Showing 1 - 10 of 377
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 innovation-productivity link have been conducted using new internationally …
Persistent link: https://www.econbiz.de/10010297274
We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison …
Persistent link: https://www.econbiz.de/10010297541
This paper investigates whether failure in innovation at the firm level can account for cross-country heterogeneity in …, differs in a number of ways from much of the previous cross-country comparisons on the relationship between innovation and … productivity using firm-level data. First, a broader definition of innovation input is used in which research and development is …
Persistent link: https://www.econbiz.de/10010298125
Searching for externally available knowledge has been characterized as a vital part of the innovation process. The … availability of such innovation impulses, however, critically depends on the environment a firm is operating in. Little is known on … how institutional infrastructures for innovation differ with respect to the munificence in providing innovation impulses …
Persistent link: https://www.econbiz.de/10010299471
This paper analyses the determinants of employment reactions of firms when environmental innovations have been carried out. It differentiates hereby between employment increases and decreases. The data stem from a telephone survey covering more than 1500 firms in five European countries that...
Persistent link: https://www.econbiz.de/10010297743
This study examines managerial disciplining in poorly performing firms using large panels for Belgian, French, German and UK firms. We consider the monitoring role of large blockholders, the market for share blocks, creditors, and non-executive directors. Board restructuring is correlated to...
Persistent link: https://www.econbiz.de/10010297760
verbreiteten Konzept der effektiven Grenzsteuerbelastung steht. Ein Vergleich mit tariflichen Steuersätzen deutet auf steuerliche … effective marginal tax rates and thus can show whether an investment is favoured or discriminated against by a simple comparison …
Persistent link: https://www.econbiz.de/10010297763
This paper presents and compares several time-series models for returns of broadbased stock indices. These models nest a nonlinear asymmetric GARCH (NGARCH) model as a special case. Some of these models are empirically motivated ad-hoc specifications others are derived from a representative...
Persistent link: https://www.econbiz.de/10010298005
This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm?s equity or bank-debt financing investments. Using a dynamic adjustment approach identifies the determinants to capital structure between different financial systems. In...
Persistent link: https://www.econbiz.de/10010298124
This paper studies the impact of process and product innovations introduced by firms on employment growth in these firms. A simple model that relates employment growth to process innovations and to the growth of sales separately due to innovative and unchanged products is developed and estimated...
Persistent link: https://www.econbiz.de/10010298693