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Treibende und hemmende Faktoren im Berufsbildungsexport aus Sicht deutscher Anbieter

Leipzig, im Mai 2012
: Salameh, Nadim; Preissler, Anzhela; Hudak, Stefan

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Leipzig: Fraunhofer MOEZ, 2012, 52 pp.
Bundesministerium für Bildung und Forschung BMBF
01BEX09A11; Berufsbildungsexport durch deutsche Anbieter: treibende und hemmende Faktoren
Study, Electronic Publication
Fraunhofer MOEZ ( IMW) ()

We develop a multi-level model of the impact of new product development (NPD) failures on firm valuation based on organizational, managerial, and product-level characteristics of high technology firms. Drawing on signalling theory we argue that the impact of failure increases with the products development stage, and that this effect is contingent on the resources of the firm. Using data on 234 NPD failures of biopharmaceutical firms listed on the NASDAQ Biotechnology index, the findings largely support our model and demonstrate that organizational and managerial characteristics are important factors that mitigate the impact of NPD failures in new Technology firms. We discuss implications for the product development literature.