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On the Profitability of Innovative Assets

Kraft, Kornelius; Czarnitzki, Dirk - 2004

Successful innovative activity is a major contribution to the intangible capital of firms. Although its importance is generally acknowledged, the contribution to companies? profits is a priori unclear. We present the results of an empirical study on the effects of the patent stock on...

Persistent link: https://www.econbiz.de/10010297363

Do Spillovers Stimulate Incremental or Drastic Product Innovations? Hypotheses and Evidence from German Establishment Data

Jirjahn, Uwe; Kraft, Kornelius - 2006

We estimate the determinants of various types of product innovation. Knowledge spillovers from rivals have a positive … exert no such independent influence on drastic innovation activities. The results support the hypothesis that establishments …

Persistent link: https://www.econbiz.de/10010297531

Haftungsregeln und Innovation

Czarnitzki, Dirk; Kraft, Kornelius - 2000

This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity …

Persistent link: https://www.econbiz.de/10010297701

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/10010297732

Firm leadership and innovative performance: evidence from seven EU Countries

Kraft, Kornelius; Czarnitzki, Dirk - 2001

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

Spillovers of Innovation Activities and Their Profitability

Czarnitzki, Dirk; Kraft, Kornelius - 2007

Knowledge spillovers to competitors are regarded as an important aspect of the innovation process. While a company …

Persistent link: https://www.econbiz.de/10010297973

The Knowledge Production of 'R' and 'D'

Thorwarth, Susanne; Kraft, Kornelius; Czarnitzki, Dirk - 2008

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

R&D and Firm Performance in a Transition Economy

Czarnitzki, Dirk; Kraft, Kornelius - 2006

We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison of firms in Western Germany and Eastern Germany as a transitional economy. Innovative activity has a positive impact on firm value proxied by ratings in Western Germany, but a...

Persistent link: https://www.econbiz.de/10010297541

Innovationsstrategien und Forschungsaktivitäten ostdeutscher Unternehmen

Felder, Johannes; Spielkamp, Alfred - 1998

This paper deals with the innovation behavior and the R&D activities at the firm level in East Germany. The theoretical … innovation and R&D lack at the firm level. …

Persistent link: https://www.econbiz.de/10010297582

Appropriability, opportunity, firm size and innovation activities: empirical results using East and West German firm level data

Felder, Johannes; Licht, Georg; Nerlinger, Eric A.; … - 1995

of the hypotheses raised in this literature. It employs the data of the first wave of the Mannheim Innovation Panel …&D we also used the concept of total innovation expenditures to capture the importance of non R& D innovation activities … which are especially important for small firms. (3) We give reliable estimates on the occurrence of R&D and innovation …

Persistent link: https://www.econbiz.de/10010299600