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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
number of national firm level studies on the innovation-productivity link have been conducted using new internationally …, innovation output and productivity, we find to a very large extent a common cross-country story for knowledge intensive …Recent studies have documented extensive heterogeneity in firm performance within countries, and innovation has been …
Persistent link: https://www.econbiz.de/10010297274
The missing effect of investments of firms in information and communication technologies on productivity is studied by …) has a stronger effect on the quality of services than on the productivity of the IT-using firm. IT investment seems to be … especially the most recent generation of IT as indicated by the number of PCs used is the source of productivity growth whereas …
Persistent link: https://www.econbiz.de/10010297561
estimates for an extended production function framework reveal significant productivity effects of ICT in the German service … productivity differentials between firms. …
Persistent link: https://www.econbiz.de/10010297958
This paper aims to shed light on firm specific drivers that lead firms to internationalise their innovation activities …’s competitive environment and the influence of innovation obstacles in the home country. In particular, the role of … driving forces are used to observe their impact on the decision to locate innovation activities in various countries and …
Persistent link: https://www.econbiz.de/10010299465
This study focuses on the effect of public funding on internal R&D investment and on total innovation intensity on a …, our estimation also takes into account the 'treatment effects on the untreated'. This estimation enables us to assess … whether or not governments could further foster R&D activities by extending innovation policies to currently not supported …
Persistent link: https://www.econbiz.de/10010302597
the dual apprenticeship system-increase or not. In addition, estimation and data problems are addressed in a topical and … rich data set. The paper shows that innovation expenditures and investments in information and communication technologies …
Persistent link: https://www.econbiz.de/10010297747
Based on a sample of German innovating firms that contains information on formal and informal innovation cooperation … cooperations are the innovation dynamics at the industry level. Firms who operate an R&D department and firms who are involved in …
Persistent link: https://www.econbiz.de/10010297327
We estimate the determinants of various types of product innovation. Knowledge spillovers from rivals have a positive … exert no such independent influence on drastic innovation activities. The results support the hypothesis that establishments …
Persistent link: https://www.econbiz.de/10010297531
This paper deals with the effects of publicly funded research at universities, polytechnics and federal research labs on industrial innovations in Germany. We discuss the characteristics of companies that benefit from the findings of public research institutions. In questioning 2,300 companies...
Persistent link: https://www.econbiz.de/10010297597