Showing 1 - 10 of 10
This paper examines the effect of the German co-determination law of 1976 (MitbestG) on the innovative activity of German firms. Co-determination applies to firms with 2000 employees or more. Data from 1971-1976 and 1981-1990 on 148 firms are used to compare the number of patents granted to...
Persistent link: https://www.econbiz.de/10013155322
that being a generalist does not seem to be important in this regard. Finally, we find that innovation positively moderates …
Persistent link: https://www.econbiz.de/10013034374
Technological innovation has historically contributed to inclusive economic growth in Germany. In more recent decades …, however, this contribution has weakened due to the declining impact of technological innovation on labor productivity growth … technological innovation to raise labor productivity. This paper identifies three reasons why technological innovation has become …
Persistent link: https://www.econbiz.de/10012941243
In this paper, we describe the historical co-evolution of innovation and economic growth in Germany since 1871. The … country's rise as an industrial power in the late 19th century, through its innovation and entrepreneurial performance, is … nevertheless a period during which innovation went into relative decline. We document this decline and offer four broad …
Persistent link: https://www.econbiz.de/10013243101
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …
Persistent link: https://www.econbiz.de/10013083098
This study examines differences in employment growth between firms with and without works councils by separating introduction effects from potential selectivity effects. Using a difference in differences framework, we show that firms with works councils have higher employment growth before...
Persistent link: https://www.econbiz.de/10013096773
Contrary to previous literature we hypothesize that labor's interest may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...
Persistent link: https://www.econbiz.de/10012984836
Artificial Intelligence (AI) is a potentially powerful tool in the fight against the COVID- 19 pandemic. Since the outbreak of the pandemic, there has been a scramble to use AI. This article provides an early, and necessarily selective review, discussing the contribution of AI to the fight...
Persistent link: https://www.econbiz.de/10012837903
Breakthroughs and backlashes have marked progress in the development and diffusion of Artificial Intelligence (AI). These shocks make the investment in developing an Artificial General Intelligence (AGI) subject to considerable uncertainty. This paper applies a real options model, extended to...
Persistent link: https://www.econbiz.de/10014083861
we contribute to the debate on HCAI by arguing that public procurement and innovation (PPaI) can be used to incentivize … with calls for mission-oriented and challenge-led innovation policies. Our paper also contributes to the emerging …
Persistent link: https://www.econbiz.de/10013251536