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An information economics perspective on main bank relationships and firm R&D
Hoewer, Daniel; Schmidt, Tobias; Sofka, Wolfgang - Deutsche Bundesbank - 2011
Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...
Persistent link: https://www.econbiz.de/10009323613
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An information economics perspective on main bank relationships and firm R&D
Hoewer, Daniel; Schmidt, Tobias; Sofka, Wolfgang - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...
Persistent link: https://www.econbiz.de/10009323616
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Young, open and international: the impact of search strategies on the internationalization of new ventures
Zimmermann, Jörg; Grimpe, Christoph; Sofka, Wolfgang - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
internationalization process. We contribute to this research stream by establishing theoretical links with the emerging open innovation … with regard to the effect of open innovation strategies on internationalization performance. Our results show that both the …
Persistent link: https://www.econbiz.de/10005098125
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Selective search, sectoral patterns, and the impact on product innovation performance
Köhler, Christian; Sofka, Wolfgang; Grimpe, Christoph - In: Research Policy 41 (2012) 8, pp. 1344-1356
The shift toward more open and interconnected innovation activities has been a major topic in recent academic and … universities, to increase the effectiveness of their innovation activities. Hence, management needs to define where to search for … search strategies driven by science, suppliers and the product market will contribute differently to innovation success with …
Persistent link: https://www.econbiz.de/10011046446
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Multinational subsidiary knowledge protection—Do mandates and clusters matter?
Sofka, Wolfgang; Shehu, Edlira; de Faria, Pedro - In: Research Policy 43 (2014) 8, pp. 1320-1333
International knowledge spillovers, especially through multinational companies (MNCs), have recently been a major topic of academic and management debate. However, most studies treat MNC subsidiaries as relatively passive actors. We challenge this assumption by investigating the drivers of...
Persistent link: https://www.econbiz.de/10011046486
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Selectivity in search strategies for innovation: from incremental to radical, from manufacturing to services
Köhler, Christian; Sofka, Wolfgang; Grimpe, Christoph - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
The shift towards more open and interconnected innovation activities has been a major topic of recent academic and … universities, to increase the effectiveness of their innovation activities. Hence, management needs to define search strategies for … that search strategies driven by science, suppliers and the product market will contribute differently to innovation …
Persistent link: https://www.econbiz.de/10008533680
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Searching for innovation in market and transition economies: evidence across Europe
Sofka, Wolfgang; Grimpe, Christoph - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009
Searching for externally available knowledge has been characterized as a vital part of the innovation process. The … availability of such innovation impulses, however, critically depends on the environment a firm is operating in. Little is known on … how institutional infrastructures for innovation differ with respect to the munificence in providing innovation impulses …
Persistent link: https://www.econbiz.de/10008479055
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Global Idea Sourcing - An empirical investigation into the mechanisms behind the usage of foreign business sources for innovation
Sofka, Wolfgang - EconWPA - 2005
for innovation at home. We suggest a combination of three factors to identify and explain such innovation strategies … customers as a source for innovation that is more beneficial to standardized products and becomes more feasible if the lead … regulation. Hence, companies optimize or augment their innovation activities by invoking ideas from foreign suppliers. Then again …
Persistent link: https://www.econbiz.de/10005561402
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I Like the Way you Move - An Empirical Investigation into the Mechanisms Behind First Mover and Follower Strategies
Sofka, Wolfgang; Schmidt, Tobias - EconWPA - 2005
There appears to be an ambivalent dimension in innovation strategies: timing. When is an innovation ready for the … market or when is the market ready for the innovation? This paper empirically investigates the determinants of a firm …’s decision to become a first mover or a follower in innovation strategies. Much of theoretical and empirical work has focused on …
Persistent link: https://www.econbiz.de/10005412989
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Knowledge sourcing: legitimacy deficits for MNC subsidiaries?
Schmidt, Tobias; Sofka, Wolfgang - Deutsche Bundesbank - 2009
Multinational corporations (MNC) search increasingly for lead market knowledge and technological expertise around the globe. We investigate whether their subsidiaries gain access to these valuable sources of host country knowledge to the same degree as domestic rivals. We develop a theoretical...
Persistent link: https://www.econbiz.de/10005083060