Based on a sample of German innovating firms that contains information on formal and informal innovation cooperation between customers and suppliers, we state that firms perceive informal cooperation as being more important than formal cooperation modes. We then investigate the determinants of...

Syndication, which is a joint realization of one project/one investment by several capital providers, is a long existing phenomenon that plays a central role in many financial market segments. Within this paper we develop a theoretical model focusing on the dynamic aspect of syndication, namely...

The majority of industrial organizations literature on network externalities looks at firm behavior under given market characteristics. The present paper instead asks the question whether the presence of network externalities can change market characteristics, specifically, whether an initially...

The surge in interfirm cooperative agreements can be seen as expressing a way for firms to respond to and to organize market failure, especially in technology markets. The incentives of firms to internalize activities are to avoid the disadvantages, or capitalize on the advantages, of...

This paper analyzes banks' choice between lending to firms individually and sharing lending with other banks, when firms and banks are subject to moral hazard and monitoring is essential. Multiple-bank lending is optimal whenever the benefit of greater diversification in terms of higher...

Information and knowledge are important prerequisites for innovation activity in firms. One important means of acquiring coplementary knowledge are innovation networks. Depending on their absortive capacity and knowledge base, firms develop different abilities to access and utilise external...

Gerade kleinen und mittleren Unternehmen bietet überbetriebliche Zusammenarbeit in Produktionskooperationen oder Produktionsnetzwerken Chancen, um auch zukünftig am Markt erfolgreich zu sein. In den Kernbereichen des Verarbeitenden Gewerbes arbeitet immerhin die Hälfte der Betriebe bereits in...

Die verstärkte Nutzung regionaler Potenziale soll gerade im Zeitalter der Globalisierung insbesondere kleine und mittlerer Unternehmen in die Lage versetzen, im Wettbewerb zu bestehen. Doch obwohl viele politische Initiativen darauf abzielen, regionale zu initiieren, kooperiert momentan...