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The combination of research and development units following a merger or an acquisition usually requires a broad and widespread integration project to ensure that a company?s innovative capabilities are carried forward into the future. Previous research has shown, however, that the combined...
Persistent link: https://www.econbiz.de/10005097826
representative evidence on the impact of the economic environment on employee opposition against the implementation of an innovation … innovation is an increase in employee performance, the firm experiences higher resistance, while resistance is lower in firms … aiming at increasing the product range by the innovation. Profit and turn over expectations of the firm and the outside …
Persistent link: https://www.econbiz.de/10005098384
Previous literature provided evidence on financing constraints for investment in R&D activities due to capital market imperfections and special features of R&D investments. Moreover, it has been shown that a shift in capital structure towards more debt, results in a reduction of R&D investments....
Persistent link: https://www.econbiz.de/10008533548
The sensitivity of innovation activities with respect to the business cycle is often assumed to be small. In this paper … the hypothesis on cyclical dependence of innovation activities is tested for firms in the German manufacturing, and … additionally for SMEs. To this end firms? innovation decisions are considered. The decision to innovate in one period is modelled …
Persistent link: https://www.econbiz.de/10005097512
Innovation Survey (CIS). The empirical results demonstrate that R&D location matters for profitability. Firms with both domestic …
Persistent link: https://www.econbiz.de/10008869230
This paper empirically studies the impact of the adoption of open source software (OSS) on firms' labor productivity and innovative behavior. Using a representative sample of German firms, the results show that the adoption of OSS operating systems for servers and general OSS applications has no...
Persistent link: https://www.econbiz.de/10008615600
as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying … their own interests. When entrenched, managers do not fear detrimental effects of risky innovation projects on their career …, and hence tend to over-invest into innovation. …
Persistent link: https://www.econbiz.de/10009003577
This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of … alternatives of use. If they selected additional innovation projects, they must have had some unexploited investment opportunities … that were not profitable using more costly external finance. We attribute constraints for innovation not only to lacking …
Persistent link: https://www.econbiz.de/10009147345
Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...
Persistent link: https://www.econbiz.de/10009323616
analysis rests on the German data from the Europe-wide Community Innovation Survey (CIS). We use a unique data set of about 900 … domestic innovation activities the later wave reports IP infringements. In a second analysis, the likelihood of infringements … from innovation host countries and no innovation host countries abroad is examined. Before the empirical analysis, an …
Persistent link: https://www.econbiz.de/10008794606