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neglected in previous literature. According to economic theory, investments should be distinguished by their degree of …
Persistent link: https://www.econbiz.de/10012725826
. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were …
Persistent link: https://www.econbiz.de/10010219755
Economic theory suggests that financing constraints may occur due to capital market imperfections. These particularly … investment. Hence, internal sources of financing are crucial for the implementation of innovation projects. However, internal … policy schemes as financing constraints lead to a suboptimal level of investment in innovation. In contrast to previous …
Persistent link: https://www.econbiz.de/10014198373
Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market … only differ in theirnature, but also to a large extent take place sequentially. Our results show that ‘R' investment is … recipients' investment is less sensitive to internal liquidity …
Persistent link: https://www.econbiz.de/10013095201
Persistent link: https://www.econbiz.de/10013095547
We utilize a new survey experiment to evaluate the existence and degree of financial constraints for R&D in the economy. The experiment does not only allow to deduct the presence of financial constraints, but also to evaluate their economic significance. Using data on German companies, we find...
Persistent link: https://www.econbiz.de/10012671880
This paper analyzes the effects of uncertainty, rent dissipation, and a bundle of patents on corporate licenses. We use a newly developed data set, based on a large-scale survey (4,000 patents) of Japanese inventors, which uniquely covers the nature of the underlying research projects. Our major...
Persistent link: https://www.econbiz.de/10009153224
We investigate the impact of environmental regulation on firm performance and Investment behavior. Exploiting the case …
Persistent link: https://www.econbiz.de/10011392770
We investigate the impact of environmental regulation on firm performance and investment behavior. Exploiting the case …
Persistent link: https://www.econbiz.de/10011397068
’s decision to invest in R&D and quantify the cost and longrun benefit of this investment. The model incorporates and quantifies … linkages between the firm’s R&D investment, product and process innovations, and future productivity and profits. The dynamic …&D investment. For the median productivity firm, investment in R&D raises firm value by 3.0 percent in a group of hightech …
Persistent link: https://www.econbiz.de/10010203640