{"id":48485,"date":"2023-11-20T15:38:25","date_gmt":"2023-11-20T14:38:25","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/innovationen-und-investitionen-oesterreichischer-unternehmen-in-der-krise\/"},"modified":"2024-04-20T14:21:37","modified_gmt":"2024-04-20T12:21:37","slug":"innovationen-und-investitionen-oesterreichischer-unternehmen-in-der-krise","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/48485\/","title":{"rendered":"Innovation and Investment Activities of Austrian Companies in Times of Crisis"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-48485","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The study examines the innovation activities of Austrian companies in the crisis years 2020-2022, caused by the COVID-19 crisis and the Russian attack on Ukraine. The basis is a literature review on entrepreneurial investment and innovation activities in crisis phases, as well as an empirical investigation of linked data from the WIFO-Konjunkturtest (business cycle survey) on investments and product launches with FFG funding data. The results suggest that investment in intangible, knowledge-intensive assets such as research and development (R&amp;D) expenditures is procyclical and declines with the economic downturn. The lack of innovation activity can thus prolong periods of crisis. Public R&amp;D funding can help slow the decline during crises and stabilise innovation activity. The analysis revealed a negative correlation between crisis years and the expected economic situation of companies. However, companies that introduced new products and services, increased their spending on them and\/or received FFG funding were more confident about the future.<br\/>","onlinedate":"2023-04-06 12:00:00","lang":"German","publication_series":"","publication_date":"20230401","publication_date_year":"","publication_date_full":false,"publication_num_pages":"50","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":255644,"zip":null,"link":"","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":false,"embargo_date":"2023-04-06 00:00:00","types":[81966],"research_groups":[3491],"collaboration":"","persons":[3488,3587,3635],"persons_data":"[{\"personId\":3488,\"personName\":\"Agnes K\u00fcgler\",\"organisationNames\":[]},{\"personId\":3587,\"personName\":\"Klaus Friesenbichler\",\"organisationNames\":[]},{\"personId\":3635,\"personName\":\"J\u00fcrgen Janger\",\"organisationNames\":[]}]","clients":[10722],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[\"Hofmann Kathrin\",\"Strauss-Kollin Anna\"]","scientific_review":"[\"H\u00f6lzl Werner\"]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v26.5) - 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