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Existing studies associates financial constraints among innovators to small, young and high-tech firms. High adjustment cost implies that firms save money by smoothing innovation spending across the business cycle if they have available resources. This paper examines whether previous findings on...
Persistent link: https://www.econbiz.de/10011099542
The lag in innovation in Italy vis-�-vis the other main industrial countries is one of the effects of the fragmentation of the production system into many small firms that have trouble bearing the high cost of R&D and taking the related risks. Such other causes as shortages in human capital...
Persistent link: https://www.econbiz.de/10011099601
This paper provides some empirical evidence of the impact of two policy measures designed to support innovation in small and medium firms in an Italian region, both financed using the European Structural Funds but managed at regional level. The first measure was a concessional loan to promote...
Persistent link: https://www.econbiz.de/10011099632
This paper evaluates the causal effect of issuing equities on the probability that a firm will engage in R&D activity. Equity is a preferable source of external finance for innovation than debt. It does not require collateral, does not exacerbate moral hazard problems connected with the...
Persistent link: https://www.econbiz.de/10011099688
, however, are available to firms. This work aims at examining the determinants of research collaboration between firms and … the most important factor in determining the probability of collaboration. Other results indicate that the presence of … different innovation sources increases the probability of collaboration; and that proximity is more important for small- and …
Persistent link: https://www.econbiz.de/10011099708
Im Bereich Forschung und Entwicklung (FuE) bieten zwischenbetriebliche Kooperationen die Möglichkeit, Spezialisierungsvorteile zu nutzen und Wissen auszutauschen. Für die Entstehung von Innovationen ist insbesondere personengebundenes Wissen wichtig, dessen Ausbreitung jedoch räumlich...
Persistent link: https://www.econbiz.de/10011099924
The paper describes the innovation strategies of a representative sample of Italian firms participating to the Bank of Italy�s yearly survey. The evidence covers the 2008-2010 period and highlights some stylized facts widely discussed in the economic literature. Results show that the...
Persistent link: https://www.econbiz.de/10011100419
smaller for large firms than for SMEs. The price elasticities are higher when the ex-ante claimable tax reductions rather than …
Persistent link: https://www.econbiz.de/10011100426
Information Society emphasizes amount of information available and accessible. It emphasizes technology (ICT). Knowledge Societies are identified as societies where information is used and applied in various fields for learning and development. Knowledge society deals with technology which now...
Persistent link: https://www.econbiz.de/10011105636
This paper proposes an overview of the evolution in the wood processing industry in the process of regional development. The concept of clusters has become more and more popular in recent years, as more and more theorists and practitioners realize its potential; nevertheless the idea of cluster...
Persistent link: https://www.econbiz.de/10011105867