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affect investments in innovation projects as such projects are typically characterized by a high degree of uncertainty …, complexity and specificity. Financing innovation externally is thus likely to be more costly compared to financing of other … investment. Hence, internal sources of financing are crucial for the implementation of innovation projects. However, internal …
Persistent link: https://www.econbiz.de/10014198373
This article investigates how a firm's financial strength affects 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...
Persistent link: https://www.econbiz.de/10013002220
innovation and employment growth in Germany. The model is tailor-made for analysing firm-level employment effects of innovations … using specific information provided by CIS data. It establishes a theoretical link between employment growth and innovation …
Persistent link: https://www.econbiz.de/10014069151
This paper explores the role of R&D worker mobility on innovation performance. As one main novelty, we employ churning … innovation through inter-firm knowledge spillovers and improved job-match quality up to certain threshold. The point when costs …
Persistent link: https://www.econbiz.de/10013094665
Recent years have shown a surge of firms globalising their innovation activities in order to gain from international … stronger dispersed international R&D activities hamper or stimulate innovation. Second, we employ two well-established market …-based indicators for innovation (introduction of and sales growth rates due to new products) instead of looking at inventions (patents …
Persistent link: https://www.econbiz.de/10013068778
This paper explores the self-organising principles of horizontally-integrated innovation networks. It isshown that such …, dynamic and highly non-linear processes. The paper argues thedevelopment of a self-organisation perspective of innovation … the micro-macro processes driving dynamic innovation systems.Section 1 of the paper identifies the four key principles of …
Persistent link: https://www.econbiz.de/10011146901
This paper analyses the current internationalisation of innovation activities and identifies the main drivers for the …-2005. Our results show that the internationalisation of innovation is mainly due to an intensified co-operation between EU … countries and joint membership in the EU are also factors that considerably spur overseas innovation activity. …
Persistent link: https://www.econbiz.de/10008603414
This paper explores the self-organising principles of horizontally-integrated innovation networks. It isshown that such …, dynamic and highly non-linear processes. The paper argues thedevelopment of a self-organisation perspective of innovation … the micro-macro processes driving dynamic innovation systems.Section 1 of the paper identifies the four key principles of …
Persistent link: https://www.econbiz.de/10005304466
Persistent link: https://www.econbiz.de/10011544920
In this paper we explore how innovation and structural change affected economic development in the long run, by which … consumers could purchase the new, higher quality, non necessities, goods and services generated by innovation. In the paper we …
Persistent link: https://www.econbiz.de/10011170466