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Industrial research versus development investment: the implications of financial constraints

Czarnitzki, Dirk; Hottenrott, Hanna; Thorwarth, Susanne - 2009

Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market imperfections and special features of R&D investments. Moreover, it has been shown that a shift in capital structure towards more debt, results in a reduction of R&D investments....

Persistent link: https://www.econbiz.de/10010299174

Industrial research versus development investment : the implications of financial constraints

Czarnitzki, Dirk; Hottenrott, Hanna; Thorwarth, Susanne - 2009

recipients' investment is less sensitive to internal liquidity. -- Research and development ; liquidity constraints ; innovation …

Persistent link: https://www.econbiz.de/10003881344

Do spillovers stimulate incremental or drastic product innovations? : Hypotheses and evidence from German establishment data

Jirjahn, Uwe (contributor); Kraft, Kornelius (contributor) - 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/10003319674

Haftungsregeln und Innovation

Czarnitzki, Dirk - 2000

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

Persistent link: https://www.econbiz.de/10013428336

Management control and innovative activity

Czarnitzki, Dirk - 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/10013428380

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

Co-determination and innovation

Kraft, Kornelius; Stank, Jörg; Dewenter, Ralf - 2009

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/10010288477

Innovative capability and financing constraints for innovation: More money, more innovation?

Hottenrott, Hanna; Peters, Bettina - 2012

This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of …. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were … not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing …

Persistent link: https://www.econbiz.de/10010310988

Co-determination and innovation

Kraft, Kornelius; Stank, Jörg; Dewenter, Ralf - 2009

-determination slows down technological progress and reduces innovativeness. -- Co-determination ; innovation ; patents …

Persistent link: https://www.econbiz.de/10009517154

Co-Determination and Innovation

Kraft, Kornelius - 2009

Persistent link: https://www.econbiz.de/10013155322

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