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knowledge spillovers are unmeasurable, a 'goodness of fit' measure is constructed using innovation survey data. It turns out … that measures of the uncentered correlation of firm characteristics seem to fit actual knowledge spillovers best. Direct …
Persistent link: https://www.econbiz.de/10011443497
-cooperating firms if spillovers are sufficiently large. The degree of market competition is a key determinant of the effects of research … cooperation on research efforts, implying that existing models which assume perfect competition might be too restrictive. …
Persistent link: https://www.econbiz.de/10011446080
the Third Community Innovation Survey from Germany, we focus on the role of spillovers in explaining R&D cooperation. We …This paper analyzes the determinants of R&D co-operation among German manufacturing firms. Using firm level data from … two-step estimation procedure, we find a positive effect of knowledge flows on the probability of R&D co-operation in most …
Persistent link: https://www.econbiz.de/10002821369
Several reviews and impact assessment studies have concluded that the Sixth Framework Programme for Research and Technological Development (FP6) succeeded in fostering scientific excellence and attracting the “A Team” in public science. However, these studies typically fail to contrast their...
Persistent link: https://www.econbiz.de/10003969874
We estimate the effect of R&D spillovers on sales realized by products new to the firm (imitation) and new to the … market (innovation). It turns out that spillovers from rivals lead to more imitation, while inputs from customers and …
Persistent link: https://www.econbiz.de/10009787404
This paper develops a three stage oligopoly game for R&D cooperation, R&D expenditure and product market competition …. In the first stage, firms decide whether or not to conduct R&D in cooperation with other firms. In the second stage the … R&D cooperation only considered process innovation, the model presented here also takes product innovation into account …
Persistent link: https://www.econbiz.de/10011441694
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
This paper explores the contribution of design activities on product market performance of Belgian companies. While there is mounting evidence that design can be seen as a strategic tool to successfully spur sales of new product developments at the firm level, the topic of design innovation has...
Persistent link: https://www.econbiz.de/10003893121
The viability of modern open science norms and practices depend on public disclosure of new knowledge, methods, and materials. However, increasing industry funding of research can restrict the dissemination of results and materials. We show, through a survey sample of 837 German scientists in...
Persistent link: https://www.econbiz.de/10010258809
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010341887