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On the Profitability of Innovative Assets

Kraft, Kornelius; Czarnitzki, Dirk - 2004

Successful innovative activity is a major contribution to the intangible capital of firms. Although its importance is generally acknowledged, the contribution to companies? profits is a priori unclear. We present the results of an empirical study on the effects of the patent stock on...

Persistent link: https://www.econbiz.de/10010297363

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

Capital Control, Debt Financing and Innovative Activity

Czarnitzki, Dirk; Kraft, Kornelius - 2004

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

Persistent link: https://www.econbiz.de/10010297397

License Expenditures of Incumbents and Potential Entrants: An Empirical Analysis of Firm Behavior

Czarnitzki, Dirk; Kraft, Kornelius - 2005

variables the motives for innovation expenditures are also taken into account. We differentiate between firms which intend to …

Persistent link: https://www.econbiz.de/10010297441

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

Jirjahn, Uwe; Kraft, Kornelius - 2006

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 … face difficulties in using knowledge that comes from areas they are not familiar with. Establishments exploit spillovers …

Persistent link: https://www.econbiz.de/10010297531

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

Innovation and Information Technology in Services

Licht, Georg; Moch, Dietmar - 1997

The missing effect of investments of firms in information and communication technologies on productivity is studied by various recent papers (e.g. Oliner and Sichels 1994, Landauer 1995, Brynjolfsson and Hitt 1996). Several explanations are given for this missing link. Our paper deals with two...

Persistent link: https://www.econbiz.de/10010297561

Measuring the impact of innovation on firm value: a new approach

Kraft, Kornelius; Czarnitzki, Dirk - 2002

Most of the existing empirical literature on the relationship of firm value and knowledge capital is based on the stock …. It turns out that innovative firms, i.e. those with a reasonable knowledge stock, have a better credit rating and thus …

Persistent link: https://www.econbiz.de/10010297699

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/10010297701

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/10010297732