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Mina, Andrea - 2018

This paper examines the relationship between firms' innovation activities and the hierarchy of financing behaviors. We analyse the role of innovation inputs (R&D), intermediate outputs (patents) and outcomes (product and process innovations) as sources of information asymmetry in financing...

Persistent link: https://www.econbiz.de/10012913580

The pecking order of innovation finance

Mina, Andrea; Lahr, Henry - 2018

This paper examines the relationship between firms' innovation activities and the hierarchy of financing behaviours. We analyse the role of innovation inputs (R&D), intermediate outputs (patents) and outcomes (product and process innovations) as sources of information asymmetry in financing...

Persistent link: https://www.econbiz.de/10011919534

Patents as Collateral

Chatelain, Jean-Bernard; Ralf, Kirsten; Bruno, Amable - Volkswirtschaftliche Fakultät, … - 2010

face random and lumpy investment opportunities in R&D. High growth rates of innovations, possibly higher than the real rate … patent and trademark office that minimizes the legal uncertainty surrounding patents as collateral and maximizes the growth …

Persistent link: https://www.econbiz.de/10011114166

Venture capital backed growth

Keuschnigg, Christian - 2002

productive and active VC industry boosts innovation driven growth. …

Persistent link: https://www.econbiz.de/10011409024

Debt, innovation, and growth

Geelen, Thomas; Hajda, Jakub; Morellec, Erwan - 2019

, innovation. Using a Schumpeterian growth model in which firms' dynamic R&D and financing choices are endogenously determined, we … demonstrate that this second effect always dominates, so that debt fosters innovation and growth at the aggregate level. Our paper …

Persistent link: https://www.econbiz.de/10012179627

Innovationsverhalten in Familienunternehmen

Hülsbeck, Marcel; Lehmann, Erik E.; Weiß, Dominik; … - 2011

Familienunternehmen gelten in der öffentlichen Wahrnehmung als besonders innovativ und als Hidden Champions der deutschen Wirtschaft. In jüngster Zeit widmen sich Forscher vermehrt der Überprüfung dieser These und kommen zu diametral unterschiedlichen Ergebnissen. Einerseits wird...

Persistent link: https://www.econbiz.de/10010308799

Foreign direct investment, access to finance, and innovation activity in Chinese enterprises

Girma, Sourafel; Gong, Yundan; Görg, Holger - In: The World Bank Economic Review 22 (2008) 2, pp. 367-382

A recent, comprehensive database is used to investigate the link between inward foreign direct investment (FDI) and innovation activity in China. The results of the analysis suggest that private and collectively owned firms with foreign capital participation and those with good access to...

Persistent link: https://www.econbiz.de/10010314326

Entrepreneurship and the Theory of Taxation

Henrekson, Magnus; Sanandaji, Tino - 2008

Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions derived from standard models of capital taxation when applied to entrepreneurial income. Some of the defining features of entrepreneurship often omitted by standard capital taxation...

Persistent link: https://www.econbiz.de/10010320176

Robustness Report on "Innovation and Institutional Ownership", by Aghion, Philippe, John van Reenen, and Luigi Zingales (2013)

Campbell, Douglas; Brodeur, Abel; Johannesson, Magnus; … - 2024

Aghion, Van Reenen and Zingales (2013) find that institutional ownership causes an increase in innovation as measured by citation-weighted patent counts. To identify a causal effect, they use membership in the S&P 500 as an instrument for institutional ownership in a panel regression. We first...

Persistent link: https://www.econbiz.de/10014547713

Venture capital versus bank financing in innovative German firms

Schäfer, Dorothea; Talavera, Oleksandr; Zimmermann, Volker - 2007

The paper investigates young firms' choice of capital source. Our theoretical model hypothesizes a positive (negative) relation between riskiness of the project (price of venture capital) and receiving informed equity. We test our predictions by employing a unique data set collected by KfW...

Persistent link: https://www.econbiz.de/10010264956