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at the intensive margin, i.e. our results do not suggest that non-innovative companies are deterred from innovation …
Persistent link: https://www.econbiz.de/10012671880
We analyze the impact of subsidies on R&D expenditures in the financial crisis and beyond. The financial crisis has led to considerable turmoil in financing and, as a result, to restrictions of firms' access to external financing. Utilizing this fact, we identify and analyze financing...
Persistent link: https://www.econbiz.de/10012793582
disclosure is negatively associated with corporate innovation. Using a textual analysis of a large sample of 10-K filings for US … firms, we identify a negative relationship between risk disclosure and firm-level investments in R&D and innovation output …, with risk disclosure having a larger impact on innovation among firms with financial constraints. These results suggest …
Persistent link: https://www.econbiz.de/10012900989
We analyze the impact of subsidies on R&D expenditures in the financial crisis and beyond. The financial crisis has led to considerable turmoil in financing and, as a result, to restrictions of firms' access to external financing. Utilizing this fact, we identify and analyze financing...
Persistent link: https://www.econbiz.de/10013309766
for angel investors in innovation-related roles, if the start-ups are more time consuming, and for exploratory patents …. Compared to other angel investors, angel investors employed at corporations have a positive impact on future innovation and …
Persistent link: https://www.econbiz.de/10013236019
We investigate the relationship between internal governance and firms' innovation. We hypothesize that internal … firm's innovation. Using the age difference between a CEO and her subordinate executives as the primary measure of internal … governance, we find a strong positive relationship between internal governance and firms' innovation output, and scientific and …
Persistent link: https://www.econbiz.de/10014350097
at the intensive margin, i.e. our results do not suggest that non-innovative companies are deterred from innovation …
Persistent link: https://www.econbiz.de/10013311781
Using a unique panel data of Dutch innovation and financial variables we empirically investigate how financing and … innovation vary across firm characteristics. The study also tries to gauge the extent of market failure due to the presence of …, debt financing and innovation choices are not independent of firm characteristics such as age, size, and existing leverage …
Persistent link: https://www.econbiz.de/10011183757
innovation activity. The research was conducted on a sample of 403 firms, including large companies. The modified methodology for …, contrary to non-innovative SMEs and large enterprises, both the innovators and those with low innovation potential. Based on …
Persistent link: https://www.econbiz.de/10015337949
Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that … when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics …
Persistent link: https://www.econbiz.de/10010249680