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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/10010297732
This paper considers the effect of different firm leadership on the innovative performance of firms from seven EU countries. We investigate whether owner-led or manager-led firms achieve a larger share of their turnover with product innovations. Economic theory does not propose clear answers to...
Persistent link: https://www.econbiz.de/10010297773
In dieser Arbeit werden die verschiedenen Anreize für Manager im Vergleich zu Unternehmenseignern untersucht, Innovationen durchzuführen. Bei den Anreizen treten gegenläufige Effekte der Innovationsanstrengungen auf. Unsere Untersuchung über die Determinanten des Innovationserfolges liefert...
Persistent link: https://www.econbiz.de/10010297807
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/10010297958
Knowledge spillovers to competitors are regarded as an important aspect of the innovation process. While a company …
Persistent link: https://www.econbiz.de/10010297973
Extending a recently developed multi-product model and distinguishing between different product and process innovation … activities, this paper reports new results on the relationship between innovation and employment growth in manufacturing and … information provided by CIS data. It establishes a theoretical link between employment growth and innovation output. The …
Persistent link: https://www.econbiz.de/10010298012
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/10010298015
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/10010298045
Many studies investigate the relationship between R&D expenditures as an input and patents as an intermediate product or output of a knowledge production function. We suggest that the productivity of research in patent production functions has been underestimated in the literature, as scholars...
Persistent link: https://www.econbiz.de/10010298057
This paper investigates whether failure in innovation at the firm level can account for cross-country heterogeneity in …, differs in a number of ways from much of the previous cross-country comparisons on the relationship between innovation and … productivity using firm-level data. First, a broader definition of innovation input is used in which research and development is …
Persistent link: https://www.econbiz.de/10010298125