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This paper investigates the role intangible capital plays for economic growth in different sectors in Germany. It … consists of two major parts. In the first part, we aim at measuring investment in intangibles at the sector level. We shed … light on differences across sectors but also compare these figures with investment in physical capital and with investment …
Persistent link: https://www.econbiz.de/10010385066
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Owners of private companies often invest a substantial share of their net worth in one company, which exposes them to idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of higher returns to equity. Exposure to...
Persistent link: https://www.econbiz.de/10003888739
This study focuses on the effect of public funding on internal R&D investment and on total innovation intensity on a …, our estimation also takes into account the “treatment effects on the untreated”. This estimation enables us to assess …
Persistent link: https://www.econbiz.de/10008665042
Owners of private companies often invest a substantial share of their net worth in one company, which exposes them to idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of higher returns to equity. Exposure to...
Persistent link: https://www.econbiz.de/10003670939
Owners of private companies often invest a substantial share of their net worth in one company, which exposes them to idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of higher returns to equity. Exposure to...
Persistent link: https://www.econbiz.de/10003922530
’s decision to invest in R&D and quantify the cost and longrun benefit of this investment. The model incorporates and quantifies … linkages between the firm’s R&D investment, product and process innovations, and future productivity and profits. The dynamic …&D investment. For the median productivity firm, investment in R&D raises firm value by 3.0 percent in a group of hightech …
Persistent link: https://www.econbiz.de/10010203640
applied to an Euler equation model of firm investment behaviour with imperfectly competitive product markets for a small panel … constants are provided. Whereas the estimation results from the usual GMM estimator would contradict the theory, the empirical …
Persistent link: https://www.econbiz.de/10011440610
capital in the past. The conclusion is that within EMU domestic saving and investment will be less correlated than they were …
Persistent link: https://www.econbiz.de/10011442627