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  • Czarnitzki, Dirk  (2)
  • Soziologie  (2)
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  • Soziologie  (2)
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  • 1
    Online-Ressource
    Online-Ressource
    Wiley ; 2006
    In:  Kyklos Vol. 59, No. 4 ( 2006-11), p. 481-496
    In: Kyklos, Wiley, Vol. 59, No. 4 ( 2006-11), p. 481-496
    Kurzfassung: We estimate the effects of R & D on firms' credit ratings and on financial distress. The main purpose is the comparison of firms in Western Germany and Eastern Germany as a transitional economy. Innovative activity has a positive impact on firm value proxied by ratings in Western Germany, but a negative impact in Eastern Germany. We also consider future financial distress, and find that R & D in Eastern German firms leads to higher default risk. This stands in contrast to Western Germany where R & D enhances future performance. This result is highly politically relevant, since the high level of subsidies present in Eastern Germany may be subject to misallocation.
    Materialart: Online-Ressource
    ISSN: 0023-5962 , 1467-6435
    URL: Issue
    RVK:
    Sprache: Englisch
    Verlag: Wiley
    Publikationsdatum: 2006
    ZDB Id: 3292-X
    ZDB Id: 2021217-3
    Standort Signatur Einschränkungen Verfügbarkeit
    BibTip Andere fanden auch interessant ...
  • 2
    Online-Ressource
    Online-Ressource
    Wiley ; 2009
    In:  Kyklos Vol. 62, No. 4 ( 2009-11), p. 488-499
    In: Kyklos, Wiley, Vol. 62, No. 4 ( 2009-11), p. 488-499
    Kurzfassung: While often presumed in academic literature and policy discussions there is little empirical evidence showing that academic patents protect more basic inventions than corporate patents. This study provides new evidence on the basicness of academic patents using German professor patents linked to patent opposition data from the European Patent Office (EPO). Patent oppositions are the most important mechanism by which the validity of patents filed at the EPO can be challenged. Controlling for patent value, asymmetric information and diverging expectations between the opposition parties, the likelihood of a potentially litigious situation and the relative costs of opposition versus settlement, we find that academic patents are opposed less frequently than a control group of corporate patents. This suggests that academic patents cover rather basic inventions with a low immediate commercial value not threatening current returns of potential plaintiffs. The effect is weaker for academic patents filed in collaboration with the business sector, which suggests that those patents are evaluated as more applied by owners of potentially rival technologies.
    Materialart: Online-Ressource
    ISSN: 0023-5962 , 1467-6435
    URL: Issue
    RVK:
    Sprache: Englisch
    Verlag: Wiley
    Publikationsdatum: 2009
    ZDB Id: 3292-X
    ZDB Id: 2021217-3
    Standort Signatur Einschränkungen Verfügbarkeit
    BibTip Andere fanden auch interessant ...
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