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…
For small high-tech firms international orientation is regarded as crucial for growth and long-term survival. Even newly founded technology based firms (NTBFs) are often internationally active shortly after…
The present paper first discusses theoretically the different incentives of manager- versus owner-controlled firms for investment into innovative activity. In addition, the role of debt financing is analyzed.…
This paper analyzes the persistence of firms' exporting behavior in a panel of West German manufacturing firms. Dynamic binary choice models allow us to distinguish between true and spurious state dependence in…
This is the eighth edition of the Commission’s Report on European Competitiveness since the 1994 Industry Council Resolution that established the basis for the Competitiveness Report. As in recent editions,…
We implement an endogeneous switching-regression model for labour productivity and firms' decision to use business-to-business (B2B)e-commerce. Our approach allows B2B usage to affect any parameter of the labour…