Tracing the Nuclear Accretion History of the Red Galaxy Population

We investigate the evolution of the hard X-ray luminosity of the red galaxy population using a large sample of 3316 red galaxies selected over a wide range in redshift (0.3<z<0.9) from a 1.4 deg^2 region in the Bootes field of the NOAO Deep Wide-Field Survey (NDWFS). The red galaxies are early-type, bulge-dominated galaxies and are selected to have the same evolution corrected, absolute R-band magnitude distribution as a function of redshift to ensure we are tracing the evolution in the X-ray properties of a comparable optical population. Using a stacking analysis of 5-ks Chandra/ACIS observations within this field to study the X-ray emission from these red galaxies in three redshift bins, we find that the mean X-ray luminosity increases as a function of redshift. The large mean X-ray luminosity and the hardness of the mean X-ray spectrum suggests that the X-ray emission is largely dominated by AGN rather than stellar sources. The hardness ratio can be reproduced by either an absorbed (N_H ~2 x 10^22 cm^-2) Gamma=1.7 power-law source, consistent with that of a population of moderately obscured Seyfert-like AGN, or an unabsorbed Gamma=0.7 source suggesting a radiatively inefficient accretion flow (e.g., an advection-dominated accretion flow). We also find that the emission from this sample of red galaxies constitutes at least 5% of the hard X-ray background. These results suggest a global decline in the mean AGN activity of normal early-type galaxies from z~1 to the present, which indicates that we are witnessing the tailing off of the accretion activity onto SMBHs in early-type galaxies since the quasar epoch.Comment: 23 pages, accepted for publication in Ap

Drivers and Effects of Internationalising Innovation by SMEs

This paper investigates the drivers and the effects of the internationalisation of innovation activities in SMEs based on a large data set of German firms covering the period 2002-2007. We look at different stages of the innovation process (R&D, design, production and sales of new products, and implementation of new processes) and explore the role of internal resources, home market competition and innovationrelated location advantages for an SME’s decision to engage in innovation activities abroad. By linking international innovation activities to firm growth in the home market we try to identify likely internationalisation effects at the firm level. The results show that export experience and experience in knowledge protection are highly important for international innovation activities of SMEs. Fierce home market competition turns out to be rather an obstacle than a driver. High innovation costs stimulate internationalisation of non-R&D innovation activities, and shortage of qualified labour expels production of new products. R&D activities abroad and exports of new products spur firm growth in the home market while there are no negative effects on home market growth from shifting production of new products abroad

Innovation Practices in Emerging Economies: Do University Partnerships Matter?

Enterprises’ resources and capabilities determine their ability to achieve competitive advantage. In this regard, the key innovation challenges that enterprises face are liabilities associated with their age and size, and the entry barriers imposed on them. In this line, a growing number of enterprises are starting to implement innovation practices in which they employ both internal/external flows of knowledge in order to explore/exploit innovation in collaboration with commercial or scientific agents. Within this context, universities play a significant role providing fertile knowledge-intensive environments to support the exploration and exploitation of innovative and entrepreneurial ideas, especially in emerging economies, where governments have created subsidies to promote enterprise innovation through compulsory university partnerships. Based on these ideas, the purpose of this exploratory research is to provide a better understanding about the role of universities on enterprises’ innovation practices in emerging economies. More concretely, in the context of Mexico, we explored the enterprises’ motivations to collaborate with universities in terms of innovation purposes (exploration and exploitation) or alternatives to access to public funds (compulsory requirement of being involved in a university partnership). Using a sample of 10,167 Mexican enterprises in the 2012 Research and Technological Development Survey collected by the Mexican National Institute of Statistics and Geography, we tested a multinomial regression model. Our results provide insights about the relevant role of universities inside enterprises’ exploratory innovation practices, as well as, in the access of R&D research subsidies

‘Better late than never’: the interplay between green technology and age for firm growth

This paper investigates the relationship between green/non-green technologies and firm growth. By combining the literature on eco-innovations, industrial organisation and entrepreneurial studies, we examine the dependence of this relationship on the pace at which firms grow and the age of the firm. From a dataset of 5498 manufacturing firms in Italy for the period of 2000–2008, longitudinal fixed effects quantile models are estimated, in which the firm’s age is set to moderate the effects of green and non-green patents on employment growth. We find that the positive effect of green technologies on growth is greater than that of non-green technologies. However, this result does not apply to struggling and rapidly growing firms. With fast-growing (above the median) firms, age moderates the growth effect of green technologies. Inconsistent with the extant literature, this moderation effect is positive: firm experience appears important for the growth benefits of green technologies, possibly relative to the complexity of their management