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Successful innovative activity is a major contribution to the intangible capital of firms. Although its importance is generally acknowledged, the contribution to companies' profits is a priori unclear. We present the results of an empirical study on the effects of the patent stock on...
Persistent link: https://www.econbiz.de/10014223484
This paper estimates the effect of heterogeneous university funding stemming from the GermanExcellence Initiative on a regional firm’s probability to innovate by using a multi-valued two-way fixedeffects difference-in-differences model. The estimations show that funding an additional...
Persistent link: https://www.econbiz.de/10014259924
representative evidence on the impact of the economic environment on employee opposition against the implementation of an innovation … innovation is an increase in employee performance, the firm experiences higher resistance, while resistance is lower in firms … aiming at increasing the product range by the innovation. Profit and turn over expectations of the firm and the outside …
Persistent link: https://www.econbiz.de/10014031306
The present paper estimates and decomposes the employment effect of innovation by R&D intensity levels. Our micro …&D investment and firm employment, and to address important econometric issues, which is not possible in the standard estimation … by raising their R&D expenditures. Most of the jobs in the economy are created by innovation followers: increasing …
Persistent link: https://www.econbiz.de/10011983796
We provide a novel evidence about the innovation-employment nexus by decomposing it by R&D intensity in a continuous … relationship between the R&D-driven innovation and firm employment as well as address important econometric issues, which is not … possible in the standard estimation approach used in the previous literature. Our results confirm that the relationship between …
Persistent link: https://www.econbiz.de/10012053521
Persistent link: https://www.econbiz.de/10013465457
This paper aims to investigate the effect of knowledge characteristics on the total factor productivity of firms developing drugs in the pharmaceutical industry. We decompose knowledge into knowledge associated with the technological firm portfolio and knowledge related to R&D projects, which...
Persistent link: https://www.econbiz.de/10003989032
We investigate the effects of R&D investment on performance outcomes (sales growth and relative profitability) for Indian manufacturing firms. Previous research shows contradictory results - while some studies find a positive effect of R&D on firm performance, some find that firms investing in...
Persistent link: https://www.econbiz.de/10011719775
What is the interaction between competition, R&D investments, and the financing choices of R&D-intensive firms? Motivated by existing theories, we hypothesize that as competition increases, R&D-intensive firms will: (1) increase R&D investment relative to assets-in-place that support existing...
Persistent link: https://www.econbiz.de/10012937531
The interaction between product market competition, R&D investment, and the financing choices of R&D-intensive firms on the development of innovative products is only partially understood. To motivate empirical hypotheses about this interaction, we develop a model which predicts that as...
Persistent link: https://www.econbiz.de/10013249274