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Patents as quality signals? The implications for financing constraints on R&D

Czarnitzki, Dirk; Hall, Bronwyn H.; Hottenrott, Hanna - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...

Persistent link: https://www.econbiz.de/10010957591

R&D partnerships and innovation performance: Can there be too much of a good thing?

Hottenrott, Hanna; Lopes-Bento, Cindy - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014

costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance … collaborative R&D projects in total R&D projects is associated with a higher probability of product innovation and with a higher … market success of new products. While we can confirm previous findings in terms of gains for innovation performance, we also …

Persistent link: https://www.econbiz.de/10011097460

Innovation Success of Non-R&D-Performers: Substituting Technology by Management in SMEs

Spielkamp, Alfred; Czarnitzki, Dirk; Rammer, Christian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

This paper investigates the impact of in-house R&D and innovation management practices on innovation success in small … innovation management tools in order to achieve innovation success. We analyse whether such a strategy can pay off. Based on data … from the German CIS we find that R&D activities are a main driver for innovation success if combined with external R …

Persistent link: https://www.econbiz.de/10005097673

Drivers and Effects of Internationalising Innovation by SMEs

Rammer, Christian; Schmiele, Anja - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

This paper investigates the drivers and effects of the internationalisation of innovation activities in SMEs based on a … large data set of German firms covering the period 2002-2007. We look at different stages of the innovation process (R …, home market competition and innovationrelated location advantages for an SME's decision to engage in innovation activities …

Persistent link: https://www.econbiz.de/10005097716

Financial Constraints: Routine Versus Cutting Edge R&D Investment

Binz, Hanna L.; Czarnitzki, Dirk - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

We analyze financial constraints for R&D, where we account for heterogeneity among investments which has been neglected in previous literature. According to economic theory, investments should be distinguished by their degree of uncertainty, e.g. routine R&D versus cutting-edge R&D. Financial...

Persistent link: https://www.econbiz.de/10005097957

R&D Investment and Financing Constraints of Small and Medium-Sized Firm

Czarnitzki, Dirk; Binz, Hanna L. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

This study tests for financial constraints on R&D investment and how they differ from capital investment. To identify constraints in the access to external capital, we employ a credit rating index. Our models show that internal constraints, measured by mark-ups, are more decisive for R&D than...

Persistent link: https://www.econbiz.de/10005098128

Drivers and Effects of Internationalising Innovation by SMEs

Schmiele, Anja; Rammer, Christian - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

This paper investigates the drivers and the effects of the internationalisation of innovation activities in SMEs based … on a large data set of German firms covering the period 2002-2007. We look at different stages of the innovation process … resources, home market competition and innovationrelated location advantages for an SME's decision to engage in innovation …

Persistent link: https://www.econbiz.de/10005098387