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R&D and firm performance in a transition economy
Czarnitzki, Dirk; Kraft, Kornelius - In: Kyklos : international review for social sciences 59 (2006) 4, pp. 481-496
Persistent link: https://www.econbiz.de/10003385991
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R&D and firm performance in a transition economy
Czarnitzki, Dirk (contributor); Kraft, Kornelius (contributor) - 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/10003328090
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Are product- and process-innovations independent of each other?
Kraft, Kornelius - 1987
Persistent link: https://www.econbiz.de/10000762130
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Teamwork and intra-firm wage dispersion among blue-collar workers
Jirjahn, Uwe; Kraft, Kornelius - 2008
production technology of the most recent vintage, it interacts negatively with the age of the establishment and the coverage by a …
Persistent link: https://www.econbiz.de/10010268687
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Teamwork and Intra-Firm Wage Dispersion among Blue-Collar Workers
Jirjahn, Uwe; Kraft, Kornelius - Institute for the Study of Labor (IZA) - 2008
production technology of the most recent vintage, it interacts negatively with the age of the establishment and the coverage by a …
Persistent link: https://www.econbiz.de/10005702998
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Co-determination and innovation
Kraft, Kornelius; Stank, Jörg; Dewenter, Ralf - 2009
This paper examines the effect of the German co-determination law of 1976 (MitbestG) on the innovative activity of German firms. Co-determination applies to firms with 2000 employees or more. Data from 1971-1976 and 1981-1990 on 148 firms are used to compare the number of patents granted to...
Persistent link: https://www.econbiz.de/10010288477
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The impact of the financial crisis on investments in innovative firms
Giebel, Marek; Kraft, Kornelius - 2015
This paper investigates the impact of the financial crisis on investment decisions in innovative versus non-innovative firms. Firms are defined as being innovative if they have introduced a new product to the market. The empirical test is based on data for the years before and after the recent...
Persistent link: https://www.econbiz.de/10011339805
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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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Employee representation and innovation - disentangling the effect of legal and voluntary representation institutions in Germany
Kraft, Kornelius; Lammers, Alexander - 2019
Persistent link: https://www.econbiz.de/10011991969
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Managerial ownership, entrenchment and innovation
Beyer, Mila; Czarnitzki, Dirk; Kraft, Kornelius - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying … their own interests. When entrenched, managers do not fear detrimental effects of risky innovation projects on their career …, and hence tend to over-invest into innovation. …
Persistent link: https://www.econbiz.de/10009003577