Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24457
Authors: 
Kraft, Kornelius
Czarnitzki, Dirk
Year of Publication: 
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

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