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ICT, Innovation and Business Performance in Services: Evidence for Germany and the Netherlands
van der Wiel, Henry; van Leeuwen, George; Hempell, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004
deepening and innovation for productivity. We employ a model that takes into account that innovation and ICT use may be … technological innovations on a more permanent basis. Moreover, the joint impact of ICT use and permanent technological innovation on … productivity appears to be of the same order of magnitude in the two countries. However, the direct impacts of innovation on multi …
Persistent link: https://www.econbiz.de/10005097585
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Does Experience Matter? Innovations and the Productivity of ICT in German Services
Hempell, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002
In this paper, it is argued that ICT investment is closely linked with complementary innovations and most productive in firms with innovative experience. In an analysis based on firm?level panel data covering the period 1994?99, system GMM estimates for an extended production function framework...
Persistent link: https://www.econbiz.de/10005097592
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The importance of equity finance for R&D activity: are there differences between young and oldcompanies?
Mueller, Elisabeth; Zimmermann, Volker - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10008469765
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The Importance of Equity Finance for R&D Activity: Are There Differences Between Young and OldCompanies?
Mueller, Elisabeth; Zimmermann, Volker - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10005097918
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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
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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
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The Importance of Equity Finance for R&D Activity: Are There Differences Between Young and OldCompanies?
Zimmermann, Volker; Mueller, Elisabeth - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2007
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10005098388