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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
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Empirical determinants of employee resistance against innovations
Zwick, Thomas - 2000
Employee resistance against innovations is a virulent phenomenon and there is a broad theoretical literature on its determinants. The empirical evidence is scarce, however, and mainly provides descriptive evidence on the incidence of the phenomenon and concentrates on the effectiveness of change...
Persistent link: https://www.econbiz.de/10010297711
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How do banks screen innovative firms? Evidence from start-up panel data
Brown, Martin; Degryse, Hans; Höwer, Daniel; Penas, … - 2012
-up firms over the period 2007-2009, we find that high-tech startups are less likely to use bank finance and face more … difficulties in raising bank finance than low-tech start-ups. We find that external credit scores do affect the availability of …-tech start-ups than low-tech start-ups. Start-ups that have their main relation with a small bank use more bank finance and …
Persistent link: https://www.econbiz.de/10010308954
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Empirical determinants of employee resistance against innovations
Zwick, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2000
Employee resistance against innovations is a virulent phenomenon and there is a broad theoretical literature on its determinants. The empirical evidence is scarce, however, and mainly provides descriptive evidence on the incidence of the phenomenon and concentrates on the effectiveness of change...
Persistent link: https://www.econbiz.de/10005098384
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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
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Firm Level Implications of Early Stage Venture Capital Investment: An Empirical Investigation
Keilbach, Max; Engel, Dirk - 2002
The paper analyses the impact of venture capital finance on growth and innovation activities of young German firms. Among other variables, our panel of firm data includes data on venture capital funding and patent applications. With a statistical matching procedure we draw an adequate control...
Persistent link: https://www.econbiz.de/10010297278
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R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric Two-Step Selection Models
Hussinger, Katrin - 2003
This paper analyzes the effects of public R&D subsidies on R&D expenditure in the German manufacturing sector. The focus is on the question whether public R&D funding stimulates or crowds out private investment. Cross sectional data at the firm level is used. By apllying parametric and...
Persistent link: https://www.econbiz.de/10010297313
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Concubinage or Marriage? Informal and Formal Cooperations for Innovation
Keilbach, Max; Bönte, Werner - 2004
Based on a sample of German innovating firms that contains information on formal and informal innovation cooperation between customers and suppliers, we state that firms perceive informal cooperation as being more important than formal cooperation modes. We then investigate the determinants of...
Persistent link: https://www.econbiz.de/10010297327
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Determinants of Environmental Innovations in Germany: Do Organizational Measures Matter? A Discrete Choice Analysis at the Firm Level
Rennings, Klaus; Ziegler, Andreas - 2004
Based on a unique firm level data set of the German manufacturing sector, this paper provides new empirical evidence regarding the determinants of different types of environmental technological innovations. We examine particularly the effects of environmental organizational measures such as...
Persistent link: https://www.econbiz.de/10010297352
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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