Publications of the Research Unit Economics of Innovation and Industrial Dynamics

  1. Refereed Journal // forthcoming

    Acquisition Experience and the Winner’s Curse in Corporate Acquisitions

    The winner’s curse describes the behavioural phenomenon that the winner of a bidding contest pays a price that is too high. This paper shows that experiential learning cannot prevent a winner’s curse on the…

  2. Refereed Journal // forthcoming

    R&D grants and R&D tax credits to foreign-owned subsidiaries: Does supporting Multinational Enterprises' R&D pay off in terms of firm performance improvements for the host economy?

    The subsidiaries of foreign-owned multinational firms make significant contributions to national Research and Development (R&D) in many host countries. Policymakers in host countries often support subsidiaries’…

  3. Refereed Journal // 2024

    Information Accessibility and Knowledge Creation: The Impact of Google’s Withdrawal from China on Scientific Research

    How important is Google for scientific research? This paper exploits the exogenous shock represented by Google’s sudden withdrawal of its services from mainland China to assess the importance of access to…

  4. ZEW Monthly // 2024

    02/2024 – Innovation

    In a time of groundbreaking changes and technological revolutions, it is of great importance for Germany to remain innovative and establish future-oriented business models. A key question is whether Germany can…

  5. Refereed Journal // 2024

    Mandatory Financial Information Disclosure and Credit Ratings

    When firms are forced to publicly disclose financial information, credit rating agencies are generally expected to improve their risk assessments. Theory predicts such an information quality effect but also…