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An information economics perspective on main bank relationships and firm R&D

Hoewer, Daniel; Schmidt, Tobias; Sofka, Wolfgang - 2011

distributed between inventors and investors. As a result, bank lending for firm R&D has been rare. However, firms can signal the … potential to alter the risk assessment of the firm's main bank. Additionally, we explore heterogeneities in these risk … assessments arising from the industry level and the main bank's portfolio. We test our theoretical predictions for a sample of …

Persistent link: https://www.econbiz.de/10010306611

Publicly Funded R&D Collaborations and Patent Outcome in Germany

Czarnitzki, Dirk; Fier, Andreas - 2003

The stimulation of co-operations and networks has become very popular in R&D policies in recent years. This study examines the development and the impact of publicly funded R&D consortia in Germany. The paper describes the history of R&D funding in Germany with a focus on the development of...

Persistent link: https://www.econbiz.de/10010297272

Firm Level Innovation and Productivity: Is there a Common Story Across Countries?

Peters, Bettina; Lööf, Hans; Janz, Norbert - 2003

Recent studies have documented extensive heterogeneity in firm performance within countries, and innovation has been found as an important determinant. This paper addresses the issue of innovation firm performance across countries. A growing number of national firm level studies on the...

Persistent link: https://www.econbiz.de/10010297274

Three Approaches to the Evaluation of Active Labour Market Policy in East Germany Using Regional Data

Hagen, Tobias - 2003

regional job seeker rates. A dynamic labour demand estimation indicates that PT has no effects on employment and JCS leads to …

Persistent link: https://www.econbiz.de/10010297275

Measuring Selectivity-Corrected Gender Wage Gaps in the EU

Heinze, Anja; Beninger, Denis; Beblo, Miriam; Laisney, … - 2003

We investigate different techniques to assess the gender pay gap in five EU countries (France, Germany, Italy, Spain and United Kingdom), focusing on self-selection into market work. Results show that selectivity correction has an impact on both wage estimates and wage gap decomposition. If...

Persistent link: https://www.econbiz.de/10010297340

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

Evaluating the Dynamic Employment Effects of Training Programs in East Germany Using Conditional Difference-in-Differences

Speckesser, Stefan; Fitzenberger, Bernd; Bergemann, Annette - 2004

This paper evaluates the effects of Public Sponsored Training in East Germany in the context of reiterated treatments. Selection bias based on observed characteristics is corrected for by applying kernel matching based on the propensity score. We control for further selection and the presence of...

Persistent link: https://www.econbiz.de/10010297366

Education, Gender and Earnings in France and Germany: Level and Dispersion Effects

Lauer, Charlotte - 2004

This paper analyses the relationship between education, gender and earnings in France and Germany. The model chosen here enables to estimate the impact of education not only on the expected earnings level but also on their dispersion, taking gender-specific sample selectivity into account. The...

Persistent link: https://www.econbiz.de/10010297379

Using Innovation Survey Data to Evaluate R&D Policy: The Case of Belgium

Aerts, Kris; Czarnitzki, Dirk - 2004

This study focuses on the impact of R&D policies in Flanders. We conduct a treatment effects analysis at the firm level to investigate possible crowdingout effects on the input side of the innovation process. Different specifications of R&D activity are considered as outcome variables in the...

Persistent link: https://www.econbiz.de/10010297380

Identifying Effect Heterogeneity to Improve the Effiency of Job Creation Schemes in Germany?

Caliendo, Marco; Hujer, Reinhard; Thomsen, Stephan L. - 2005

Previous empirical studies of job creation schemes in Germany have shown that the average effects for the participating individuals are negative. However, we find that this is not true for all strata of the population. Identifying individual characteristics that are responsible for the effect...

Persistent link: https://www.econbiz.de/10010297430