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The Effect of Entry on R&D Investment of Leaders: Theory and Empirical Evidence
Czarnitzki, Dirk; Etro, Federico Gabriele; Kraft, Kornelius - 2008
predictions with a Tobit model based on a unique dataset and survey for the German manufacturing sector (the Mannheim Innovation …
Persistent link: https://www.econbiz.de/10010298655
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The Effect of Entry on R&D Investment of Leaders: Theory and Empirical Evidence
Czarnitzki, Dirk; Etro, Federico; Kraft, Kornelius - Dipartimento di Economia, Metodi Quantitativi e … - 2009
(the Mannheim Innovation Panel). In line with our predictions, endogenous entry threats perceived by the firms reduce R …
Persistent link: https://www.econbiz.de/10004962205
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The Effect of Entry on R&D Investment of Leaders: Theory and Empirical Evidence
Czarnitzki, Dirk; Etro, Federico Gabriele; Kraft, Kornelius - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
predictions with a Tobit model based on a unique dataset and survey for the German manufacturing sector (the Mannheim Innovation …
Persistent link: https://www.econbiz.de/10005097509
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Sources of spillovers for imitation and innovation
Cappellin, Riccardo; Czarnitzki, Dirk; Kraft, Kornelius - 2013
market (innovation). It turns out that spillovers from rivals lead to more imitation, while inputs from customers and … research institutions enhance original innovation. …
Persistent link: https://www.econbiz.de/10009787404
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On the Profitability of Innovative Assets
Kraft, Kornelius; Czarnitzki, Dirk - 2004
firms and we use a number of control variables including measures of competition and firm leadership. It turns out that the …
Persistent link: https://www.econbiz.de/10010297363
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Capital Control, Debt Financing and Innovative Activity
Czarnitzki, Dirk; Kraft, Kornelius - 2004
innovation, i.e. weakly controlled managers show a higher innovation propensity. However, the higher the leverage the more …
Persistent link: https://www.econbiz.de/10010297397
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License Expenditures of Incumbents and Potential Entrants: An Empirical Analysis of Firm Behavior
Czarnitzki, Dirk; Kraft, Kornelius - 2005
variables the motives for innovation expenditures are also taken into account. We differentiate between firms which intend to …
Persistent link: https://www.econbiz.de/10010297441
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Do Spillovers Stimulate Incremental or Drastic Product Innovations? Hypotheses and Evidence from German Establishment Data
Jirjahn, Uwe; Kraft, Kornelius - 2006
We estimate the determinants of various types of product innovation. Knowledge spillovers from rivals have a positive … exert no such independent influence on drastic innovation activities. The results support the hypothesis that establishments …
Persistent link: https://www.econbiz.de/10010297531
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R&D and Firm Performance in a Transition Economy
Czarnitzki, Dirk; Kraft, Kornelius - 2006
We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison 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...
Persistent link: https://www.econbiz.de/10010297541
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Measuring the impact of innovation on firm value: a new approach
Kraft, Kornelius; Czarnitzki, Dirk - 2002
Most of the existing empirical literature on the relationship of firm value and knowledge capital is based on the stock market valuation of companies. However, the assets of many firms are not publicly traded, and hence the calculation of market value is limited to a subsample of firms. We...
Persistent link: https://www.econbiz.de/10010297699