Showing 1 - 10 of 36
innovation activities during periods of recession. We empirically analyse what general patterns can be distinguished in this …: some companies have recently reduced their innovation activities significantly, while others maintained them and a third … deceleration of R&D and innovation activities induced by the crisis, but the trend figures remain positive. Driven by the companies …
Persistent link: https://www.econbiz.de/10011981968
R&D as well as the entire innovation process are likely to be affected by the current crisis. Apart from changes in R …&D spending, as any crisis usually provides also chances it may stimulate a new wave of networked / open innovation and in this … funding of corporate R&D and innovation activities are holding up fairly well so far which suggests an anticyclic firm …
Persistent link: https://www.econbiz.de/10012056171
This research investigates deals with the impact of various innovation activities on innovation output by using Spanish … innovation activities lead to differences in both the propensity to innovate and innovation output, depending on the … technological characteristics a firm has. In general, internal R&D leads to product innovation, while machinery acquisition leads to …
Persistent link: https://www.econbiz.de/10012056149
This paper explores the existence and importance of financing constraints for R&D investments in large EU and US manufacturing companies over the 2000-2007 period. The main results obtained by estimating error-correction equations suggest that the sensitivity of R&D investments to cash flow...
Persistent link: https://www.econbiz.de/10011980362
that the sunk costs of innovation are lower when collaborating with a research partner, and that a firm's probability of … investing in R&D or innovation increases with the level of productivity, only when collaborating in R&D and innovation. We also … find that the sunk costs of innovation are 1.5 to 3 times lower than the sunk costs of R&D. Additionally, it can be seen …
Persistent link: https://www.econbiz.de/10011983696
This paper provides the first empirical attempt of linking firms' profits and investment in R&D revisiting Knight's (1921) distinction between uncertainty and risk. Along with the risky profit-maximizing scenario, identifying a second, off-setting, unpredictable bias that leads to heterogeneous...
Persistent link: https://www.econbiz.de/10011983707
appears to be the most suitable model for assessing the impact of R&D and innovation policies over time, as it is the only … sectors and environmental issues, GEM-E3 appears to be the most suitable model for assessing the impact of innovation in clean … energy. For a more detailed modelling of different types of innovation measures, NEMESIS can provide valuable insights thanks …
Persistent link: https://www.econbiz.de/10011983742
A basic assumption in the economic literature is the one of diminishing marginal returns to labour. However, theoretical studies on knowledge and labour specialization assume that an increase in the knowledge investment embodied in the human capital of workers raises the marginal product of...
Persistent link: https://www.econbiz.de/10011983821
The globalisation of R&D activities has continued to grow as companies are increasingly trying to capture knowledge and market opportunities internationally. The rapid evolution of national economies and the ways to conduct knowledge-intensive businesses has brought researchers and analysts to...
Persistent link: https://www.econbiz.de/10011982051
In this paper we assess the job creation effect of R&D expenditures, using a unique longitudinal database of 677 European companies over the period 1990-2008. We estimate a dynamic labour demand specification using a Least Squares Dummy Variable Corrected (LSDVC) technique. The labour-friendly...
Persistent link: https://www.econbiz.de/10011982194