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`s „industrial cluster model“ is used as the relevant analytical framework to deal with the complex intercourses of the different … between the medical device industry cluster, innovations and the German health care system. It is showed which impact … „innovation“, „cluster“ and „medical device industry“. In chapter 2 the German medical device industry is examined on its …
Persistent link: https://www.econbiz.de/10009433716
-food clusters. Refering to Hayek's concept of pretence of knowledge and empirical evidence of cluster facilitation policies of other … countries the success of the Kazakhstani cluster initiative is questioned. … Cluster-Initiative in Kasachstan in Frage gestellt. …
Persistent link: https://www.econbiz.de/10008597161
Our study reexamines standard econometric approaches for the detection of information asymmetries on insurance markets. We claim that evidence based on a standard framework with 2 equations, which uses potential sources of information asymmetries, should stress the importance of heterogeneity in...
Persistent link: https://www.econbiz.de/10010323731
Halal certification of financials product may reduce transaction costs for its buyers when it provides a trusted standard for investors that seek to comply with Islamic law. However, we show that in practice it takes considerable amounts of time (20 days ) and money (USD 122,000) to obtain a...
Persistent link: https://www.econbiz.de/10010326346
We study the role of private equity firms in cross-border mergers and acquisitions. We find that private equity-owned firms are more likely to become targets in crossborderM&A transactions. This effect is particularly strong in transactions where the target or its shareholders actively reach out...
Persistent link: https://www.econbiz.de/10010326420
The widespread evidence of multiple bank lending relationships in credit markets suggests that firms are interested in setting up a diversity of banking links. However, it is hard to know from the empirical data whether a firm's observed number of lenders is symptomatic of financial constraints...
Persistent link: https://www.econbiz.de/10010328416
The gravity model has provided a tractable empirical framework to account for bilateral flows not only of manufactured goods, as in the case of merchandise trade, but also of financial flows. In particular, recent literature has emphasized the role of information costs in preventing larger...
Persistent link: https://www.econbiz.de/10010329097
Persistent link: https://www.econbiz.de/10010335087
The gravity model has provided a tractable empirical framework to account for bilateral flows not only of manufactured goods, as in the case of merchandise trade, but also of financial flows. In particular, recent literature has emphasized the role of information costs in preventing larger...
Persistent link: https://www.econbiz.de/10010335963
This paper examines the relationship between firms' innovation activities and the hierarchy of financing behaviours. We analyse the role of innovation inputs (R&D), intermediate outputs (patents) and outcomes (product and process innovations) as sources of information asymmetry in financing...
Persistent link: https://www.econbiz.de/10012060647