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Spillovers of Innovation Activities and Their Profitability

Czarnitzki, Dirk - 2015

Knowledge spillovers to competitors are regarded as an important aspect of the innovation process. While a company …

Persistent link: https://www.econbiz.de/10012707747

Capital Control, Debt Financing and Innovative Activity

Czarnitzki, Dirk - 2014

innovation, i.e. weakly controlled managers show a higher innovation propensity. However, the higher the leverage the more …

Persistent link: https://www.econbiz.de/10012710126

The Knowledge Production of 'R' and 'D'

Czarnitzki, Dirk; Kraft, Kornelius; Thorwarth, Suzanne - 2013

Many studies investigate the relationship between R&D expenditures as an input and patents as an intermediate product or output of a knowledge production function. We suggest that the productivity of research in patent production functions has been underestimated in the literature, as scholars...

Persistent link: https://www.econbiz.de/10014215973

Do Spillovers Stimulate Incremental or Drastic Product Innovations? Hypotheses and Evidence from German Establishment Data

Kraft, Kornelius; Jirjahn, Uwe - 2014

We estimate the determinants of various types of product innovation. Knowledge spillovers from rivals have a positive … exert no such independent influence on drastic innovation activities. The results support the hypothesis that establishments …

Persistent link: https://www.econbiz.de/10014027138

Profit-Sharing and Innovation

Aerts, Kris - 2014

We investigate the effect of profit-sharing on product and process innovation. Profit-sharing is a credible commitment … that the introduction of profit-sharing only spurs product innovation …

Persistent link: https://www.econbiz.de/10013060795

Managerial Ownership, Entrenchment and Innovation

Czarnitzki, Dirk - 2014

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/10013068231

Subsidies and Innovation in the Recent Financial Crisis

Giebel, Marek; Kraft, Kornelius - 2022

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

The Impact of the Financial Crisis on Investments in Innovative Firms

Giebel, Marek - 2015

This paper investigates the impact of the financial crisis on investment decisions in innovative versus non-innovative firms. Firms are defined as being innovative if they have introduced a new product to the market. The empirical test is based on data for the years before and after the recent...

Persistent link: https://www.econbiz.de/10013014643

External Financing Constraints and Firm's Innovative Activities During the Financial Crisis

Giebel, Marek - 2017

innovation activities of their business customers. Individual banks' liquidity shocks are identified by the degree of interbank … total innovation expenditures in comparison to the periods before. Our results imply that those firms which have a business … relation to a bank with higher interbank market reliance reduce their innovation activities during the financial crisis to a …

Persistent link: https://www.econbiz.de/10012941280

Does Codetermination Affect the Composition of Variable Versus Fixed Parts of Executive Compensation?

Dyballa, Katharina - 2015

Contrary to previous literature we hypothesize that interests of labor may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...

Persistent link: https://www.econbiz.de/10013017462