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This study investigates how local milieus foster innovation success of firms. We complement the common practice of … availability of highly skilled labor and the proximity to suppliers matters for firms? innovation performance. Interestingly …, location factors obtained from the survey provide a more accurate explanation on how local milieus facilitate innovation. …
Persistent link: https://www.econbiz.de/10010297993
This study investigates how local milieus foster innovation success in firms. We complement the common practice of … availability of highly skilled labor and the proximity to suppliers matter for firms' innovation performance. Interestingly …, location factors obtained from the survey provide a more accurate explanation of how local milieus facilitate innovation. …
Persistent link: https://www.econbiz.de/10010298674
We analyze financial constraints for R&D, where we account for heterogeneity among investments which has been neglected in previous literature. According to economic theory, investments should be distinguished by their degree of uncertainty, e.g. routine R&D versus cutting-edge R&D. Financial...
Persistent link: https://www.econbiz.de/10010297990
This study tests for financial constraints on R&D investment and how they differ from capital investment. To identify constraints in the access to external capital, we employ a credit rating index. Our models show that internal constraints, measured by mark-ups, are more decisive for R&D than...
Persistent link: https://www.econbiz.de/10010298058
We analyze financial constraints for R&D, where we account for heterogeneity among investments which has been neglected in previous literature. According to economic theory, investments should be distinguished by their degree of uncertainty, e.g. routine R&D versus cutting-edge R&D. Financial...
Persistent link: https://www.econbiz.de/10005097957
This study tests for financial constraints on R&D investment and how they differ from capital investment. To identify constraints in the access to external capital, we employ a credit rating index. Our models show that internal constraints, measured by mark-ups, are more decisive for R&D than...
Persistent link: https://www.econbiz.de/10005098128