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&D investment. We use an intuitively appealing measure of firm-specific uncertainty along with panel data to show that firms invest …&D investment is smaller in concentrated markets – those where market power is higher and strategic rivalry is more intense. Further …, the effect of uncertainty on R&D investment is attenuated for large firms which may be the result greater economies of …
Persistent link: https://www.econbiz.de/10010297999
&D investment. We use an intuitively appealing measure of firm-specific uncertainty along with panel data to show that firms invest …&D investment is smaller in concentrated markets – those where market power is higher and strategic rivalry is more intense. Further …, the effect of uncertainty on R&D investment is attenuated for large firms which may be the result greater economies of …
Persistent link: https://www.econbiz.de/10005097745
functions. Testing for a common regulation-investment effect provides evidence that the negative investment externality is not …
Persistent link: https://www.econbiz.de/10010299497
This paper examines the role of alternative assumptions on savings and expectations for the fixwage traverse with strong forward biased technological change. After briefly outlining the model, some peculiarities of the adjustment path under the Hicksian Q-Assumption are investigated....
Persistent link: https://www.econbiz.de/10010297691
In the discussion on innovations for sustainable development, radical innovations are frequently called for in order that the transformation of society to a system perceived as sustainable can succeed. The reason given for this is the greater environmental efficiency of these innovations. This...
Persistent link: https://www.econbiz.de/10010298793
We develop a simple model of competition for the market that shows that, contrary to the Arrow view, endogenous entry threat in a market induces the average firm to invest less in R&D and the incumbent leader to invest more. We test these predictions with a Tobit model based on a unique dataset...
Persistent link: https://www.econbiz.de/10010298655
This study examines the consequences of loan denials for the investment performance of small and medium-sized German … investment than non-innovative companies. The non-randomness of loan denials is controlled for with a selection equation …
Persistent link: https://www.econbiz.de/10010300385
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
Der Beitrag untersucht, inwieweit hinter der oft konstatierten Investitionsschwäche der europäischen Wirtschaft eine Strukturverschiebung von materiellen zu immateriellen Investitionen steht. Da letztere nur zum Teil unter den Investitionsbegriff der Volkswirtschaftlichen Gesamtrechnung...
Persistent link: https://www.econbiz.de/10011460764
Dieser Beitrag untersucht die Beziehung verschiedener Konzepte von investiven Ausgaben in Unternehmen, ihre Verbindung zu Innovationen und die Faktoren, die Innovations- und Investitionsentscheidungen von Unternehmen beeinflussen. Neben dem traditionellen Investitionsbegriff, der sich...
Persistent link: https://www.econbiz.de/10010310986