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Industrial research versus development investment: the implications of financial constraints

Czarnitzki, Dirk; Hottenrott, Hanna; Thorwarth, Susanne - 2009

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/10010299174

Patents as quality signals? The implications for financing constraints on R&D

Czarnitzki, Dirk; Hall, Bronwyn H.; Hottenrott, Hanna - 2014

Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...

Persistent link: https://www.econbiz.de/10010333110

Collaborative R&D as a strategy to attenuate financing constraints

Czarnitzki, Dirk; Hottenrott, Hanna - 2012

The ability of firms to establish R&D collaborations that combine resources, exploit complementary know-how, and internalize R&D externalities has been shown to be of high importance for the successful creation and implementation of new knowledge. We argue in this article that collaborative R&D...

Persistent link: https://www.econbiz.de/10010309804

Patents as quality signals? The implications for financing constraints on R&D

Czarnitzki, Dirk; Hall, Bronwyn H.; Hottenrott, Hanna - 2014

Persistent link: https://www.econbiz.de/10010336116

Innovative capability and financing constraints for innovation: More money, more innovation?

Hottenrott, Hanna; Peters, Bettina - 2012

This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of …. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were … not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing …

Persistent link: https://www.econbiz.de/10010310988

Innovative capability and financing constraints for innovation: More money, more innovation?

Hottenrott, Hanna; Peters, Bettina - 2009

This study presents a novel empirical approach to identify financing constraints for innovation based on the idea of an … alternatives of use. If they choose additional innovation projects they must have had some unexploited investment opportunities … attribute constraints for innovation not only to lacking financing, but also to firms' innovative capability. Econometric …

Persistent link: https://www.econbiz.de/10010299835

Quantity or quality? Knowledge alliances and their effects on patenting

Hottenrott, Hanna; Lopes-Bento, Cindy - 2013

This study shows for a large sample of R&D-active manufacturing firms over the period 2000-2009 that knowledge alliances have a positive effect on patenting in terms of both quantity and quality. However, when distinguishing between alliances that aim at joint creation of new knowledge and...

Persistent link: https://www.econbiz.de/10010327546

Policy-induced environmental technology and inventive efforts: Is there a crowding out?

Hottenrott, Hanna; Rexhäuser, Sascha - 2013

innovation is a crucial productivity driver, a potential crowding out of inventive efforts could increase the cost of mitigating …. However, we do not find negative effects on the number of ongoing R&D projects, investments in innovation-related fixed assets … or on the outcome of innovation projects. Likewise, for firms with subsidy-backed environmental innovations no crowding …

Persistent link: https://www.econbiz.de/10010327639

Innovative capability and financing constraints for innovation: More money, more innovation?

Hottenrott, Hanna; Peters, Bettina - 2011

This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of … alternatives of use. If they selected additional innovation projects, they must have had some unexploited investment opportunities … that were not profitable using more costly external finance. We attribute constraints for innovation not only to lacking …

Persistent link: https://www.econbiz.de/10010304814

Green innovations and organizational change: Making better use of environmental technology

Hottenrott, Hanna; Rexhäuser, Sascha; Veugelers, Reinhilde - 2012

The literature on within-firm organizational change and productivity suggests that firms can make more efficient use of certain technologies if complementary forms of organization are adopted. This issue may be of even greater importance for the case of greenhouse gas (GHG) abatement...

Persistent link: https://www.econbiz.de/10010309495