Der vorliegende Forschungsbericht untersucht den Einfluss der regionalen Unternehmensgrößenstruktur auf die Resilienz von europäischen Regionen in den Jahren der Wirtschafts- und Finanzkrise 2008/2009. Die Ergebnisse zeigen, dass im Durchschnitt Europas – zumindest in der untersuchten...

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...

Competition in the U.S. appears to have declined. One contributing factor may have been heterogeneity in the availability of credit during the financial crisis. I examine the impact of product market peer credit constraints on long-run competitive outcomes and behavior among non-financial firms....