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This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10003301146
The massive economic crisis 2008/09 had substantial impacts on the innovation activities of the German economy. The … loss in sales and profits resulted in a sharp decline of innovation expenditure. While capital expenditure for new products … and improved processes were cut substantially, R&D budgets basically remained unchanged. Firms with innovation and R …
Persistent link: https://www.econbiz.de/10009424135
innovation. While previous studies have often considered patents and trade secrets as substitutes for one another, we investigate … the complementary role of the two protection methods. We identify protection strategies for single innovation firms and … for the same innovation or for different innovations. Employing firm panel data from Germany, we find fairly few …
Persistent link: https://www.econbiz.de/10011539042
This paper studies the effects of different public innovation funding programs on the innovation output and export … contributes to higher innovation outputs, which in turn translates into higher export success in later years. This relation … however only holds for certain sources of public funding and certain types of innovation output. Innovation support from the …
Persistent link: https://www.econbiz.de/10011566487
the innovation process. Markets with high competition also force enterprises to produce imitative innovations but give …
Persistent link: https://www.econbiz.de/10011448648
studies, the focus is on the proportion of bank credits and internal funds as parts of innovation expenditures. The regression … showing high R&D intensity also use bank credits as financial sources for innovation only to a limited extent. As a result of …
Persistent link: https://www.econbiz.de/10013075216
considerations, the focus is on the share of internal funds, bank loans and subsidies on the volume of innovation expenditure …
Persistent link: https://www.econbiz.de/10012977600
This paper studies the effects of different public innovation funding programs on the innovation output and export … contributes to higher innovation outputs, which in turn translates into higher export success in later years. This relation … however only holds for certain sources of public funding and certain types of innovation output. Innovation support from the …
Persistent link: https://www.econbiz.de/10012978291
This paper analyzes the importance of equity finance for the Ramp;D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we...
Persistent link: https://www.econbiz.de/10012709829
that they employ.In order to account for non-R&D innovation activities, we apply the STI/DUI concept as a theoretical … starting point. This distinguishes between (1) the science, technology, innovation (STI) mode with its strong emphasis on … modes of learning and innovation exist within the German SME sector: the supplier-dependent DUI group, the customer …
Persistent link: https://www.econbiz.de/10012040194