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such applications, a key role is played by complementarities in the process of innovation. …
Persistent link: https://www.econbiz.de/10014023784
stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …
Persistent link: https://www.econbiz.de/10010293106
stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …
Persistent link: https://www.econbiz.de/10010791525
development and fluctuations. In many such applications, a key role is played by complementarities in the process of innovation. …
Persistent link: https://www.econbiz.de/10005772070
We present a quantitative, dynamic analysis of coevolution in the new firm. Organisation is treated as a process, rather than a state, involving the simultaneous evolution of interacting systems within, and between, small firms and their environment. Our quantitative analysis uses...
Persistent link: https://www.econbiz.de/10005697011
Persistent link: https://www.econbiz.de/10012038244
?s Investment Tests (IT) during the years 1988-1998, we create a panel with information on investment, innovation activity and … financing conditions. Financial constraints affect the distribution of investment over time in a fundamental way. Following a … on Schworm?s (1980) model of optimal investment under financial constraints, we use it to test the empirical content of …
Persistent link: https://www.econbiz.de/10010295647
A strong innovation performance based on R&D, product development and the implementation of advanced production … offshoring on R&D and innovation activities of the firm in the home country. The analysis is based on a dataset of more than 3000 … manufacturing firms from seven European countries. We employ propensity score matching to compare R&D and innovation activities of …
Persistent link: https://www.econbiz.de/10011392629
in many advanced economies. While process innovation can be job-destroying, product innovation can imply the emergence of … new firms, new sectors, and thus new jobs. But even for process innovation, the final impact on labor demand is shaped by … impede them. Policies should maximize the job-creation effect of product innovation and minimize the direct labor …
Persistent link: https://www.econbiz.de/10011431678
This paper explores the possible job creation effect of innovation activity. We analyze a unique panel dataset covering … is the labour-friendly nature of innovation, which we measure in terms of forward-citation weighted patents. However …, this positive impact of innovation is statistically significant only for firms in the high-tech manufacturing sectors …
Persistent link: https://www.econbiz.de/10011288522