Showing 1 - 10 of 16
CEOs, managers and non-managerial employees’ ideas enhances small firms’ innovation performance. A Heckman selection model … innovation performance. However, contributions depend heavily on the individuals’ area of expertise and on whether product or … process innovation is desired. Our findings enrich the current view on the entrepreneurial team, but also warn against the …
Persistent link: https://www.econbiz.de/10009509658
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10003301146
the innovation process. Markets with high competition also force enterprises to produce imitative innovations but give …
Persistent link: https://www.econbiz.de/10011448648
This paper studies the effects of different public innovation funding programs on the innovation output and export … contributes to higher innovation outputs, which in turn translates into higher export success in later years. This relation … however only holds for certain sources of public funding and certain types of innovation output. Innovation support from the …
Persistent link: https://www.econbiz.de/10011566487
costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance … collaborative R&D projects in total R&D projects is associated with a higher probability of product innovation and with a higher … market success of new products. While we can confirm previous findings in terms of gains for innovation performance, we also …
Persistent link: https://www.econbiz.de/10010440100
mezzanine capital, when facing a loan denial. -- Investment ; loan availability ; innovation ; private equity …
Persistent link: https://www.econbiz.de/10003961525
The massive economic crisis 2008/09 had substantial impacts on the innovation activities of the German economy. The … loss in sales and profits resulted in a sharp decline of innovation expenditure. While capital expenditure for new products … and improved processes were cut substantially, R&D budgets basically remained unchanged. Firms with innovation and R …
Persistent link: https://www.econbiz.de/10009424135
privately financed R&D and subsidyinduced R&D investment to evaluate their respective effects on innovation performance. The … collaborate internationally as well as for SMEs. -- Innovation Policy ; Subsidies ; R&D ; SMEs ; International Collaboration … ; Treatment Effects ; Innovation Performance …
Persistent link: https://www.econbiz.de/10009686768
financial crisis 2008/2009 on their business customers’ innovation activity. Using a matched bank-firm data set for Germany, we … find that having relations with a more severely affected bank seriously hampers firms’ current innovation activities due to … initiate new product and process innovations and to reallocate human resources to innovation during the financial crisis. …
Persistent link: https://www.econbiz.de/10011798962
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