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This article investigates how a firm's financial strength affects its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech manufacturing industries. The model incorporates a measure of the firm's financial strength, derived from...
Persistent link: https://www.econbiz.de/10013002220
This paper explores the relationship between firms' cooperation and their propensity toward environmental innovation … and of vertical, horizontal and lateral cooperative agreements on environmental innovation propensity. I test these … hypotheses through a large scale dataset, the Community Innovation Survey for Spanish firms (PITEC), through the use of …
Persistent link: https://www.econbiz.de/10013008801
Knowledge spillovers to competitors are regarded as an important aspect of the innovation process. While a company …
Persistent link: https://www.econbiz.de/10012707747
This paper analyzes the importance of equity finance for the Ramp;D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we...
Persistent link: https://www.econbiz.de/10012709829
they matter. We first characterize YICs in the sample of innovation active firms. We show that firms that combine newness … financial constraints, both internal and external, as an important factor hampering their innovation activities, significantly … more so than other innovation active firms. This access to finance problem is an often used motive for government …
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