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Industrial research versus development investment: the implications of financial constraints

Czarnitzki, Dirk; Hottenrott, Hanna; Thorwarth, Susanne - 2009

Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market imperfections and special features of R&D investments. Moreover, it has been shown that a shift in capital structure towards more debt, results in a reduction of R&D investments....

Persistent link: https://www.econbiz.de/10010299174

Die Rolle der Innovationsförderung im Aufholprozess Ostdeutschlands

Czarnitzki, Dirk; Licht, Georg - 2004

Der Beitrag untersucht die Effektivität der Innovationsförderung in den neuen Ländern. Dabei wird ein doppelter Vergleich angestellt. Zum einen analysieren wir die Auswirkungen der Förderung hinsichtlich der FuE-Anreize und der FuE-Ergebnisse durch einen Vergleich von geförderten und...

Persistent link: https://www.econbiz.de/10010297392

Evaluating the Impact of R&D Tax Credits on Innovation: A Microeconometric Study on Canadian Firms

Czarnitzki, Dirk; Hanel, Petr; Rosa, Julio Miguel - 2004

This study examines the effect of R&D tax credits on innovation activities of Canadian manufacturing firms. Over the … on a series of innovation indicators such as number of new products, sales with new products, originality of innovation … additional innovation output. …

Persistent link: https://www.econbiz.de/10010297401

R&D and Firm Performance in a Transition Economy

Czarnitzki, Dirk; Kraft, Kornelius - 2006

We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison of firms in Western Germany and Eastern Germany as a transitional economy. Innovative activity has a positive impact on firm value proxied by ratings in Western Germany, but a...

Persistent link: https://www.econbiz.de/10010297541

Do Innovation Subsidies Crowd Out Private Investment? Evidence from the German Service Sector

Czarnitzki, Dirk; Fier, Andreas - 2002

This paper analyses the impact of public innovation subsidies on private innovation expenditure. In the empirical … their innovation effort when participating in public policy schemes. Cross-sectional data at the firm level are used to …

Persistent link: https://www.econbiz.de/10010298117

Innovation subsidies: Does the funding source matter for innovation intensity and performance? Empirical evidence from Germany

Czarnitzki, Dirk; Lopes Bento, Cindy - 2011

heterogeneous treatments, distinguishing and simultaneously analyzing the effect these treatments have on innovation input and … received, EU grants have higher effects. In terms of output, holding innovation expenditures constant, funding from both …

Persistent link: https://www.econbiz.de/10010306008