Showing 91 - 100 of 101,912
The literature suggests that public research and development (R&D) subsidies may reduce market failures affecting private R&D investment caused by incomplete appropriability of knowledge and financial constraints due capital market imperfections. Drawing on the theory of investment under...
Persistent link: https://www.econbiz.de/10010297826
The real options investment theory shows that greater uncertainty about market revenues reduces current R&D investment by increasing the value of waiting. This paper presents empirical evidence that patent protection mitigates the effect market uncertainty on R&D investment.
Persistent link: https://www.econbiz.de/10010297827
Real options investment theory predicts current investment falls as uncertainty about market returns increases. In the case of R&D investment, which is usually considered an irreversible form of investment, this effect should be quite pronounced. This paper tests the real options prediction...
Persistent link: https://www.econbiz.de/10010298020
By discriminating between a lazy manager and a career concerns hypothesis, Aghion et al. (The American Economic Review 2013, 103(1), 277-304) try to disentangle the link between innovation and institutional ownership. Citation-weighted patent counts are used as a proxy for innovation, which...
Persistent link: https://www.econbiz.de/10011382718
This paper tests for the importance of cash flow on investment in fixed capital and R&D using firm-level panel data in two countries between 1985 and 1994. For German firms, cash flow is not informative in simple econometric models of fixed investment or R&D. In identical pecifications for...
Persistent link: https://www.econbiz.de/10010330348
(SMEs) which have taken a crucial place in all economies. Since R&D activities have high costs and public features, these … activities cannot be carried out by firm, especially SMEs’ fiscal sources. Direct supports play a key-role in most countries. In … related literature, many researchers have stressed that direct public supports to -wards R&D activities are important for SMEs …
Persistent link: https://www.econbiz.de/10011985098
Research and innovation partnerships involving firms or firms and public research organizations (PROs) have been increasing over the last twenty years in OECD countries. In this paper we present empirical evidence about the impact of government sponsored R&D programs on firms' partnership...
Persistent link: https://www.econbiz.de/10011435179
, demand for climate friendly goods and extreme weather conditions on (eco-)innovation. The results of probit and treatment …
Persistent link: https://www.econbiz.de/10013175971
and effective growth operations strategies, quality management and operational excellence in banking. In this study we … define new quality management practices based on developed conceptual architecture of digital platform for operations … augmented operations services utilizing Analytic Network Process (ANP) method based on BOCR model. Proposed quality management …
Persistent link: https://www.econbiz.de/10011725084
The success of an energy turnaround towards renewables highly depends on the willingness and ability of firms to adopt energy technologies using renewable sources. Existing studies focused on the role of regulation and energy markets (e.g. the price for fossil energy) to explain the diffusion of...
Persistent link: https://www.econbiz.de/10011743823