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<Para ID="Par1">Patent pendencies create uncertainty in research and development (R&D) collaboration, which can result …
Persistent link: https://www.econbiz.de/10011154759
Patent pendencies create uncertainty in research and development (R&D) collaboration agreements, resulting in a threat …
Persistent link: https://www.econbiz.de/10008869223
The theoretical discussion concerning the question whether the incumbent or the (potential) entrant invests more into R&D has attracted considerable interest. This paper reports the results of an empirical study on this question using data of about 3500 German firms over the years 1992 to 1995....
Persistent link: https://www.econbiz.de/10010297671
imperfections. Drawing on the theory of investment under uncertainty, this paper argues that public R&D subsidies increase business … R&D investment through an additional mechanism – mitigating the effects of market uncertainty on R&D investment in … markets for new products. Using a sample of German manufacturing firms, we show that market uncertainty indeed reduces R …
Persistent link: https://www.econbiz.de/10010297826
The real options investment theory shows that greater uncertainty about market revenues reduces current R&D investment … market uncertainty on R&D investment. …
Persistent link: https://www.econbiz.de/10010297827
This paper investigates how competition and firm size affect the relationship between market uncertainty and R …&D investment. We use an intuitively appealing measure of firm-specific uncertainty along with panel data to show that firms invest … less in current R&D as uncertainty about market returns increases. The effect of firm-specific uncertainty on R …
Persistent link: https://www.econbiz.de/10010297999
Real options investment theory predicts current investment falls as uncertainty about market returns increases. In the … pronounced. This paper tests the real options prediction about the R&D investment-uncertainty relationship and further considers … mitigate firm-specific uncertainty and stimulate current R&D investment. Our empirical results support both the prediction of …
Persistent link: https://www.econbiz.de/10010298020
Patent pendencies create uncertainty in research and development (R&D) collaboration agreements, resulting in a threat …
Persistent link: https://www.econbiz.de/10010304322
uncertainty. We find that policy uncertainty raises the rate of inventor emigration by a notable magnitude. With a one standard … deviation in the policy uncertainty of the home country, relative to the possible destination countries, the rate of inventor … emigration increases by nearly 40%. Migrating inventors are subsequently exposed to lower levels of policy uncertainty in the …
Persistent link: https://www.econbiz.de/10013412965
Previous work suggests a general uncertainty surrounding the migration process acts as a barrier to outmigration. In … this paper, we argue that this barrier is exacerbated when relative economic policy uncertainty is higher in the target … migration from 12 European countries between 1997 and 2012 and test the premise that a higher relative uncertainty in the origin …
Persistent link: https://www.econbiz.de/10014000406