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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

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&D investment. We use an intuitively appealing measure of firm-specific uncertainty along with panel data to show that firms invest less in current R&D as uncertainty about market...

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

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

Rammer, Christian (contributor); … - 2008

innovation success if they effectively apply human resource management tools or team work to facilitate innovation processes. …

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

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

The KfW/ZEW start-up panel : design and research potential

Fryges, Helmut; Gottschalk, Sandra; Kohn, Karsten - 2009

So far, there has been no data set which observes firm formations in Germany not only on a cross-sectional basis using … Bankengruppe and Creditreform set up a panel study of newly founded firms in Germany: the KfW/ZEW Start-up Panel. In each of the … ; panel data ; Germany …

Persistent link: https://www.econbiz.de/10003881571

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

Heterogeneity of patenting activity and its implications for scientific research

Czarnitzki, Dirk (contributor); … - 2007

publishing distinguishing between different types of patents for a large sample of professors active in Germany. Our results show …

Persistent link: https://www.econbiz.de/10003479951

Evaluation of public R&D policies : a cross-country comparison

Czarnitzki, Dirk; Lopes Bento, Cindy - 2010

Belgien, Deutschland und Luxemburg verwendet. Zusätzlich stehen CISharmonisierte Informationen aus Südafrika zur Verfügung …

Persistent link: https://www.econbiz.de/10008665042