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R&D Investment and Financing Constraints of Small and Medium-Sized Firms

Hottenrott, Hanna - 2013

This study tests for financial constraints on Ramp;D investment and how they differ from capital investment. To … constraints, measured by mark-ups, are more decisive for Ramp;D than for capital investment. For external constraints, we find a … monotonic relationship between the level of constriction and firm size for both types of investment. Thus, external constraints …

Persistent link: https://www.econbiz.de/10012711028

An empirical test of the asymmetric models on innovative activity : who invests more into R&D - the incumbent or the challenger?

Czarnitzki, Dirk; Kraft, Kornelius - 2000

The theoretical discussion concerning the question whether the incumbent or the (potential) entrant invests more into R&D has attracted considerable interest. This paper reports the results of an empirical study on this question using data of about 3500 German firms over the years 1992 to 1995....

Persistent link: https://www.econbiz.de/10011444512

Management control and innovative activity

Czarnitzki, Dirk; Kraft, Kornelius - 2000

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

Management control and innovative activity

Czarnitzki, Dirk; Kraft, Kornelius - In: Review of industrial organization : RIO 24 (2004) 1, pp. 1-24

Persistent link: https://www.econbiz.de/10002140578

Evaluation of public R&D policies : a cross-country comparison

Czarnitzki, Dirk; Lopes Bento, Cindy - 2010

This study focuses on the effect of public funding on internal R&D investment and on total innovation intensity on a …

Persistent link: https://www.econbiz.de/10008665042

Managerial ownership, entrenchment and innovation

Beyer, Mila; Czarnitzki, Dirk; Kraft, Kornelius - 2011

Persistent link: https://www.econbiz.de/10009306343

Managerial ownership, entrenchment and innovation

Beyer, Mila; Czarnitzki, Dirk; Kraft, Kornelius - In: Economics of innovation and new technology 21 (2012) 7/8, pp. 679-699

Persistent link: https://www.econbiz.de/10009707245

Managerial ownership, entrenchment and innovation

Beyer, Mila; Czarnitzki, Dirk; Kraft, Kornelius - 2011

Principle-agent theory suggests managers might under-invest into R&D for reasons of risk tied to project failure, such as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying higher remuneration, power and prestige. Using a sample...

Persistent link: https://www.econbiz.de/10008938024

R&D investment and financing constraints of small and medium-sized firms

Czarnitzki, Dirk; Hottenrott, Hanna - In: Small business economics : an entrepreneurship journal 36 (2011) 1, pp. 65-83

Persistent link: https://www.econbiz.de/10008808158

R&D investment and financing constraints of small and medium-sized firms

Czarnitzki, Dirk (contributor); Binz, Hanna L. (contributor) - 2008

This study tests for financial constraints on R&D investment and how they differ from capital investment. To identify …, measured by mark-ups, are more decisive for R&D than for capital investment. For external constraints, we find a monotonic … relationship between the level of constriction and firm size for both types of investment. Thus, external constraints turn out to …

Persistent link: https://www.econbiz.de/10003728587