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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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R&D and Firm Performance in a Transition Economy
Czarnitzki, Dirk; Kraft, Kornelius - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 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/10005098291
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On the Profitability of Innovative Assets
Kraft, Kornelius; Czarnitzki, Dirk - 2004
on the effects of the patent stock on profitability. The data base is a representative sample of German manufacturing … 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
empirical study on the determinants of innovative activity measured by patent applications are presented. A sample of German …
Persistent link: https://www.econbiz.de/10010297397
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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
challenger invests more into R&D in order to enter a new market than the incumbent. Thus, the patent racing model by Reinganum …
Persistent link: https://www.econbiz.de/10010297671
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The Knowledge Production of 'R' and 'D'
Thorwarth, Susanne; Kraft, Kornelius; Czarnitzki, Dirk - 2008
or output of a knowledge production function. We suggest that the productivity of research in patent production functions … to patentable knowledge, and development happens after the initial research phase that may have led to a patent. Instead …
Persistent link: https://www.econbiz.de/10010298057
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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
challenger invests more into R&D in order to enter a new market than the incumbent. Thus, the patent racing model by Reinganum …
Persistent link: https://www.econbiz.de/10011444512
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Capital Control, Debt Financing and Innovative Activity
Czarnitzki, Dirk - 2014
empirical study on the determinants of innovative activity measured by patent applications are presented. A sample of German …
Persistent link: https://www.econbiz.de/10012710126
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The Knowledge Production of 'R' and 'D'
Czarnitzki, Dirk; Kraft, Kornelius; Thorwarth, Suzanne - 2013
or output of a knowledge production function. We suggest that the productivity of research in patent production functions … to patentable knowledge, and development happens after the initial research phase that may have led to a patent. Instead …
Persistent link: https://www.econbiz.de/10014215973
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On the Profitability of Innovative Assets
Czarnitzki, Dirk; Kraft, Kornelius - 2007
on the effects of the patent stock on profitability. The database is a representative sample of German manufacturing … patent stock has a strong and robust effect on profitability …
Persistent link: https://www.econbiz.de/10014223484