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An empirical test of the asymmetric models on innovative activity : who invests more into R&D - the incumbent or the challenger?
Czarnitzki, Dirk; Kraft, Kornelius - 2000
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/10011444512
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Management control and innovative activity
Czarnitzki, Dirk; Kraft, Kornelius - 2000
This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...
Persistent link: https://www.econbiz.de/10011445230
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Corporate taxation and investment : explaining investment dynamics with firm-level panel data
Dwenger, Nadja - 2009
not been considered in previous studies on investment even though most (if not all) panel data sets on firms are … corporate income tax rate was partly compensated for by stricter depreciation allowances. Investment dynamics appear to be … crucial for the coefficients of cash flow variables in investment equations. While cash flow effects are present in the (first …
Persistent link: https://www.econbiz.de/10003883175
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Corporate taxation and investment : explaining investment dynamics with firm-level panel data
Dwenger, Nadja - 2009
Using a firm-level panel data set I assess whether dynamic models of investment provide an empirically fruitful … not been considered in previous studies on investment even though most (if not all) panel data sets on firms are … tax rate was partly compensated for by stricter depreciation allowances. Investment dynamics appear to be crucial for the …
Persistent link: https://www.econbiz.de/10003948533
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The effect of entry on R&D investment of leaders : theory and mpirical evidence
Czarnitzki, Dirk (contributor); Etro, Federico (contributor) - 2008
We develop a simple model of competition for the market that shows that, contrary to the Arrow view, endogenous entry threat in a market induces the average firm to invest less in R&D and the incumbent leader to invest more. We test these predictions with a Tobit model based on a unique dataset...
Persistent link: https://www.econbiz.de/10003761020
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An empirical test of the asymmetric models on innovative activity : who invests more into R&D - the incumbent or the challenger?
Czarnitzki, Dirk - 2000
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/10013428313
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Management control and innovative activity
Czarnitzki, Dirk - 2000
This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...
Persistent link: https://www.econbiz.de/10013428380
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From financial to real economic crisis : evidence from individual firm-bank relationships in Germany
Dwenger, Nadja; Fossen, Frank M.; Simmler, Martin - 2015 - First version: February 14, 2015, This version: September 25, 2015
transmission of bank distress to the real economy - in particular, to real investment and labor employment by nonfinancial firms … supply downsize their real investment and labor employment significantly. This effect is larger for firms that are unable to …
Persistent link: https://www.econbiz.de/10011346644
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From financial to real economic crisis : evidence from individual firm–bank relationships in Germany
Dwenger, Nadja; Fossen, Frank M.; Simmler, Martin - 2015
Persistent link: https://www.econbiz.de/10011387814
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From financial to real economic crisis : evidence from individual firm-bank relationships in Germany
Dwenger, Nadja; Fossen, Frank M.; Simmler, Martin - 2015 - This version: September 25, 2015
transmission of bank distress to the real economy—in particular, to real investment and labor employment by nonfinancial firms. We … supply downsize their real investment and labor employment significantly. This effect islarger for firms that are unable to …
Persistent link: https://www.econbiz.de/10011339776