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Innovation Survey (CIS). The empirical results demonstrate that R&D location matters for profitability. Firms with both domestic … than firms that solely conduct R&D activities in their home country. -- R&D ; Innovation ; Internationalisation ; Firm …
Persistent link: https://www.econbiz.de/10008901575
This article investigates how a firm's financial strength affcts its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech manufacturing industries. The model incorporates a measure of the firm's financial strength, derived from its...
Persistent link: https://www.econbiz.de/10011404565
Using firm-level data from the German manufacturing sector, we estimate a dynamic, structural model of the firm’s decision to invest in R&D and quantify the cost and longrun benefit of this investment. The model incorporates and quantifies linkages between the firm’s R&D investment, product...
Persistent link: https://www.econbiz.de/10010203640
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/10010219755
Recent years have shown a surge of firms globalising their innovation activities in order to gain from international … stronger dispersed international R&D activities hamper or stimulate innovation. Second, we employ two well-established market …-based indicators for innovation (introduction of and sales growth rates due to new products) instead of looking at inventions (patents …
Persistent link: https://www.econbiz.de/10008759768
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/10003914253
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/10009152558
affect investments in innovation projects as such projects are typically characterized by a high degree of uncertainty …, complexity and specificity. Financing innovation externally is thus likely to be more costly compared to financing of other … investment. Hence, internal sources of financing are crucial for the implementation of innovation projects. However, internal …
Persistent link: https://www.econbiz.de/10014198373
This article investigates how a firm's financial strength affects its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech manufacturing industries. The model incorporates a measure of the firm's financial strength, derived from...
Persistent link: https://www.econbiz.de/10013002220
innovation and employment growth in Germany. The model is tailor-made for analysing firm-level employment effects of innovations … using specific information provided by CIS data. It establishes a theoretical link between employment growth and innovation …
Persistent link: https://www.econbiz.de/10014069151