This paper tests for the sensitivity of R&D to financing constraints conditional on restrictions in external financing. Financing constraints of firms are identified by an exogenously calculated rating index. Restrictions in external financing are determined by (i) the specific time period...

Die Bundesverfassung sieht als Grundsätze der Haushaltsführung des Bundes die Wirkungsorientierung sowie Gender Budgeting vor. Damit sind Bund, Länder und Gemeinden verpflichtet, bei der Haushaltsführung die tatsächliche Gleichstellung von Frauen und Männern anzustreben. Das vorliegende...

Pharmaceutical firms spend increasing amounts in mergers and acquisitions (M&As), which raises the question of whether sufficient investment is left after mergers to further develop firms’ internal drug development capability. We evaluate the effects of M&As on firms’ post-merger R&D...

The article tackles the question of the ever growing importance of soft factors of production in the process of competitive advantage for contemporary enterprises. This condition has resulted of turbulent environment characterized by increasing competition, generalized uncertainty and...

The article presents the results of management quality survey in Russian clusters that reveals specifics of cluster support policy in Russia. We compare 22 Russian clusters, supported by the Government, using series of indicators measuring cooperation intensity of cluster participants and...

We wspolczesnej gospodarce wzrost firm uzalezniony jest od wdrazania innowacyjnych produktow i uslug oraz wykorzystania zasobow intelektualnych. Firmy zwiekszaja swoja przewage konkurencyjna oparta na wiedzy poprzez ponoszenie nakladow na inwestycje w badania i rozwoj. Realizacja tej strategii w...