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Are there financing constraints for R&D and investment in German manufacturing firms?

Harhoff, Dietmar - 1996

Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the … time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …

Persistent link: https://www.econbiz.de/10011621855

R&D investment under financing constraints

Giebel, Marek; Kraft, Kornelius - 2020

This paper tests for the sensitivity of R&D to financing constraints conditional on restrictions in external financing. Financing constraints of firms are identified by an exogenously calculated rating index. Restrictions in external financing are determined by (i) the specific time period...

Persistent link: https://www.econbiz.de/10012196342

Subsidies and innovation in the recent financial crisis

Giebel, Marek; Kraft, Kornelius - 2021

We analyze the impact of subsidies on R&D expenditures in the financial crisis and beyond. The financial crisis has led to considerable turmoil in financing and, as a result, to restrictions of firms' access to external financing. Utilizing this fact, we identify and analyze financing...

Persistent link: https://www.econbiz.de/10012793582

Are there financing constraints for R&D and investment in German manufacturing firms?

Harhoff, Dietmar - 1996

Persistent link: https://www.econbiz.de/10000647702

Investment, R&D and financial constraints in Britain and Germany

Bond, Stephen (contributor); Harhoff, Dietmar (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001930570

Statistical governance and FDI in emerging economies

Kalckreuth, Ulf von - 2019

of foreign direct investment liabilities. Direct investment is considerably higher under GDDS. Controlling also for time …

Persistent link: https://www.econbiz.de/10012102658

Patent collateral and access to debt

Bracht, Felix; Czarnitzki, Dirk - 2022 - This version: August 3, 2022

We investigate how intangible capital in form of intellectual property, such as patents, might mitigate financing constraints. While scholars have already argued that patents might have a signalling value reducing information asymmetries between borrowers and lenders, we quantify the value of...

Persistent link: https://www.econbiz.de/10013346735

The impact of inflation on corporate taxes and the cash flows of business

Jenkins, Glenn P. - 1985

Persistent link: https://www.econbiz.de/10000334726

Equilibrium asset pricing in directed networks

Branger, Nicole; Konermann, Patrick; Meinerding, Christoph - 2018

Directed links in cash flow networks affect the cross-section of price exposures and market prices of risk in equilibrium. In an asset pricing model featuring mutually exciting jumps, we measure directedness through an asset's shock propagation capacity (spc). In the model, we prove: (i) Cash...

Persistent link: https://www.econbiz.de/10011900728

Berücksichtigung von Steuern bei der Bewertung von Unternehmen am Beispiel der DCF-Methoden

Laas, Tim - 2000

In dem letzten Jahrzehnt wurde die Berücksichtigung von Steuern bei der Bewertung von Unternehmen in Theorie und Praxis intensiv diskutiert. Resultat dieser Diskussion war eine Änderung der öffentlichen Stellungnahmen der Wirtschaftsprüfer in Richtung der zwingenden Integration persönlicher...

Persistent link: https://www.econbiz.de/10013428362