Czarnitzki, Dirk; Kraft, Kornelius - In: Journal of Economics and Statistics (Jahrbuecher fuer … 220 (2000) 5, pp. 513-526
firms with less than 1000 employees because larger firms have mostly a legal form with limited liability. On the one hand …, we find that firms with limited liability undertake more R&D than other firms. On the other hand, the legal form has no … impact on capital investment. Research and development, capital investment, limited liability, Tobit regression. …