A bit of basic, a bit of applied? R&D strategies and firm performance

被引：0
|
作者：
Alex Coad
Agustí Segarra-Blasco
Mercedes Teruel
机构：
[1] Waseda University,Waseda Business School
[2] Universitat Rovira I Virgili,GRIT & ECO
来源：
The Journal of Technology Transfer | 2021年 / 46卷
关键词：
Applied research; Basic research; Firm growth; R&D; Technological development; Complementarity; Linear model;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Most studies analysing the relationship between R&D and firm growth focus on total R&D investment. This paper aims to analyse separately each component of R&D investment (basic research, applied research and technological development) and evaluate how these types of R&D investment are related to firm growth. Using a sample of 3972 Spanish manufacturing firms during 2004–2015, our empirical results are the following. First, firms have heterogeneous R&D strategies. The common wisdom that young firms invest in basic research, while old firms invest in applied research, is not supported in our data. Second, we investigate the characteristics and dynamics of firms with different R&D strategies. We observe complementarities between applied research and technological development due to their positive associations with firm growth. Finally, our results show that there is a tendency for firms to transition from basic research to applied research.
引用
收藏
页码：1758 / 1783
页数：25
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