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This article investigates how a firm's financial strength affcts its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech manufacturing industries. The model incorporates a measure of the firm's financial strength, derived from its...
Persistent link: https://www.econbiz.de/10011404565
This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity …
Persistent link: https://www.econbiz.de/10011444773
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/10011445230
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/10011446303
This study examines how industry-specific managerial experience affects firms’ innovation performance in the context of …
Persistent link: https://www.econbiz.de/10010238366
known about how the direction of search strategies influences innovation performance. In this paper, we argue that firms … that being open for innovation generally pays off. However, both moderating factors have a crucial role to play: On the one … novel knowledge and to enhance innovation performance. We develop targeted management recommendations based on these results …
Persistent link: https://www.econbiz.de/10003824059
Searching for externally available knowledge has been characterized as a vital part of the innovation process. The … availability of such innovation impulses, however, critically depends on the environment a firm is operating in. Little is known on … how institutional infrastructures for innovation differ with respect to the munificence in providing innovation impulses …
Persistent link: https://www.econbiz.de/10003888010
This paper aims to shed light on firm specific drivers that lead firms to internationalise their innovation activities …’s competitive environment and the influence of innovation obstacles in the home country. In particular, the role of the potential … used to observe their impact on the decision to locate innovation activities in various countries and regions (China …
Persistent link: https://www.econbiz.de/10003888033
The shift towards more open and interconnected innovation activities has been a major topic of recent academic and … universities, to increase the effectiveness of their innovation activities. Hence, management needs to define search strategies for … that search strategies driven by science, suppliers and the product market will contribute differently to innovation …
Persistent link: https://www.econbiz.de/10003888039
mezzanine capital, when facing a loan denial. -- Investment ; loan availability ; innovation ; private equity …
Persistent link: https://www.econbiz.de/10003961525