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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

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

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

Strategic complementarities between different types of ICT-expenditures

Kaiser, Ulrich - 2003

Multivariate Tobit models are estimated using German cross?sectional data to test whether strategic complementarities exist between expenditures in four different types of ICT?components. If two ICT?components are complements, they are correlated (provided that agents act rationally)....

Persistent link: https://www.econbiz.de/10010297297

The Birth of German Biotechnology Industry: Did Venture Capital run the Show?

Heneric, Oliver; Engel, Dirk; Champenois, Claire - 2004

The goal of this paper is to point out the role played by private equity investors (venture-capital companies and corporate investors) in the emergence of a new biotechnology industry in Germany in the second half of the 90?s. This analysis takes into account the different business models and...

Persistent link: https://www.econbiz.de/10010297325

Comparing Investment and Employment Specialisation Patterns of EU Regions

Stirböck, Claudia - 2004

This study analyses relative sectoral specialisation of EU regions on the basis of investment and employment patterns. Controlling for heteroscedasticity and potential endogeneity in the econometric analysis, we find that relative specialisation in manufacturing sectors is higher in central...

Persistent link: https://www.econbiz.de/10010297368

Underdiversification in Private Companies: Required Returns and Incentive Effects

Müller, Elisabeth - 2004

Owners of private companies are often highly underdiversified which exposes them to idiosyncratic risk. We investigate the consequences of underdiversification at the company level. Information on US companies and their owners is obtained from the Survey of Consumer Finances and the Survey of...

Persistent link: https://www.econbiz.de/10010297370

Employment Effects of Different Innovation Activities: Microeconometric Evidence

Peters, Bettina - 2004

Using the model recently developed by Jaumandreu (2003) this paper reports new results on the relationship between innovation and employment growth in Germany. The model is tailor-made for analysing firm-level employment effects of innovations using specific information provided by CIS data. It...

Persistent link: https://www.econbiz.de/10010297395

Konzernsteuerquote und Invesitionsverhalten

Becker, Johannes; Fuest, Clemens; Spengel, Christoph - 2005

Kapitalmarktorientierte Unternehmen in Deutschland orientieren sich in zunehmendem Maße an der Konzernsteuerquote. Diese unterscheidet sich in wesentlichen Aspekten von den in der Forschung gängigen Maßen der effektiven Besteuerung, die auf dem neoklassischen Investitionsmodell basieren. Dies...

Persistent link: https://www.econbiz.de/10010297439

Do University Based Regions Really Attract Outside Entrepreneurs: The Case of the German Biotechnology Industry

Engel, Dirk; Heneric, Oliver - 2005

The paper tests empirically the role of knowledge stocks to explain the regional distribution of Germany?s biotechnology founders. We present an unique approach to highlight the role of knowledge spillovers as we differentiate according the local embeddedness and research affinity of founders....

Persistent link: https://www.econbiz.de/10010297473