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as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying … their own interests. When entrenched, managers do not fear detrimental effects of risky innovation projects on their career …, and hence tend to over-invest into innovation. -- Corporate governance ; managerial ownership ; entrenchment ; innovation …
Persistent link: https://www.econbiz.de/10008938024
Innovation activities in the German enterprise sector showed two opposing trends over the past two decades: While total … innovation expenditures grew substantially, the number of firms conducting innovation activities fell sharply. Innovation … expenditures hence concentrate on fewer firms. In this paper we analyse the evolution of firms' innovation and R&D activities …
Persistent link: https://www.econbiz.de/10011418886
This paper investigates the drivers and the effects of the internationalisation of innovation activities in SMEs based … on a large data set of German firms covering the period 2002-2007. We look at different stages of the innovation process … resources, home market competition and innovationrelated location advantages for an SME's decision to engage in innovation …
Persistent link: https://www.econbiz.de/10003721820
This paper investigates the drivers and the effects of the internationalisation of innovation activities in SMEs based … on a large data set of German firms covering the period 2002-2007. We look at different stages of the innovation process … resources, home market competition and innovationrelated location advantages for an SME's decision to engage in innovation …
Persistent link: https://www.econbiz.de/10003751859
This paper analyses the relationship between past innovation output, competition, and future innovation input in a … results for both countries. Innovation output in t-1 as measured by the sales share of innovative products is positively …&D investments in t+1, while high substitutability exerts negative incentives for future R&D investment. -- Innovation ; R …
Persistent link: https://www.econbiz.de/10003979063