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This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...
Persistent link: https://www.econbiz.de/10013428380
Economics and innovation scholars have long recognized the potential of public procurement to trigger innovation. To …? This paper addresses these issues by providing a literature survey of research on public procurement of innovation (PPI …: i) Does PPI spur innovation? ii) How should PPI be designed to best spur innovation? iii) What are the main barriers to …
Persistent link: https://www.econbiz.de/10013499115
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
We study the implications of services trade for firm innovation. Using a quasi-experimental shift-share design, we find …’ innovation efficiency by mitigating decreasing economies of scale in in-house innovation efforts. As a result, firms become more … likely to outsource innovation efforts as they become more innovative, whereas the prevalence of offshoring depends on its …
Persistent link: https://www.econbiz.de/10015048739
Does workload constitute a bottleneck to a public agency’s mission, and if so, to what extent? We ask these questions in the context of the US government’s procurement of R&D. We link tender, contract, patent, and office records to the identity of the officer responsible for the procurement...
Persistent link: https://www.econbiz.de/10012596749
influence of institutional shareholders. Our findings also suggest that the adoption of ESG variables in managerial performance …
Persistent link: https://www.econbiz.de/10013435292
Persistent link: https://www.econbiz.de/10014320254
Persistent link: https://www.econbiz.de/10000888170
Does the structure of banking markets affect macroeconomic volatility and, if yes, is this link different in low-income countries? Banking markets in low-income countries differ from those in developed market economies. Banking systems in lower-income countries are typically smaller and less...
Persistent link: https://www.econbiz.de/10010471853