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Dynamic Optimal Capital Structure and Technological Change
Lööf, Hans - 2003
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
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End-of-Pipe or Cleaner Production? An Empirical Comparison of Environmental Innovation Decisions Across OECD Countries
Frondel, Manuel; Horbach, Jens; Rennings, Klaus - 2004
While both fundamental types of abatement measures mitigate the adverse environmental impacts of production, cleaner production technologies are frequently more advantageous than end-of-pipe technologies for environmental and economic reasons. This paper analyzes a variety of factors that might...
Persistent link: https://www.econbiz.de/10010297406
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End-of-Pipe or Cleaner Production? An Empirical Comparison of Environmental Innovation Decisions Across OECD Countries
Frondel, Manuel; Horbach, Jens; Rennings, Klaus - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004
While both fundamental types of abatement measures mitigate the adverse environmental impacts of production, cleaner production technologies are frequently more advantageous than end-of-pipe technologies for environmental and economic reasons. This paper analyzes a variety of factors that might...
Persistent link: https://www.econbiz.de/10005097871
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Integrated Product Policy and Environmental Product Innovations: An Empirical Analysis
Rehfeld, Katharina-Maria; Rennings, Klaus; Ziegler, Andreas - 2004
The European Commission has recently stepped up its promotion of the ?Integrated Product Policy?. The objective of the IPP is to support the realisation of environmental product innovations and thus to achieve a broad reduction of all environmental impacts throughout a product?s life cycle....
Persistent link: https://www.econbiz.de/10010297394
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How do workers adjust when firms adopt new technologies?
Genz, Sabrina; Gregory, Terry; Janser, Markus; Lehmer, … - 2021
We investigate how workers adjust to firms' investments into new digital technologies, including artificial intelligence, augmented reality, or 3D printing. For this, we collected novel data that links survey information on firms' technology adoption to administrative social security data. We...
Persistent link: https://www.econbiz.de/10012625070
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Artificial intelligence and industrial innovation: Evidence from firm-level data
Rammer, Christian; Fernández, Gastón P.; Czarnitzki, Dirk - 2021
Artificial Intelligence (AI) represents a set of techniques that enable new ways of innovation and allows firms to … new business models. This paper analyses the extent to which the use of AI contributes to the innovation performance of … firms. Based on firm-level data from the German part of the Community Innovation Survey (CIS) 2018, we examine the …
Persistent link: https://www.econbiz.de/10012502953
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The employment impact of cleaner production on the firm level: empirical evidence from a survey in five European countries
Rennings, Klaus; Zwick, Thomas - 2001
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
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New technologies and the demand for medium qualified labour in Germany
Jacobebbinghaus, Peter; Zwick, Thomas - 2001
rich data set. The paper shows that innovation expenditures and investments in information and communication technologies …
Persistent link: https://www.econbiz.de/10010297747
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Policy-induced environmental technology and incentive efforts: Is there a crowding out?
Hottenrott, Hanna; Rexhäuser, Sascha - 2013
innovation is a crucial productivity driver, a potential crowding out of inventive efforts could increase the cost of mitigating …. However, we do not find negative effects on the number of ongoing R&D projects, investments in innovation-related fixed assets … or on the outcome of innovation projects. Likewise, for firms with subsidy-backed environmental innovations no crowding …
Persistent link: https://www.econbiz.de/10010327790
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A global decline in research productivity? Evidence from China and Germany
Böing, Philipp; Hünermund, Paul - 2020
In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U.S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm-level data spanning three decades. Our results indicate that...
Persistent link: https://www.econbiz.de/10012290495