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Persistent link: https://www.econbiz.de/10002591001
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/10002515503
Classical patent literature assumes that patents grant well-defined legal rights to exclude others from practicing an invention. In this scenario, start-up companies benefit from the exclusive right to commercialize patent-protected inventions and the certification effect of patents which...
Persistent link: https://www.econbiz.de/10010204045
This paper examines the role of venture capital on a firm's innovation activities by using a data set of German … technology-based firms founded between 1996 and 2005. Innovation is proxied by patent counts and an index of innovativeness which …
Persistent link: https://www.econbiz.de/10010193833