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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
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
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
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
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
systems of innovation lead to the conclusion that countries differ in the way in which knowledge flows and that innovation … importance of the interactions and linkages among acteurs and institutions involved in innovation and technology development of a … country and calls such a web of interaction a national innovation system. The theoretical and empirical analyses on national …
Persistent link: https://www.econbiz.de/10010297556
This paper deals with the innovation behavior and the R&D activities at the firm level in East Germany. The theoretical … innovation and R&D lack at the firm level. …
Persistent link: https://www.econbiz.de/10010297582
In the following paragraphs we will discuss the ?mapping of innovative clusters in national innovation systems?. For … Innovation Survey (which is comparable with CIS data). The Community Innovation Survey (CIS) is an initiative of the EU … innovation systems, highlight the outline conditions for innovations in Germany, focusing above all on the basis of innovations …
Persistent link: https://www.econbiz.de/10010297603
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
This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity …
Persistent link: https://www.econbiz.de/10010297701