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Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market … for financing their research compared to development activities. Moreover, we find that (basic) research subsidy …
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This study tests for financial constraints on Ramp;D investment and how they differ from capital investment. To identify constraints in the access to external capital, we employ a credit rating index. Our models show that internal constraints, measured by mark-ups, are more decisive for Ramp;D...
Persistent link: https://www.econbiz.de/10012711028
We analyze financial constraints for Ramp;D, where we account for heterogeneity among investments which has been neglected in previous literature. According to economic theory, investments should be distinguished by their degree of uncertainty, e.g. routine Ramp;D versus cutting-edge Ramp;D....
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In Deutschland beanspruchen gleich zwei Ressorts, das Bundesministerium für Bildung und Forschung (BMBF) sowie das …-und Technologiepolitik aufgebaut ist und zum anderen, wie es gelingen soll, die wissenschaftlichen und wirtschaftlichen Rahmenbedingungen für … Förderinstrumentariums zu dem Schluss, dass insbesondere die Wirkungsforschung in Deutschland noch unterentwickelt ist und vor neuen …
Persistent link: https://www.econbiz.de/10011446955
This paper explores the impact of R&D subsidies on the concentration of R&D in an economy. First, governments are often criticized of subsidizing predominantly larger firms and thus contribute to persistence of leadership in markets and higher barriers to entry, and, hence, reduced competition...
Persistent link: https://www.econbiz.de/10008701446
innovation systems, highlight the outline conditions for innovations in Germany, focusing above all on the basis of innovations … information flows and cooperation patterns within the innovation system of Germany. In the summary at the end of this paper we …In the following paragraphs we will discuss the "mapping of innovative clusters in national innovation systems". For …
Persistent link: https://www.econbiz.de/10011442326
This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of … not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing … availability of internal funds per se, but that they are driven by innovative capability. -- Innovation ; financing constraints …
Persistent link: https://www.econbiz.de/10010219755