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A growing theoretical and empirical literature shows that public recognition can lead employees to exert greater effort. However, status competition is also associated with excessive expenditure on status goods, greater likelihood of bankruptcy, and more risk taking by money managers. This paper...
Persistent link: https://www.econbiz.de/10012455688
to benefit innovation more than extrinsic motives such as pay …
Persistent link: https://www.econbiz.de/10012464204
We investigate the impact of reporting regulation on corporate innovation activity. Exploiting thresholds in Europe …'s regulation and a major enforcement reform in Germany, we find that forcing a greater share of firms to publicly disclose their …
Persistent link: https://www.econbiz.de/10012480236
employees to pursue value-enhancing innovative activities. Using patents and citations as proxies for innovation, we identify … that within a country, innovation and economic growth are fostered by stringent laws governing dismissal of employees …, especially in the more innovation-intensive sectors. Firm-level tests within the United States that exploit a discontinuity …
Persistent link: https://www.econbiz.de/10012462173
innovative and unchanged products is developed and estimated using comparable firm-level data from France, Germany, Spain and the …
Persistent link: https://www.econbiz.de/10012464431
This paper compares the role innovation plays in productivity across the four European countries France, Germany, Spain … and the UK using firm-level data from the internationally harmonized Community Innovation Surveys (CIS3). Despite a … still rare. We apply a structural model that describes the link between R&D expenditure, innovation output and productivity …
Persistent link: https://www.econbiz.de/10012465938
This paper proposes a framework to account for innovation similar to the usual accounting framework in production … analysis and a measure of innovativity comparable to that of total factor productivity. This innovation accounting framework is … illustrated using micro-aggregated firm data from the first Community Innovation Surveys (CIS1) for seven European countries …
Persistent link: https://www.econbiz.de/10012466388
Using patent data from the United States, Japan, and Germany, this paper examines both the innovation and diffusion of …) standards, both Japan and Germany introduced stringent nitrogen dioxide (NOX) standards much earlier than the US. Nonetheless … environmental regulations. Moreover, any technology transfer that occurs appears to be indirect. Domestic innovation occurs even for …
Persistent link: https://www.econbiz.de/10012468050
We examine productivity growth since World War II in the five leading research economies: West Germany, France, the … present a multicountry model of technological innovation and diffusion which has the implication that, for a wide range of …
Persistent link: https://www.econbiz.de/10012473670
This article investigates how a firm's financial strength affects 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...
Persistent link: https://www.econbiz.de/10012456639