The aim of this study is to assess the cost efficiency of 25 agro-industrial companies in Vojvodina. The analysis covers the period from 2010 to 2012, and the efficiency of the companies is estimated using the non-parametric DEA techniques. Data Envelopment Analysis (DEA) is a linear programming...

This study investigates how vertical linkages impact the innovative activity of both medium-high and high technology industries in Poland. The data for this research were collected in structured telephone or e-mail interviews with managers and company owners. The final data set includes 1,355...

Scientific knowledge is an important ingredient in the innovation process. Drawing on the knowledge-based view of the firm and the literature on the relationship between science and technology, this paper scrutinizes the importance of university scientists' mobility for firms' innovative...

Mergers and acquisitions have been demonstrated to create synergies, but not in all cases.Current research reveals that where synergies exist, these seem to accrue to the shareholdersof the selling companies. Given the limitations of our qualitative research design, we find that itis important...

In this paper a novel survey dataset allows us to use a direct measure for credit constraints as well as a direct measure for the innovative activity of a firm to identify the effects of credit constraints on the innovation behaviour of firms. Furthermore, the design of the survey questions and...

The theoretical discussion concerning the question whether the incumbent or the (potential) entrant invests more into R&D has attracted considerable interest. This paper reports the results of an empirical study on this question using data of about 3500 German firms over the years 1992 to 1995....

This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...

This paper explores the spatial distribution of innovative activity and the role of technological spillovers in the process of knowledge creation across 138 regions of 17 countries in Europe (the 15 members of the European Union plus Switzerland and Norway). The analysis is based on an original...

The rapid development of information technology will allow businesses to create new communication opportunities for the exchange of information, which greatly accelerated the process of networking. The benefits of economic subjects integration related to the harmonization of their interests, a...

Venture capital funds are very important in the development of innovative activity of economic entities. The funds contribute to closing the equity gap in the financing of innovative companies. The purpose of the study is to show the role that venture capital funds play in the development and...