Topic Firms

Small and Medium-Sized Enterprises are Catching up: Seven Questions to Alexander Eickelpasch

How Innovative Are Spin-offs at Later Stages of Development? Comparing Innovativeness of Established Research Spin-offs and Otherwise Created Firms

The literature argues that research spin-offs (RSOs)-enterprises originating from a university or research institute-appear to have higher innovative potential and capabilities than other start-ups, at least in the early stages of their development. Yet, little is known about the innovative performance of these companies at later development phases. Thus, the main goal of this study is to investigate ...

Locational Conditions and Firm Performance: Introduction to the Special Issue

Determinants of the Export Behaviour of German Business Services Companies

This paper presents results about the determinants of export behaviour of services firms. Using a unique panel of enterprises for the years 2003 to 2005, the impact of size, productivity, human capital, experience on the national market, etc. on export behaviour are analysed. In addition, the researchers control for unobserved time-invariant characteristics by using a pooled fractional probit estimator. ...

Export Growing among Knowledge-Intensive Service Providers

In the German economy, both international trade in goods and also in services have grown quite forcefully. World-wide Germany is the third-largest exporter of services. However, until recently little has been known about the export behavior of service companies, especially small and medium sized enterprises (SME). The exports of SMEs in knowledge-intensive service branches have grown in above average ...

Does Quality Make a Difference? Employment Effects of High- and Low-Quality Start-Ups

This paper investigates the impact of new firms' quality on the magnitude of their employment effects. Our results clearly show that the quality of start-ups, measured by their affiliation with sectors and innovative industries, strongly influences the direct and the overall employment contribution of new firms. In particular, start-ups in manufacturing industries generate larger direct and overall ...

New Business Formation and Regional Development: A Survey and Assessment of the Evidence

This paper reviews the current state of knowledge about the effect of new business formation on regional development. After a brief sketch of the origins of research on this issue, the main results of different lines of inquiry are discussed. Main issues are the development of start-up cohorts, the relative magnitude of direct and indirect effects, and results by type of entry and by industry, as well ...

Technology Neutral Public Support: An Important Pillar of East German Industrial Research

Industrial research in East Germany mostly takes place in small and medium-sized Enterprises (SMEs) and non-profit external industrial research institutions, whereas in West Germany industrial research mainly takes place in large companies. The German Federal government, along with Länder governments, subsidize industrial research in East Germany-within the framework of technology neutral public support ...

Entrepreneurship, Windfall Gains and Financial Constraints: Evidence from Germany

We investigate the link between the propensity to become an entrepreneur and the exogenous release from financial constraints in Germany. This is defined in terms of the movement from employment to self-employment on receipt of a financial windfall. A theoretical framework developing Evans and Jovanovic (1989) is set up and tested with panel data from German households. The results show that financial ...

Locational Conditions, Cooperation, and Innovativeness: Evidence from Research and Company Spin-offs

This paper has two goals. First, it analyzes the extent to which the innovativeness of spin-offs, originating either in a research facility or from another company, is influenced by locational conditions. Second, it provides evidence on how important local cooperation links are in comparison to nonlocal ones. Using a sample of approximately 1,500 East German firms from knowledge-intensive sectors, ...