It is argued that the observed return rates on capital at firm-level have an upward bias if firms are producing with unobserved intangible capital. Using EUKLEED, a comprehensive firm level data base for Germany, this theoretical preposition is proved empirically. Furthermore, making unobserved capital observable the dispersion in return rates reduces dramatically. The results clearly support the assumption ...
Many firm level studies rely on readily available databases as COMPUSTAT, based on published balance sheets. While bigger firms are quite reliable described in this data set, small and medium sized firms (SMEs) are not covered, bearing the danger that the conclusions might be biased. To include SMEs into firm-level analysis, the EUKLEED data set for Germany is created. EUKLEED is a comprehensive integrated ...
We use a large micro-dataset to assess the importance of intangible capital - organisation, R&D and ICT capital - for the economic performance of establishments and regions in Germany. In 2003 self-produced intangible capital accounted for one fifth of the total capital stock of establishments with more than 10 employees. More than half of the intangible capital is R&D capital. This high proportion ...
Vaasa:
Innodrive,
2010,
26 S.
(Innodrive Working Paper Series ; 9)
| Kurt Geppert, Anne Neumann