Employment termination in East Germany in the first nine months after unification is analyzed within a discrete hazard rate model with three absorbing states, namely short-time work, unemployment and non-participation. Estimation is based on a cohort of employed individuals in June 1990 and the...

This paper develops a three stage oligopoly game for R&D cooperation, R&D expenditure and product market competition. In the first stage, firms decide whether or not to conduct R&D in cooperation with other firms. In the second stage the level of R&D investment is determined. Finally, firms...

Established theories in international business come to different conclusions when specifically applied to the analysis of the international activities of start-up companies in high-technology industries. Using a new dataset of 495 British and German start-ups operating in high-technology...

The missing effect of investments of firms in information and communication technologies on productivity is studied by various recent papers (e.g. Oliner and Sichels 1994, Landauer 1995, Brynjolfsson and Hitt 1996). Several explanations are given for this missing link. Our paper deals with two...

For firms acting in technological niches the expansion into foreign markets can be a way to increase sales and to thus to recover initial sunk costs over a shorter time frame. Our research, based on survey data for nearly 600 British and German high-tech start-ups, examines whether...

The Importance and Contribution of new technology-based Firms (NTBFs) to long term economic development is at the center of a controversial debate. This paper provides an overview of the current status of research on various issues concerning NTBFs in Germany. The issues covered include the...

Der Beitrag untersucht die Effektivität der Innovationsförderung in den neuen Ländern. Dabei wird ein doppelter Vergleich angestellt. Zum einen analysieren wir die Auswirkungen der Förderung hinsichtlich der FuE-Anreize und der FuE-Ergebnisse durch einen Vergleich von geförderten und...

We examine the impact of technological product advantages, prior international experience of the management, firm size and age, country differences, and sunk costs as determinants of the timing of international market entry. The timing of internationalisation is analysed using ?event history...