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In this paper, we present a simple model in which a unionized and non-unionized firm optimally make investment …
Persistent link: https://www.econbiz.de/10012864858
We develop a simple model of competition for the market that shows that, contrary to the Arrow view, endogenous entry threat in a market induces the average firm to invest less in R&D and the incumbent leader to invest more. We test these predictions with a Tobit model based on a unique dataset...
Persistent link: https://www.econbiz.de/10014214320
We examine the role of spillover learning in shaping the value of exploratory versus incremental R&D. Using data from drug development, we show that novel drug candidates generate more knowledge spillovers than incremental ones. Despite being less likely to reach regulatory approval, they are...
Persistent link: https://www.econbiz.de/10014287391
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....
Persistent link: https://www.econbiz.de/10013428313
We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …
Persistent link: https://www.econbiz.de/10011518444
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....
Persistent link: https://www.econbiz.de/10011444512
Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market … only differ in their nature, but also to a large extent take place sequentially. Our results show that "R" investment is … recipients' investment is less sensitive to internal liquidity. -- Research and development ; liquidity constraints ; innovation …
Persistent link: https://www.econbiz.de/10003881344
alternatives of use. If they choose additional innovation projects they must have had some unexploited investment opportunities …
Persistent link: https://www.econbiz.de/10003914253
R&D investment, access to the partner's knowledge base and the exploitation of scale and scope in R&D, but that it may …
Persistent link: https://www.econbiz.de/10009572470
alternatives of use. If they selected additional innovation projects, they must have had some unexploited investment opportunities …
Persistent link: https://www.econbiz.de/10009152558