Title: Temporal structure of firm growth and the impact of R&D
Abstract: This paper examines the time structure of the effect of R&D activities on firm growth. The main question is whether R&D activities come together with firms’ growth in the subsequent periods and how this relationship depends on other characteristics of the firms, such as size. We use firm level data of 1000 European companies with details on R&D investments in 2003 to 2006. A regression approach is applied with a linear model taking into account R&D activities at points in time and autocorrelation dynamics of firm growth. We find that R&D has, on average, a positive effect on firm growth, but the effect and its temporal structure depend on the firm size.
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: preprint
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Cited By Count: 5
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