link: https://www.econbiz.de/10011339805

Does codetermination affect the composition of variable versus fixed parts of executive compensation?

Dyballa, Katharina; Kraft, Kornelius - 2015

Contrary to previous literature we hypothesize that interests of labor may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...

Persistent link: https://www.econbiz.de/10011308423

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

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

This paper analyses the effects of minimum wages on competition in the German roofing sector. The case is particularly interesting since this sector is faced with a uniform minimum wage despite significant regional disparities in productivity and wages. As a control industry we take the plumbing...

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

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