The aim of this paper is to analyze the effects of technological opportunities on the innovation activities of firms, depending on their absorptive capacities. The importance and impacts of the ability of firms to use external knowledge sources were inquired especially for external knowledge...

Recent econometric studies only emphasize the role of longterm demand expectations and technological capability. They neglect the impact of buyer market structure on innovative efforts of input suppliers....

In this paper the importance and the effects of technological opportunities, stemming from academic research, on the innovation activities of firms in the German automobile supplyindustry are investigated.

Vorliegendes Arbeitspapier untersucht die Kooperationsneigung der deutschen Automobilzulieferindustrie.

This paper deals with modern industrial development processes of new technologies. It focuses an in-creasing complexity and interdependence of the different actors combining different knowledge assets.

Open source projects produce goods or standards that do not allow for the appropriation of private returns by those who contribute to these projects. In this paper we analyze why programmers will nevertheless invest their time and effort to code open source software. We argue that the particular...

The purpose of this paper is to explain why some markets for financialproducts take off while others vanish as soon as they have emerged ...

This paper analyzes the relationship between the diffusion of new technologies and the decentralization of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the other hand, delegates authority to...

Both M&A and innovation are instruments for growth and competitive advantage.Therefore they are fundamental to each firm’s competitive strategy. Usually, both instrumentshave been studied separately, but much less in conjunction. This is unfortunate as bothprocesses - the process of innovation...

We analyze financial constraints for R&D, where we account for heterogeneityamong investments which has been neglected in previous literature. According toeconomic theory, investments should be distinguished by their degree ofuncertainty, e.g. routine R&D versus cutting-edge R&D. Financial...