Walter Kuemmerle

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In the past, companies kept most of their research and development activities in their home country because they thought it important to have R&D close to where strategic decisions were being made. But today many companies choose to establish R&D networks in foreign countries in order to tap the knowledge there or to commercialize products for those markets(More)
I use the Business Information Tracking Series (BITS), a new census database that covers the whole U.S. economy at the establishment level, to examine whether the finding of a diversification discount is an artifact of segment data. BITS data allow me to construct business units that are more consistently and objectively defined than segments, and thus more(More)
This paper examines the relationship between performance and size of R&D laboratories operated abroad. Based on a theoretical argument, the paper proposes a concave relationship between laboratory size and performance, as well as a linear relationship between firm learning and laboratory performance. Empirical tests with 129 laboratories established by 27(More)
This paper addresses three questions: (i) Are multinational firms (MNCs) really better than markets at transferring knowledge across borders? (ii) How actively do MNCs exchange knowledge with their host countries? (iii) Do they contribute as much to local knowledge as they learn from their host countries? To answer these questions, I analyze data on(More)
How actively do local subsidiaries of foreign MNCs exchange knowledge with their host countries? To what extent does this facilitate cross-border knowledge diffusion between the MNC home base and the host country? To address these issues, I use over one million patent citations to analyze micro-level knowledge flows in six most innovating countries. I find(More)
Just a few years ago, becoming an entrepreneur was pretty simple. All you needed was some idea--any idea--a little experience, and venture capital funds to get you going. Many young people started to believe that entrepreneurship was a viable, even safe, career choice. Older folks, too, underestimated the risks of financing start-ups, and, as a result, they(More)
Das von W. FISCHER und Mitarbeitern (2) empfohlene Arbeiten mit alkoholisdler Lauge von 60 bis 70 ° C erwies sidl nicht als sehr giinstig: Oft zersprangen Petrisehaten be| dem yon jenen Autoren vorgeschlagenen nmstlindlichen Vorwiirmen auf 70 ° C. Die Alkoholverluste dutch Verdampfen waren betrlid~tlieh (mehr als 1 Liter beim Reinigen von 100 Glilsern).(More)
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