Schmidt, Tobias; Schwiebacher, Franz; Sofka, Wolfgang - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
and exploit external knowledge. We test both hypotheses on an empirical basis for more than 600 German firms, covering … project selection patterns. Extensive R&D experience materialises as a stock of knowledge that enables firms to judge projects … based on knowledge criteria. Non-R&D innovation experience, stemming from producing and introducing products to markets …