This paper develops a dynamic model in which the productivity of joint research governs strategic investment timing in innovation races. Departing from the standard assumption that discovery rates scale proportionally with the number of active firms, we allow research to exhibit decreasing or...

Die Dekarbonisierung der deutschen Industrie erfordert grundlegende Veränderungen der Produktionsprozesse. Viele der dafür benötigten Technologien sind bislang jedoch noch nicht im industriellen Maßstab erprobt und mit erheblichen technologischen, infrastrukturellen und marktbezogenen...

Das Thema KI-gestützter Entscheidungsunterstützung im Immobilien-Investmentmanagement wird derzeit vor allem im Kontext von Effizienz, Standardisierung und Automatisierung diskutiert. Die vorliegende Arbeit analysiert daher Unterschiede in Argumentationslogik, Gewichtung zentraler...

We study how firms' investment responds to interest rate changes based on a German firm survey, combining hypothetical vignettes, open-ended questions, and rich firm data. We estimate a 7 percent semi-elasticity of investment to loan rates-about half the total corporate investment response to...

Over the past decades, a growing body of research has examined the structural and behavioral barriers that hinder firms from adopting cost-effective technologies to improve energy efficiency. In this paper, we draw on firm-level data from the EIB Investment Survey combined with energy efficiency...

In an imperfect capital market, firms face financial constraints due to information asymmetry. These constraints have a significant impact on the effectiveness of investment decisions. When either an underinvestment or overinvestment process occurs, it directly affects the firm's value. This...

For many decades, time-series forecasting has been applied to different problems by scientists and industries. Many models have been introduced for the purpose of forecasting. These advancements have significantly improved the accuracy and reliability of predictions, especially in complex...

Understanding how investors maintain positions during adverse market conditions, investment grip, is increasingly important as retail participation rises and information environments diversify. While prior research identifies demographic, psychological, and economic determinants of investment...

We investigate the impact of mergers on R&D incentives within a framework of R&D competition where effort can influence both the probability of innovation and the payoff conditional on success. Our framework nests the results of two classes of existing models and reveals assumptions that are...

This study empirically investigates the determinants of financial success for startups engaged in impact versus conventional investment, performing a landscape analysis of the MENA region's financial ecosystem. Using the total equity funding amount (TEFA) as a performance proxy, we analyzed data...

This study investigates how credit supply shocks impact firm-level investment across the euro area using the novel AnaCredit database. Employing the methodology developed by Amiti and Weinstein (2018), we decompose loan growth rates into four components: bank-specific, firm-specific,...

Despite the growing prominence of impact investing in both research and practice, the definition of social and environmental impact remains contested. Rather than resolving the elusiveness of impact, we examine how impact venture capitalists (IVCs) leverage this ambiguity in their everyday...

Much research has examined the drivers of firms' R&D investments. However, many questions remain with respect to the role of R&D as a learning target and as a means of achieving legitimacy, particularly in the context of imitative R&D strategy. We develop a theory that integrates different...

Deutschland befindet sich in einer andauernden Schwächephase. Die Wirtschaft ist seit dem Ausbruch der Coronapandemie nicht mehr gewachsen. Vor diesem Hintergrund stellt sich im Vorfeld der Bundestagswahl die Frage, wie die Parteien die Investitionstätigkeit ankurbeln wollen und welche...

In seeking to reach upper middle-income status by 2030 and high-income status by 2045, Vietnam aspires to become a modern and industrialized nation with a higher quality of life for its citizens. After this brief introduction, the following section provides a background on the trends in the...

Personality drives human decision-making. Research on corporate research and development (R&D), however, typically considers strategic decision-making to be independent of the decisionmaker’s personality traits. This study investigates the impact of CEO personality on scaling activities in...

The shift toward a sustainable future demands substantial investments in green technologies and infrastructure, with green finance emerging as a pivotal driver for mobilizing such investments. This paper introduces a novel framework for green investment models and platforms tailored specifically...