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Management control and innovative activity
Czarnitzki, Dirk - 2000
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/10013428380
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Management control and innovative activity
Czarnitzki, Dirk; Kraft, Kornelius - 2000
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/10011445230
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Managerial ownership, entrenchment and innovation
Beyer, Mila; Czarnitzki, Dirk; Kraft, Kornelius - 2011
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. -- Corporate governance ; managerial ownership ; entrenchment ; innovation …
Persistent link: https://www.econbiz.de/10008938024
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Subsidies and innovation in the recent financial crisis
Giebel, Marek; Kraft, Kornelius - 2021
We analyze the impact of subsidies on R&D expenditures in the financial crisis and beyond. The financial crisis has led to considerable turmoil in financing and, as a result, to restrictions of firms' access to external financing. Utilizing this fact, we identify and analyze financing...
Persistent link: https://www.econbiz.de/10012793582
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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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Managerial Ownership, Entrenchment and Innovation
Czarnitzki, Dirk - 2014
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/10013068231
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The effect of entry on R&D investment of leaders : theory and mpirical evidence
Czarnitzki, Dirk (contributor); Etro, Federico (contributor) - 2008
predictions with a Tobit model based on a unique dataset and survey for the German manufacturing sector (the Mannheim Innovation …
Persistent link: https://www.econbiz.de/10003761020
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The impact of the financial crisis on capital investments in innovative firms
Giebel, Marek; Kraft, Kornelius - In: Industrial and corporate change 28 (2019) 5, pp. 1079-1099
Persistent link: https://www.econbiz.de/10012122162
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Management control and innovative activity
Czarnitzki, Dirk; Kraft, Kornelius - In: Review of industrial organization : RIO 24 (2004) 1, pp. 1-24
Persistent link: https://www.econbiz.de/10002140578
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Managerial ownership, entrenchment and innovation
Beyer, Mila; Czarnitzki, Dirk; Kraft, Kornelius - 2011
Persistent link: https://www.econbiz.de/10009306343