Haftungsregeln und Innovation

von Dirk Czarnitzki und Kornelius Kraft

This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity involves risk. On the one hand, the risk of firm owners is limited if their liability is limited. On the other hand credits will be more difficult to receive if liability is limited. The paper first discusses these issues theoretically and then presents empirical results on R&D intensity with respect to sales and to investment into capital. We find that firms with limited liability undertake more R&D than other firms. The legal form has no impact on capital investment.

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Year of publication:	September 2000
Authors:	Czarnitzki, Dirk ; Kraft, Kornelius
Publisher:	Mannheim : ZEW
Subject:	Innovation \| Capital Investment \| Limited Liability \| Tobit-Regression \| Industrieforschung \| Industrial research \| Investitionsrisiko \| Investment risk \| Anreiz \| Incentives \| Schätzung \| Estimation \| Deutschland \| Germany \| Beschränkte Haftung \| Limited liability \| Haftung \| Unternehmensform \| Rechtsform

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Extent:	1 Online-Ressource (circa 24 Seiten)
Series:	ZEW discussion papers. - Mannheim : ZEW, ZDB-ID 2125128-9. - Vol. no. 00-38
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	German
Notes:	Zusammenfassung in englischer Sprache
Other identifiers:	hdl:10419/24385 [Handle]
Classification:	O32 - Management of Technological Innovation and R&D ; O31 - Innovation and Invention: Processes and Incentives ; C24 - Truncated and Censored Models ; G32 - Financing Policy; Capital and Ownership Structure ; O33 - Technological Change: Choices and Consequences; Diffusion Processes
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011444773