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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

International stock return predictability under model uncertainty

Schrimpf, Andreas (contributor) - 2008

This paper examines return predictability when the investor is uncertain about the right state variables. A novel feature of the model averaging approach used in this paper is to account for finite-sample bias of the coefficients in the predictive regressions. Drawing on an extensive...

Persistent link: https://www.econbiz.de/10003728591

The export-growth relationship estimating a dose-response function

Fryges, Helmut (contributor) - 2006

The relationship between individual firms’ export behaviour and firm performance has been studied extensively in the economic literature. However, most studies from the field of economics only distinguish between exporting and non-exporting companies, using the firms’ export status as a...

Persistent link: https://www.econbiz.de/10003319677

Does innovation stimulate employment? : a firm-level analysis using comparable micro-data from four uropean countries

Harrison, Rupert; Jaumandreu Balanzo, Jordi; Mairesse, … - 2008

innovative and unchanged products is developed and estimated using comparable firm-level data from France, Germany, Spain and the …

Persistent link: https://www.econbiz.de/10003793866

To be financed or not : the role of patents for venture capital financing

Häussler, Carolin (contributor); … - 2009

This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents as signals when trying to assess the prospects of...

Persistent link: https://www.econbiz.de/10003806179

Skill composition and regional entrepreneurship : a comparative study between Germany and Portugal

Mendonça, Joana; Grimpe, Christoph - 2009

general as well as in technology- and knowledge-intensive subsectors. We compare Germany and Portugal which exhibit, though EU … results for Germany reveal exactly the opposite effect. These results suggest that both specialization and diversity theories …

Persistent link: https://www.econbiz.de/10003888000

From soft and hard-nosed bankers : bank lending strategies and the survival of financially distressed firms

Höwer, Daniel - 2009

Do private banks act as hard-nosed bankers when firms get financially distressed compared to public banks that have the mandate to support regional economy? For German firms in the period 2000-2005, I find that the probability of leaving the market after financial distress is higher for firms...

Persistent link: https://www.econbiz.de/10003893124

Fit and complementarity : cognitive distance and combined competence as predictors of co-operative R&D projects' outcomes in Europe

Zibell, Laurent; Allen, Peter M. - 2009

cultural features. Empirical validation was performed on 92 projects based in France, Germany and the United Kingdom in the …

Persistent link: https://www.econbiz.de/10003902965

Earnings prospects for people with migration background in Germany

Aldashev, Alisher (contributor); … - 2007

Less than half of the people with migration background living in Germany possess foreign citizenship. Hence, using … Germany lead to better earnings prospects compared to degrees obtained abroad for persons with migration background …. Independently of gender and skill level, the estimates affirm higher earnings to educational attainment in Germany. …

Persistent link: https://www.econbiz.de/10003480018

Exports and productivity growth : first evidence from a continuous treatment approach

Fryges, Helmut (contributor); Wagner, Joachim (contributor) - 2007

A recent survey of 54 micro-econometric studies reveals that exporting firms are more productive than non-exporters. On the other hand, previous empirical studies show that exporting does not necessarily improve productivity. One possible reason for this result is that most previous studies are...

Persistent link: https://www.econbiz.de/10003480022