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http://hdl.handle.net/10419/24457
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| Title: | | Firm leadership and innovative performance: evidence from seven EU Countries  |
| Authors: | | Kraft, Kornelius Czarnitzki, Dirk |
| Issue Date: | | 2001 |
| Series/Report no.: | | ZEW Discussion Papers 01-35 |
| Abstract: | | This paper considers the effect of different firm leadership on the innovative performance of firms from seven EU countries. We investigate whether owner-led or manager-led firms achieve a larger share of their turnover with product innovations. Economic theory does not propose clear answers to this question. In the empirical analysis, it turns out that the manager-led firms are more active innovators : the share of sales based on new products is larger if firms' managers do not hold any of the firms' capital. Surprisingly, there are no differences between the seven countries included in the regression analysis. |
| Subjects: | | R&D Product Innovations Manager Tobit Fractional Response Model |
| JEL: | | O31 D21 C24 O32 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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