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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 …
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
We estimate the effect of R&D spillovers on sales realized by products new to the firm (imitation) and new to the … 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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On the Profitability of Innovative Assets
Kraft, Kornelius; Czarnitzki, Dirk - 2004
patent stock has a strong and robust effect on profitability. …
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