Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market imperfections and special features of R&D investments. Moreover, it has been shown that a shift in capital structure towards more debt, results in a reduction of R&D investments....

Systemic innovation theory emphasizes that innovations are the result of an interdependent exchange process between different organizations. This is reflected in the current paradigm in European innovation policy, which aims at the support of collaborative R&D and innovation projects bringing...

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...

On behalf of the Federal Government of Germany, the Commission of Experts for Research and Innovation presents its third report.The format of the report has been revised this year. Part A of the EFI report 2010 discusses current developments and future challenges. Part B of the report then...

3D printing is a technology that has the potential to revolutionise manufacturing as we know it. While 3D printing is becoming mainstream, few consumers of printing services have the capacity to undertake their own printing. Around the technology, a service industry is burgeoning, as consumers...

The innovative performance of 1,200 representative firms in the Czech Republic, Germany, Hungary, Poland, Romania and the Slovak Republic was analyzed. The study differentiates between product innovation and three different forms of process innovations. This data was joined to the quality of...

Research and innovation are extremely important for Germany. New insights are generated by research, and new ways of creating value are opened up by technical, organisational, and other innovations. Production, value-creation and employment tend to increase much more in companies which are...

The Internet has devalued content to the point where it is often offered at no charge — newspapers, for instance — or widely misappropriated, as with music and movies. Either way, many people expect much of their content to be free. Why is this, how did it happen, and, focusing on music and...