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Co-determination and innovation
Kraft, Kornelius; Stank, Jörg; Dewenter, Ralf - 2009
-determination slows down technological progress and reduces innovativeness. -- Co-determination ; innovation ; patents …
Persistent link: https://www.econbiz.de/10009517154
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Co-Determination and Innovation
Kraft, Kornelius - 2009
This paper examines the effect of the German co-determination law of 1976 (MitbestG) on the innovative activity of German firms. Co-determination applies to firms with 2000 employees or more. Data from 1971-1976 and 1981-1990 on 148 firms are used to compare the number of patents granted to...
Persistent link: https://www.econbiz.de/10013155322
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Managerial ownership, entrenchment and innovation
Beyer, Mila; Czarnitzki, Dirk; Kraft, Kornelius - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 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. …
Persistent link: https://www.econbiz.de/10009003577
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Endogenous Market Structures and Innovation by Leaders: an Empirical Test
Etro, Federico; Czarnitzki, Dirk; Kraft, Kornelius - Dipartimento di Economia, Università Ca' Foscari Venezia - 2011
these predictions based on a unique dataset and survey for the German manufacturing sector (the Mannheim Innovation Panel …
Persistent link: https://www.econbiz.de/10009144145
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Sources of spillovers for imitation and innovation
Cappelli, Riccardo; Czarnitzki, Dirk; Kraft, Kornelius - In: Research Policy 43 (2014) 1, pp. 115-120
market (innovation). It turns out that spillovers from rivals lead to more imitation, while input from customers and research … institutions enhance original innovation. …
Persistent link: https://www.econbiz.de/10010729633
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Sources of spillovers for imitation and innovation
Cappelli, Riccardo; Czarnitzki, Dirk; Kraft, Kornelius - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
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/10010957653
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Profit-sharing and innovation
Aerts, Kris; Kraft, Kornelius; Lang, Julia - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013
We investigate the effect of profit-sharing on product and process innovation. Profit-sharing is a credible commitment … that the introduction of profit-sharing only spurs product innovation. …
Persistent link: https://www.econbiz.de/10010957731
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On the Profitability of Innovative Assets
Kraft, Kornelius; Czarnitzki, Dirk - 2004
Successful innovative activity is a major contribution to the intangible capital of firms. Although its importance is generally acknowledged, the contribution to companies? profits is a priori unclear. We present the results of an empirical study on the effects of the patent stock on...
Persistent link: https://www.econbiz.de/10010297363
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Capital Control, Debt Financing and Innovative Activity
Czarnitzki, Dirk; Kraft, Kornelius - 2004
innovation, i.e. weakly controlled managers show a higher innovation propensity. However, the higher the leverage the more …
Persistent link: https://www.econbiz.de/10010297397
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License Expenditures of Incumbents and Potential Entrants: An Empirical Analysis of Firm Behavior
Czarnitzki, Dirk; Kraft, Kornelius - 2005
variables the motives for innovation expenditures are also taken into account. We differentiate between firms which intend to …
Persistent link: https://www.econbiz.de/10010297441