In this paper we develop a structural empirical model that allows us to estimate the impact of R&D on firm profitability through two channels. In the first channel, R&D investment by the firm can impact the firm's production efficiency and lower its marginal cost. This productivity channel...

[Introduction] Over the last few years there has been an increasing debate on supply security in the German healthcare system. In particular, concerns have been raised with respect to the shortage of pharmacies in rural regions. While the low level of demand for pharmaceutical services and...

Determinants of a firm's export-sales ratio (degree of internationalisation) are frequently discussed in the literature related to individual firms' export activities. Stylised facts show a positive relationship between firm size and firm age on the one hand and the firm's export-sales ratio on...

The relationship between individual firms’ export behaviour and firm performance has been studied extensively in the economic literature. However, most studies from the field of economics only distinguish between exporting and non-exporting companies, using the firms’ export status as a...

Junge Technologieunternehmen in Deutschland und im Vereinigten Königreich sind oft schon in einer sehr frühen Phase ihrer Existenz international aktiv. Während jedoch einige Unternehmen ihr Exportvolumen kontinuierlich erhöhen können, erweist sich das Exportgeschäft für andere Unternehmen...

The choice of the appropriate sales mode belongs to the firm’s most important strategic decisions after entering into a foreign market. Thus, it is important that the selected foreign sales mode best suits a firm’s available resources and capabilities. However, these resources and...