Decision making usually involves uncertainty and risk. Understanding which parts of the human brain are activated … during decisions under risk and which neural processes underly (risky) investment decisions are important goals in …-related activations in space and dynamics in time. Further, we classify the risk attitudes of all subjects based on the estimated …

different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal … demand system, we estimate input and profit demand functions to obtain proxies for expected return and risk. Efficiency is … then measured in this risk-return space. Mean risk-return efficiency is somewhat higher than cost and considerably higher …

and Corporate Innovation Processes' an der Technischen Universität Dresden dar. Diese besteht aus sechs bereits … Möglichkeit, auf diese neuen Ansprüche zu reagieren, ist Anpassung durch Innovation. Das übergeordnete Ziel der Dissertation ist … Innovation Processes' at the Technical University of Dresden. It consists of six already published papers and articles. Because …

The innovation activities of foreign subsidiaries have been identified as an important source of competitive advantage … foreignness). We derive potential stumbling blocks in the innovation process theoretically and argue that these materialize as … innovation activities in Germany from various sectors. We find that foreign-controlled firms are not challenged by liability of …

known about how the direction of search strategies influences innovation performance. In this paper, we argue that firms … that being open for innovation generally pays off. However, both moderating factors have a crucial role to play: On the one … novel knowledge and to enhance innovation performance. We develop targeted management recommendations based on these results. …

Our study shows empirically that the choice of resource allocation strategy affects innovation performance. A policy of … allocating resources to a broader range of innovation projects increases sales of new products, especially if these are truly … stronger for firms that allocate resources more selectively at later stages of the innovation process. Based on these results …

We examine whether the experience of shocks influences individual risk attitude. We measure risk attitude via a simple … typical for poor and vulnerable households, is related to a higher degree of risk aversion, even when controlled for a large … set of socio-demographic variables. Therefore, shocks perpetuate vulnerability to poverty via their effect on risk …