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We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison of firms in Western Germany and Eastern Germany as a transitional economy. Innovative activity has a positive impact on firm value proxied by ratings in Western Germany, but a...
Persistent link: https://www.econbiz.de/10010297541
We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison of firms in Western Germany and Eastern Germany as a transitional economy. Innovative activity has a positive impact on firm value proxied by ratings in Western Germany, but a...
Persistent link: https://www.econbiz.de/10005098291
be organized around common notions of complete markets. This paper compares two alternative modes of trade policy … analysis by juxtaposing the ?economic? view inherent in Gene Grossman?s work on ?Japan?s Innovation and Trade? with the … remarks on ?New Trade Theory?s Implications for Policy Analysis? by John Pomery. …
Persistent link: https://www.econbiz.de/10010297679
be organized around common notions of complete markets. This paper compares two alternative modes of trade policy … analysis by juxtaposing the ?economic? view inherent in Gene Grossman?s work on ?Japan?s Innovation and Trade? with the … remarks on ?New Trade Theory?s Implications for Policy Analysis? by John Pomery. …
Persistent link: https://www.econbiz.de/10005097628
market mechanism. As a response, public instruments have been implemented to stimulate private innovation activities. The … Establishment Panel and apply various microeconometric methods to estimate the effect of public measures on innovation activities of …
Persistent link: https://www.econbiz.de/10010297450
This paper investigates whether firms innovate persistently or discontinuously over time using an innovation panel data … set on German manufacturing and service firms for the period 1994?2002. We find that innovation behaviour is permanent at … innovation experience, the results further highlight the important role of knowledge provided by skilled employees and unobserved …
Persistent link: https://www.econbiz.de/10010297493
In this paper we analyse the relationship between export and innovation activities of German service sector companies … using data from the 1997 wave of the Mannheim Innovation Panel in the Service Sector. There is a lot of support for the … Schumpeterian hypothesis of export activities being mainly driven by innovation activities. Factor endowment theories are only …
Persistent link: https://www.econbiz.de/10010297651
labour market policy. A further shift from end-of-pipe technologies to cleaner production, especially towards product and …
Persistent link: https://www.econbiz.de/10010297743
rich data set. The paper shows that innovation expenditures and investments in information and communication technologies …
Persistent link: https://www.econbiz.de/10010297747
outsourcing of R&D activities to contract research organizations and its implications for innovation performance. This paper …
Persistent link: https://www.econbiz.de/10010297987