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Complementarity between technology make and buy in innovation strategies: Evidence from Belgiam manufacturing firms

Cassiman, Bruno; Veugelers, Reinhilde - Department of Economics and Business, Universitat … - 1998

This paper characterizes the innovation strategy of manufacturing firms and examines the relation between the … innovation strategy and important industry-, firm- and innovation-specific characteristics using Belgian data from the Eurostat … Community Innovation Survey. In addition to important size effects explaining innovation, we find that high perceived risks and …

Persistent link: https://www.econbiz.de/10005771954

Aggregate consequences of limited contract enforceability

Cooley, Thomas; Marimon, Ramon; Quadrini, Vicenzo - Department of Economics and Business, Universitat … - 1999

We study a general equilibrium model in which entrepreneurs finance investment with optimal financial contracts. Because of enforceability problems, contracts are constrained efficient. We show that limited enforceability amplifies the impact of technological innovations on aggregate output....

Persistent link: https://www.econbiz.de/10005772132

Entrepreneurial risk, investment and innovation

Caggese, Andrea - Department of Economics and Business, Universitat … - 2006

innovation is stronger for the less diversified entrepreneurial firms, and is stronger in the absence of financing frictions in …

Persistent link: https://www.econbiz.de/10005772208

Competition, innovation and growth with limited commitment

Marimon, Ramon; Quadrini, Vincenzo - Department of Economics and Business, Universitat … - 2005

We study how barriers to business start-up affect the investment in knowledge capital when contracts are not enforceable. Barriers to business start-up lower the competition for knowledge capital and, in absence of commitment, reduce the incentive to accumulate knowledge. As a result, countries...

Persistent link: https://www.econbiz.de/10005704976