Research interests: Innovation, Strategy, R&D Policy, Causal Inference

Current Research Projects

“Causal Machine Learning and Business Decision Making” (with Jermain Kaminski and Carla Schmitt, submitted for publication)

“Causal Inference and Data-Fusion in Econometrics” (with Elias Bareinboim, submitted for publication)

“Double Machine Learning and Bad Controls — A Cautionary Tale” (with Beyers Louw and Itamar Caspi)

“The effect of publicly co-funded industry-science collaboration on scientific production” (with Cindy Lopes-Bento and Maikel Pellens, submitted for publication)

“Can They See Us? Ecological Community Logics, Identifiable Business Ownership, and Green Innovation as a Company Response” (with Yannick Bammens, submitted for publication)

“On the Nuisance of Control Variables in Regression Analysis” (with Beyers Louw)

“That’s a lot to PROCESS! Pitfalls of Popular Path Models” (with Julia Rohrer, Ruben Arslan and Malte Elson, submitted for publication)


[10] Bammens, Y., Hünermund, P., Andries, P. (2021). Pursuing Gains or Avoiding Losses: The Contingent Effect of Transgenerational Intentions on Innovation Investments. Journal of Management Studies, forthcoming.


[9] Bammens, Y., Hünermund, P. (2021). How Midsize Companies Can Compete in AIHarvard Business Review, September.

[8] Hamstra, M. R. W., Schreurs, B., Jawahar, I. M., Laurijssen, L. M., Hünermund, P. (2021). Manager narcissism and employee silence: A socio‐analytic theory perspective. Journal of Occupational and Organizational Psychology, 94(1): 29–54.

[7] Boeing, P., Hünermund, P. (2020). A global decline in research productivity? Evidence from China and Germany. Economics Letters, 197.

Working Paper Version
Media: Frankfurter Allgemeine Zeitung (FAZ), Neue Zürcher Zeitung (NZZ), ZEW Policy Brief, ZEW News, Wirtschaftsforum SPD, Marginal Revolution

[6] Bammens, Y., Hünermund, P. (2020). Nonfinancial considerations in eco‐innovation decisions: The role of family ownership and reputation concerns. Journal of Product Innovation Management, 37(5): 431–453.

FFI Best Quantitative Paper Award at European Academy of Management (EURAM) 2018 Conference in Reykjavik, Iceland

[5] Andries, P., Hünermund, P. (2020). Firm-level effects of staged investments in innovation: The moderating role of resource availability. Research Policy, 49(7).

Preprint, Supplemental Material

[4] Czarnitzki, D., Hünermund, P., and Moshgbar, N. (2020). Public Procurement of Innovation: Evidence from a German Legislative Reform. International Journal of Industrial Organization, 71.

Media: Oekonomenstimme, ZEWnews

[3] Hünermund, P., Czarnitzki, D. (2019). Innovation Policy and Causality. ifo DICE Report 4 / 2019 (Winter): Innovation Policy, 3–6.

[2] Hünermund, P., and Czarnitzki, D. (2019). Estimating the Causal Effect of R&D Subsidies in a Pan-European Program. Research Policy, 48(1): 115–124.

Preprint, Supplemental Material
Media: Voxeu, Oekonomenstimme, ZEW Aktuell

[1] Hünermund P. (2017). Do Most Companies Even Try to Innovate Anymore?. Harvard Business Review, April.

Book Chapters

[1] Hünermund, P. (2021). Herausforderungen für die Innovationspolitik. In Frenzel, M., Machnig, M., Zenke, I. (Hg.). Post Coronomics — Neue Ideen für Markt, Staat und Unternehmen. Bonn, Germany: Dietz.

Other publications

Hünermund, P., Schmidt-Dengler, P., and Takahashi Y. (2014). Entry and Shakeout in Dynamic Oligopoly. ZEW Discussion Paper No. 14-116.