affect investments in innovation projects as such projects are typically characterized by a high degree of uncertainty …, complexity and specificity. Financing innovation externally is thus likely to be more costly compared to financing of other … investment. Hence, internal sources of financing are crucial for the implementation of innovation projects. However, internal …

costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance … collaborative R&D projects in total R&D projects is associated with a higher probability of product innovation and with a higher … market success of new products. While we can confirm previous findings in terms of gains for innovation performance, we also …

Innovation is crucial to economic development. Innovation expenditures in Germany's business sector as well as public … explained by certain barriers to innovation. Increasingly important hampering factors are the lack of qualified employees and … the burden of regulation and bureaucracy. Policy measures to support Germany's innovation capacity should tackle the …