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die Investitionen in Sachanlagen hat die Rechtsform keine Auswirkung. …
Persistent link: https://www.econbiz.de/10011444773
This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity involves risk. On the one hand, the risk of firm owners is limited if their liability is limited. On the other hand credits will be more difficult to receive if liability is limited....
Persistent link: https://www.econbiz.de/10013428336
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increase innovation input, but also improve innovation performance. However, the efficiency of bank equity connections is …This study investigates the effects of bank equity connections and intellectual property protection on enterprises …’ innovation behavior, and the regulating effect of intellectual property protection on the relationship between bank equity …
Persistent link: https://www.econbiz.de/10011844656
This paper studies the effect of bank ownership on product innovation by borrowing firms, highlighting the role of the … state, foreign, and combined foreign-state bank ownership. It uses Enterprise Survey data for more than 22,000 firms in 49 … paper confirms that a firm's access to bank credit is associated with a greater probability of product innovation, even when …
Persistent link: https://www.econbiz.de/10014312749
This paper studies the effect of bank ownership on product innovation by borrowing firms, highlighting the role of the … state, foreign, and combined foreign-state bank ownership. It uses Enterprise Survey data for more than 22,000 firms in 49 … paper confirms that a firm's access to bank credit is associated with a greater probability of product innovation, even when …
Persistent link: https://www.econbiz.de/10014578793
This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...
Persistent link: https://www.econbiz.de/10011445230
This paper considers the effect of different firm leadership on the innovative performance of firms from seven EU countries. We investigate whether owner-led or manager-led firms achieve a larger share of their turnover with product innovations. Economic theory does not propose clear answers to...
Persistent link: https://www.econbiz.de/10011446303