IDEAS home Printed from https://ideas.repec.org/b/wfo/wstudy/70681.html
   My bibliography  Save this book

Innovationen und Investitionen österreichischer Unternehmen in der Krise

Author

Listed:
  • Agnes Kügler
  • Klaus Friesenbichler
  • Jürgen Janger

Abstract

In der Studie werden die Innovationsaktivitäten österreichischer Unternehmen in den Krisenjahren 2020 bis 2022 untersucht, verursacht durch die COVID-19-Krise und den russischen Angriff auf die Ukraine. Basis bildet eine Literaturrecherche zu unternehmerischen Investitions- und Innovationsaktivitäten in Krisenphasen sowie eine empirische Untersuchung der verknüpften Daten aus dem WIFO-Konjunkturtest zu Investitionen und Produkteinführungen mit FFG-Förderdaten. Die Ergebnisse deuten darauf hin, dass Investitionen in immaterielle, wissensintensive Vermögenswerte wie Ausgaben für Forschung und Entwicklung (F&E) prozyklisch sind und mit dem wirtschaftlichen Abschwung zurückgehen. Durch den Mangel an Innovationsaktivitäten können dadurch Krisenphasen verlängert werden. Öffentliche F&E-Förderung kann dazu beitragen den Rückgang in Krisenzeiten zu verlangsamen und die Innovationsaktivitäten zu stabilisieren. Die Analyse ergab einen negativen Zusammenhang zwischen den Krisenjahren und der erwarteten wirtschaftlichen Lage der Unternehmen. Unternehmen, die neue Produkte und Dienstleistungen eingeführt, ihre Ausgaben dafür erhöht und bzw. oder FFG-Förderungen erhalten haben, blickten jedoch zuversichtlicher in die Zukunft.

Suggested Citation

  • Agnes Kügler & Klaus Friesenbichler & Jürgen Janger, 2023. "Innovationen und Investitionen österreichischer Unternehmen in der Krise," WIFO Studies, WIFO, number 70681.
    • Handle: RePEc:wfo:wstudy:70681
    Note: With English abstract.
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/70681
    File Function: abstract
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hölzl, Werner & Janger, Jürgen, 2014. "Distance to the frontier and the perception of innovation barriers across European countries," Research Policy, Elsevier, vol. 43(4), pages 707-725.
    2. Mehmet Ugur & Marco Vivarelli, 2021. "Innovation, firm survival and productivity: the state of the art," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 30(5), pages 433-467, July.
    3. Goolsbee, Austan, 1998. "Does Government R&D Policy Mainly Benefit Scientists and Engineers?," American Economic Review, American Economic Association, vol. 88(2), pages 298-302, May.
    4. Boeing, Philipp & Peters, Bettina, 2021. "Misappropriation of R&D Subsidies: Estimating Treatment Effects with One-Sided Noncompliance," IZA Discussion Papers 14852, Institute of Labor Economics (IZA).
    5. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626, National Bureau of Economic Research, Inc.
    6. Andrew B. BERNARD & OKUBO Toshihiro, 2015. "Product Switching and the Business Cycle," Discussion papers 15103, Research Institute of Economy, Trade and Industry (RIETI).
    7. Bettina Peters & Berhnard Dachs & Martin Hud & Christian Köhler, 2022. "Employment and innovation in recessions: firm-level evidence from European Countries [The race between man and machine: implications of technology for growth, factor shares, and employment]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(6), pages 1460-1493.
    8. Klaus Friesenbichler & Jürgen Janger & Agnes Kügler & Andreas Reinstaller, 2020. "Auswirkungen der COVID-19-Pandemie auf die Forschungs- und Innovationsaktivität," WIFO Studies, WIFO, number 66049.
    9. Gadi Barlevy, 2007. "On the Cyclicality of Research and Development," American Economic Review, American Economic Association, vol. 97(4), pages 1131-1164, September.
    10. Costas Meghir & Annette Ryan & John Van Reenen, 1996. "Job Creation, Technological Innovation and Adjustment Costs: Evidence from a Panel of British Firms," Annals of Economics and Statistics, GENES, issue 41-42, pages 255-274.
    11. Furman, Jeffrey L. & Porter, Michael E. & Stern, Scott, 2002. "The determinants of national innovative capacity," Research Policy, Elsevier, vol. 31(6), pages 899-933, August.
    12. Thum-Thysen, Anna & Voigt, Peter & Bilbao-Osorio, Beñat & Maier, Christoph & Ognyanova, Diana, 2019. "Investment dynamics in Europe: Distinct drivers and barriers for investing in intangible versus tangible assets?," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 77-88.
    13. Giebel, Marek & Kraft, Kornelius, 2020. "Bank credit supply and firm innovation behavior in the financial crisis," Journal of Banking & Finance, Elsevier, vol. 121(C).
    14. repec:adr:anecst:y:1996:i:41-42:p:11 is not listed on IDEAS
    15. Rammer, Christian & Schubert, Torben, 2018. "Concentration on the few: mechanisms behind a falling share of innovative firms in Germany," Research Policy, Elsevier, vol. 47(2), pages 379-389.
    16. Klaus Friesenbichler & Werner Hölzl, 2022. "Unternehmensinvestitionen wachsen 2022 nur gedämpft. Ergebnisse der WIFO-Investitionsbefragung vom Frühjahr 2022," WIFO Monatsberichte (monthly reports), WIFO, vol. 95(6), pages 369-377, June.
    17. Klaus Friesenbichler & Agnes Kügler & Julia Schieber-Knöbl, 2022. "Wie viel wird in Wissenskapital von österreichischen Unternehmen investiert?. Evidenz von Mikrodaten," WIFO Research Briefs 23, WIFO.
    18. Scott J. Wallsten, 2000. "The Effects of Government-Industry R&D Programs on Private R&D: The Case of the Small Business Innovation Research Program," RAND Journal of Economics, The RAND Corporation, vol. 31(1), pages 82-100, Spring.
    19. Fernando Galindo-Rueda & Fabien Verger, 2016. "OECD Taxonomy of Economic Activities Based on R&D Intensity," OECD Science, Technology and Industry Working Papers 2016/4, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jürgen Janger & Tim Slickers, 2023. "Wissensproduktion und Wissensverwertung in Österreich im internationalen Vergleich," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(10), pages 699-714, October.
    2. Agnes Kügler & Nicole Schmidt-Padickakudy & Tim Slickers, 2023. "Ausgaben der Unternehmen für Produktneueinführungen 2022 gekürzt," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(6), pages 407-418, June.
    3. Kathrin Hofmann & Agnes Kügler & Nicole Schmidt-Padickakudy, 2024. "Unternehmensausgaben für neue Produkte dürften 2024 nur schwach wachsen," WIFO Monatsberichte (monthly reports), WIFO, vol. 97(4), pages 151-163, April.
    4. Wifo, 2023. "WIFO-Monatsberichte, Heft 6/2023," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(6), June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Correa, Paulo & Andres, Luis & Borja-Vega, Christian, 2013. "The impact of government support on firm R&D investments : a meta-analysis," Policy Research Working Paper Series 6532, The World Bank.
    2. Dirk Czarnitzki & Julie Delanote, 2015. "R&D policies for young SMEs: input and output effects," Small Business Economics, Springer, vol. 45(3), pages 465-485, October.
    3. Hud, Martin & Hussinger, Katrin, 2015. "The impact of R&D subsidies during the crisis," Research Policy, Elsevier, vol. 44(10), pages 1844-1855.
    4. Aysun, Uluc & Kabukcuoglu, Zeynep, 2019. "Interest rates, R&D investment and the distortionary effects of R&D incentives," European Economic Review, Elsevier, vol. 111(C), pages 191-210.
    5. André Spithoven, Belgian Science Policy Office and Ghent University & Michel Dumont & Peter Teirlinck, Belgian Science Policy Office and KU Leuven, 2014. "Working Paper 08-14 - Public support for R&D and the educational mix of R&D employees," Working Papers 1408, Federal Planning Bureau, Belgium.
    6. MARSCHINSKI Robert & DE AMORES HERNANDEZ Antonio & AMOROSO Sara & BAUER Peter & CARDANI Roberta & CSEFALVAY Zoltan & GENTY Aurelien & GKOTSIS Petros & GREGORI Wildmer & GRASSANO Nicola & HERNANDEZ GUE, 2021. "EU competitiveness: recent trends, drivers, and links to economic policy: A Synthesis Report," JRC Research Reports JRC123232, Joint Research Centre.
    7. Falck, Oliver & Wiederhold, Simon, 2013. "Nachfrageorientierte Innovationspolitik," Studien zum deutschen Innovationssystem 12-2013, Expertenkommission Forschung und Innovation (EFI) - Commission of Experts for Research and Innovation, Berlin.
    8. José Ángel Zúñiga-Vicente & César Alonso-Borrego & Francisco J. Forcadell & José I. Galán, 2014. "Assessing The Effect Of Public Subsidies On Firm R&D Investment: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 28(1), pages 36-67, February.
    9. Wifo, 2023. "WIFO-Monatsberichte, Heft 6/2023," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(6), June.
    10. Mowery, David C., 2010. "Military R&D and Innovation," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 1219-1256, Elsevier.
    11. Thomas H. W. Ziesemer, 2021. "The Effects of R&D Subsidies and Publicly Performed R&D on Business R&D: A Survey," Hacienda Pública Española / Review of Public Economics, IEF, vol. 236(1), pages 171-205, March.
    12. Álvarez-Ayuso, Inmaculada C. & Kao, Chihwa & Romero-Jordán, Desiderio, 2018. "Long run effect of public grants and tax credits on R&D investment: A non-stationary panel data approach," Economic Modelling, Elsevier, vol. 75(C), pages 93-104.
    13. Andrew C. Chang, 2016. "Banking Consolidation and Small Firm Financing for Research and Development," Finance and Economics Discussion Series 2016-029, Board of Governors of the Federal Reserve System (U.S.).
    14. Agnes Kügler & Nicole Schmidt-Padickakudy & Tim Slickers, 2023. "Ausgaben der Unternehmen für Produktneueinführungen 2022 gekürzt," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(6), pages 407-418, June.
    15. Kathrin Hofmann & Agnes Kügler & Nicole Schmidt-Padickakudy, 2024. "Unternehmensausgaben für neue Produkte dürften 2024 nur schwach wachsen," WIFO Monatsberichte (monthly reports), WIFO, vol. 97(4), pages 151-163, April.
    16. Aschhoff, Birgit, 2009. "The effect of subsidies on R&D investment and success: do subsidy history and size matter?," ZEW Discussion Papers 09-032, ZEW - Leibniz Centre for European Economic Research.
    17. Herzer Dierk, 2022. "Semi-endogenous Versus Schumpeterian Growth Models: A Critical Review of the Literature and New Evidence," Review of Economics, De Gruyter, vol. 73(1), pages 1-55, April.
    18. Sergio Afcha & Jose García-Quevedo, 2016. "The impact of R&D subsidies on R&D employment composition," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 25(6), pages 955-975.
    19. Dominique Guellec & Bruno Van Pottelsberghe De La Potterie, 2003. "The impact of public R&D expenditure on business R&D," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 12(3), pages 225-243.
    20. Liu, Jingjing & Zhao, Min & Wang, Yanbo, 2020. "Impacts of government subsidies and environmental regulations on green process innovation: A nonlinear approach," Technology in Society, Elsevier, vol. 63(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wstudy:70681. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.