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We study the redistributive effects of a gradual productivity shift from tangible to intangible capital. Intangible asset creation relies on the commitment of skilled human capital. To ensure retention,firms reward innovators by deferred compensation, so funding demand by firms drops as the...
Persistent link: https://www.econbiz.de/10012269662
We explore how house prices evolve under technological progress, when housing serves for consumption as well as store of value. Technological change leads to human capital substituting physical capital and manual labor. Reduced use of physical capital implies that firms have less tangible...
Persistent link: https://www.econbiz.de/10011295717
The productivity-enhancing effects of digitalisation have generated increased interest in the promotion of digital technologies. This report provides different estimations for euro area countries of the impact of digital uptake on productivity at firm level, showing that the adoption of digital...
Persistent link: https://www.econbiz.de/10014479720
Custom software is distinct from other types of capital in that it is non-rival—once a firm makes an investment in custom software, it can be used simultaneously across its many establishments. Using confidential US Census data, we document that while firms with more establishments are more...
Persistent link: https://www.econbiz.de/10014505806
use a dataset with approximately 700,000 firm-year observations of German small and medium-sized enterprises (SME) to … the German banking market. Market power generally spurs aggregate SME growth. Banks need to realize sufficient margins to … reduces SME growth in industries that depend heavily on external finance. -- growth decomposition ; reallocation ; banking …
Persistent link: https://www.econbiz.de/10009660031
This paper probes the drivers, dimensions, achievements, and outcomes of technological innovations carried out by SMEs in the auto components, electronics, and machine tool sectors of Bangalore in India. Further, it ascertains the growth rates of innovative SMEs vis-à-vis non-innovative SMEs in...
Persistent link: https://www.econbiz.de/10008660889
Recent developments in the field of network research have led to a growing interest in interorganisational relationships among social science scholars. One of the most important research areas is related to entrepreneurship research and how relationship networks affect firm performance. However,...
Persistent link: https://www.econbiz.de/10009583076
The key message of this book is that heterogeneity should be seen as an intrinsic and indispensable element of knowledge systems. The authors address the concept of heterogeneity in a multi-disciplinary fashion, including perspectives from evolutionary economics and innovation system studies,...
Persistent link: https://www.econbiz.de/10011850721
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