Showing 1 - 10 of 21
This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of … they selected additional innovation projects, they must have had some unexploited investment opportunities that were not … profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing, but also to …
Persistent link: https://www.econbiz.de/10011009939
This paper examines how foreign-owned and domestically owned firms transform innovation into employment growth. The … between the two groups: Due to general productivity increases and process innovation, foreign-owned firms experience higher … job losses than domestically owned firms. At the same time, employment-creating effects of product innovation are larger …
Persistent link: https://www.econbiz.de/10010729632
This paper examines the links between innovation and productivity in service enterprises. For this purpose, we use … micro data from the Community Innovation Survey 2008 in Germany, Ireland and the United Kingdom, and estimate an augmented … structural model. Our results indicate that innovation in service enterprises is linked to higher productivity. In all three …
Persistent link: https://www.econbiz.de/10011183308
This paper examines how foreign-owned and domestically owned firms transform innovation into employment growth. The …, reveals important differences between the two groups: Due to general productivity increases and process innovation, foreign … innovation are larger for foreignowned firms. Together with employment-stimulating effects stemming from existing products, they …
Persistent link: https://www.econbiz.de/10010957608
This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of …. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were … not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing …
Persistent link: https://www.econbiz.de/10010957615
Using firm-level data from the German manufacturing sector, we estimate a dynamic, structural model of the firm'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...
Persistent link: https://www.econbiz.de/10010957646
This paper investigates whether firms innovate persistently or discontinuously over time using an innovation panel data … set on German manufacturing and service firms for the period 1994-2002. We find that innovation behaviour is permanent at … innovation experience, the results further highlight the important role of knowledge provided by skilled employees and unobserved …
Persistent link: https://www.econbiz.de/10005118744
We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is modelled as a lottery between a decrease and...
Persistent link: https://www.econbiz.de/10011256227
We study different determinants of real-life R&D decisions within a net present value framework. Besides entry threat, Bertrand competition and multi-stage R&D with an abandonment option, our model includes demand uncertainty, modelled as a lottery. A lottery becomes more divergent when the...
Persistent link: https://www.econbiz.de/10011195722
This paper investigates empirically rm investment behavior in research and development (R&D). Firms make investments in R&D in order to produce innovations. These innovations in turn improve the rm s future productivity level, pro tability and incentives to invest in R&D. Using German rm-level...
Persistent link: https://www.econbiz.de/10010958052