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Regional Growth Regimes Revisited - The Case of West Germany

Fritsch, Michael; Mueller, Pamela - 2004

Audretsch and Fritsch (2002) proposed two explanations for the mixed evidence regarding the relationship between new firm formation and regional development. Firstly, they found evidence for the existence of long time lags needed before the main effects of new firm formation on employment change...

Persistent link: https://www.econbiz.de/10010261485

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

Capital Control, Debt Financing and Innovative Activity

Czarnitzki, Dirk - 2014

innovation, i.e. weakly controlled managers show a higher innovation propensity. However, the higher the leverage the more …

Persistent link: https://www.econbiz.de/10012710126

Profit-Sharing and Innovation

Aerts, Kris - 2014

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/10013060795

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

Do Spillovers Stimulate Incremental or Drastic Product Innovations? Hypotheses and Evidence from German Establishment Data

Kraft, Kornelius; Jirjahn, Uwe - 2014

We estimate the determinants of various types of product innovation. Knowledge spillovers from rivals have a positive … exert no such independent influence on drastic innovation activities. The results support the hypothesis that establishments …

Persistent link: https://www.econbiz.de/10014027138

Subsidies and Innovation in the Recent Financial Crisis

Giebel, Marek; Kraft, Kornelius - 2022

We analyze the impact of subsidies on R&D expenditures in the financial crisis and beyond. The financial crisis has led to considerable turmoil in financing and, as a result, to restrictions of firms' access to external financing. Utilizing this fact, we identify and analyze financing...

Persistent link: https://www.econbiz.de/10013309766

The Impact of the Financial Crisis on Investments in Innovative Firms

Giebel, Marek - 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/10013014643

External Financing Constraints and Firm's Innovative Activities During the Financial Crisis

Giebel, Marek - 2017

innovation activities of their business customers. Individual banks' liquidity shocks are identified by the degree of interbank … total innovation expenditures in comparison to the periods before. Our results imply that those firms which have a business … relation to a bank with higher interbank market reliance reduce their innovation activities during the financial crisis to a …

Persistent link: https://www.econbiz.de/10012941280