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The R&D investment-uncertainty relationship : do competition and firm size matter?

Czarnitzki, Dirk (contributor); Toole, Andrew A. (contributor) - 2008

This paper investigates how competition and firm size affect the relationship between market uncertainty and R …

Persistent link: https://www.econbiz.de/10003650940

The effect of entry on R&D investment of leaders : theory and mpirical evidence

Czarnitzki, Dirk (contributor); Etro, Federico (contributor) - 2008

We develop a simple model of competition for the market that shows that, contrary to the Arrow view, endogenous entry …

Persistent link: https://www.econbiz.de/10003761020

R&D investment and financing constraints of small and medium-sized firms

Czarnitzki, Dirk (contributor); Binz, Hanna L. (contributor) - 2008

This study tests for financial constraints on R&D investment and how they differ from capital investment. To identify constraints in the access to external capital, we employ a credit rating index. Our models show that internal constraints, measured by mark-ups, are more decisive for R&D than...

Persistent link: https://www.econbiz.de/10003728587

Innovation success of non-R&D-performers : substituting technology by management in SMEs

Rammer, Christian (contributor); … - 2008

This paper investigates the impact of in-house R&D and innovation management practices on innovation success in small and medium-sized firms (SMEs). While there is little doubt about the significance of technology competence for generating successful innovations, inhouse R&D activities may be a...

Persistent link: https://www.econbiz.de/10003777851

R&D and firm performance in a transition economy

Czarnitzki, Dirk (contributor); Kraft, Kornelius (contributor) - 2006

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 negative impact in Eastern Germany. We also consider future … financial distress, and find that R&D in Eastern German firms leads to higher default risk, in contrast to Western Germany …

Persistent link: https://www.econbiz.de/10003328090

Patent protection, market uncertainty, and R&D investment

Czarnitzki, Dirk (contributor); Toole, Andrew A. (contributor) - 2006

The real options investment theory shows that greater uncertainty about market revenues reduces current R&D investment by increasing the value of waiting. This paper presents empirical evidence that patent protection mitigates the effect market uncertainty on R&D investment.

Persistent link: https://www.econbiz.de/10003359656

Firm heterogeneity and wages under different bargaining regimes : does a centralised union care for low-productivity firms?

Gürtzgen, Nicole (contributor) - 2009

This paper studies the relationship between wages and the degree of firm heterogeneity in a given industry under different wage setting structures. To derive testable hypotheses, we set up a theoretical model that analyses the sensitivity of wages to the variability in productivity conditions in...

Persistent link: https://www.econbiz.de/10003805643

Industrial research versus development investment : the implications of financial constraints

Czarnitzki, Dirk; Hottenrott, Hanna; Thorwarth, Susanne - 2009

Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market imperfections and special features of R&D investments. Moreover, it has been shown that a shift in capital structure towards more debt, results in a reduction of R&D investments....

Persistent link: https://www.econbiz.de/10003881344

Does professional knowledge management improve innovation performance at the firm level?

Czarnitzki, Dirk; Wastyn, Annelies - 2009

The concept of knowledge has gained in interest since industrialized economics have induced a shift in importance from labor, capital and natural resources towards intellectual resources. This study investigates how the management of knowledge influences the innovation performance of a firm....

Persistent link: https://www.econbiz.de/10003893119

Wage insurance within German firms : do institutions matter?

Gürtzgen, Nicole - 2009

Using a large linked employer-employee data set, this paper studies the extent to which employers insure workers against transitory and permanent firm-level shocks. Particular emphasis is given to the question of whether the amount of wage insurance depends on the nature of industrial relations....

Persistent link: https://www.econbiz.de/10003873008