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on Innovation |
| By: | Olof Ejermo; Katrin Hussinger (Dep. of Economics and Business Administration - Maastricht University [Maastricht]); Basheer Kalash; Torben Schubert (Fraunhofer ISI - Fraunhofer Institute for Systems and Innovation Research - Fraunhofer-Gesellschaft - Fraunhofer) |
| Abstract: | We analyze the effect of the Öresund Bridge, a combined railway and motorway bridge between Swedish Malmö and the Danish capital Copenhagen, on inventive activity in the region of Malmö. Applying difference-in-difference estimation on individual-level data, our findings suggest that the Öresund Bridge led to a significant increase in the number of patents per individual in the Malmö region as compared to the two other major regions in Sweden, Gothenburg and Stockholm. We show that a key mechanism is the attraction of highly qualified workers to the Malmö region following the construction of the bridge. |
| Keywords: | Transportation infrastructure,innovation,Öresund Bridge,cross-border regions,patents,inventors,agglomeration effects |
| Date: | 2021–01–01 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-03389164&r= |
| By: | Jonathan Taglialatela; Andrea Mina |
| Abstract: | The paper focuses on the capital structure of firms in their early years of operation. Through the lens of Pecking Order Theory, we study how the pursuit of innovation influences the reliance of firms on different types of internal and external finance. Panel analyses of data on 7,394 German start-ups show that innovation activities are relevant predictors of the start-ups' revealed preferences for finance, and that the nature of these effects on the type and order of financing sources depends on the degree of information asymmetries specific to research and development activities, human capital endowments, and the market introduction of new products and processes. |
| Keywords: | Innovation; information asymmetries; start-up; pecking order; entrepreneurial finance. |
| Date: | 2021–10–23 |
| URL: | http://d.repec.org/n?u=RePEc:ssa:lemwps:2021/36&r= |
| By: | Xiao, Jing (CIRCLE, Lund University); Lindholm Dahlstrand, Åsa (CIRCLE, Lund University) |
| Abstract: | The purpose of this study is to investigate the relationship between acquisitions and mobility of knowledge workers and managers in small technology companies and how individual skills and capabilities moderate the relationship. Relying on the matched employer-employee data of the Swedish high-tech sectors from 2007 to 2015, we find that acquisitions increase the likelihood of employee departures, mainly in the form of switching to another employer, but that these acquisition effects are weaker for employees with technological competences. Moreover, we also find that managers, compared to other employees, are more likely to exit from the (national) labor market after acquisitions. Our results show that acquiring firms tend to gain access to and retain knowledge workers with engineering background. |
| Keywords: | Acquisitions; Target employee mobility; High-tech sectors; Knowledge workers; Technological capabilities; Managerial capabilities |
| JEL: | C23 G34 J63 L26 |
| Date: | 2021–10–22 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:lucirc:2021_012&r= |
| By: | Pellens, Maikel; Peters, Bettina; Hud, Martin; Rammer, Christian; Licht, Georg |
| JEL: | O38 H50 H12 E32 |
| Date: | 2021 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:vfsc21:242467&r= |