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Managerial Ownership, Entrenchment and Innovation
Beyer, Mila; Czarnitzki, Dirk; Kraft, Kornelius - 2013
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/10014181017
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R&D, Innovation and the Impact on Productivity in Flanders
Czarnitzki, Dirk; O'Byrnes, Niall - 2007
Innovation Survey 2005. In particular, we investigate growth differences between R&D-performing firms and non-R&D performers. As … process innovation are introduced in the model, the contribution of R&D drops to about 4%-points. Interestingly, we find that …
Persistent link: https://www.econbiz.de/10014051210
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Sources of Spillovers for Imitation and Innovation
Cappelli, Riccardo; Czarnitzki, Dirk; Kraft, Kornelius - 2014
market (innovation). It turns out that spillovers from rivals lead to more imitation, while inputs from customers and … research institutions enhance original innovation …
Persistent link: https://www.econbiz.de/10014149698
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Firm Leadership and Innovative Performance : Evidence from Seven EU Countries
Czarnitzki, Dirk; Kraft, Kornelius - 2005
This paper considers the effect of different firm leadership on the innovative performance of firms from seven EU countries. We investigate whether owner-led or manager-led firms achieve a larger share of their turnover with product innovations. Economic theory does not propose clear answers to...
Persistent link: https://www.econbiz.de/10014028506
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Management Control and Innovative Activity
Czarnitzki, Dirk; Kraft, Kornelius - 2015
This paper discusses theoretically the different incentives of managers versus firm owners to invest in innovative activities. There are opposing effects concerning R&D intensity in the manager-controlled firm. Our study on the determinants of R&D intensity presents empirical results concerning...
Persistent link: https://www.econbiz.de/10014028542
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Endogenous Market Structures and Innovation by Leaders : An Empirical Test
Czarnitzki, Dirk - 2013
these predictions based on a unique dataset and survey for the German manufacturing sector (the Mannheim Innovation Panel …
Persistent link: https://www.econbiz.de/10013092745
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Financing Constraints for Industrial Innovation : What do We Know?
Czarnitzki, Dirk - 2013
evidence for incentive and financing problems for private sector investment in innovation projects has provided ground for … governmental interventions to prevent welfare reducing underinvestment in innovation. However, the survey of the literature shows …
Persistent link: https://www.econbiz.de/10013093925
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Industrial Research versus Development Investment : The Implications of Financial Constraints
Czarnitzki, Dirk - 2013
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/10013095201
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Industrial Research Versus Development Investment : The Implications of Financial Constraints
Czarnitzki, Dirk - 2013
Persistent link: https://www.econbiz.de/10013095547
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The Contribution of Corporate Ventures to Radical Innovation
Czarnitzki, Dirk - 2014
Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form … monitored by their corporate sponsors, resulting in less favorable conditions for radical innovation …
Persistent link: https://www.econbiz.de/10013069291