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Capital Control, Debt Financing and Innovative Activity
Czarnitzki, Dirk - 2014
The present paper first discusses theoretically the different incentives of manager- versus owner-controlled firms for investment into innovative activity. In addition, the role of debt financing is analyzed. Subsequently the results from an empirical study on the determinants of innovative...
Persistent link: https://www.econbiz.de/10012710126
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Management control and innovative activity
Czarnitzki, Dirk - 2000
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/10013428380
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Firm leadership and innovative performance : evidence from seven EU Countries
Kraft, Kornelius; Czarnitzki, Dirk - 2002 - This Version: March 2002
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
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R&D, capital structure and ownership concentration : evidence from Italian microdata
Bragoli, Daniela; Cortelezzi, Flavia; Marseguerra, Giovanni - In: Industry and innovation 23 (2016) 3, pp. 223-242
Persistent link: https://www.econbiz.de/10011523869
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Does corporate ownership matter for innovation?
Lee, Sanghoon - In: Journal of the Asia Pacific economy 28 (2023) 1, pp. 314-329
Persistent link: https://www.econbiz.de/10014231964
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Government-linked banks' performance in Jordan
Mohammad Ahid Ghabayen; Ahmad Omar Hardan; Zaid Jaradat; … - In: Corporate ownership & control : international … 14 (2016/2017) 2, pp. 44-50
Persistent link: https://www.econbiz.de/10011778533
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Innovation and institutional ownership revisited : an empirical investigation with count data models
Berger, Susanne; Stocker, Herbert; Zeileis, Achim - 2014
By discriminating between a lazy manager and a career concerns hypothesis, Aghion et al. (The American Economic Review 2013, 103(1), 277-304) try to disentangle the link between innovation and institutional ownership. Citation-weighted patent counts are used as a proxy for innovation, which...
Persistent link: https://www.econbiz.de/10010406308
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Stock liquidity, fnancial constraints, and innovation in Chinese SMEs
Liu, Wei; Suzuki, Yoshihisa - In: Financial innovation : FIN 10 (2024), pp. 1-43
This study investigates the relationship between stock liquidity and frm innovation for publicly traded growing small and medium-sized enterprises (SMEs) in China using both innovation input and output. We collected samples of 785 SMEs from China's Shenzhen Growth Enterprises Market without the...
Persistent link: https://www.econbiz.de/10014536053
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International mergers with financially constrained owners
Berg, Aron; Norbäck, Pehr-Johan; Persson, Lars - 2012
This paper proposes a cross-border M&A model with financially constrained owners in which the identity of the buyer and seller can be determined. We show that policies blocking foreign acquisitions to protect the domestic industry can be counterproductive. Foreign acquisition can increase the...
Persistent link: https://www.econbiz.de/10009625136
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The asymmetries of a small world : entry into and withdrawal from international markets by French firms
Engel, Dirk; Procher, Vivien; Schmidt, Christoph M. - 2010
three two-year intervals. We analyze the role of productivity, organisational and ownership structure, and of financial … characteristics for the decision to enter into and exit from foreign markets. High levels of productivity are documented to be … significant correlation between productivity and divestment decisions. Moreover, companies with corporate shareholders are more …
Persistent link: https://www.econbiz.de/10003975472