Firm Characteristics and the Cyclicality of R&D Investments
AbstractAim of this study is to combine micro-aspects of firm behaviour with macro-aspects of business development and identify market conditions (for example, price competition) and firm characteristics (for example, type of R&D partners) that enable a firm to have a procyclical, anti-cyclical or non-systematic R&D investment behaviour. New elements of our analysis are: (a) the identification in our data of the above three main types of R&D behaviour with respect to the fluctuation of overall economic activity as measured by a standard composite indicator of the business conditions at industry level and (b) the investigation of a series of hypotheses as to innovation-relevant firm characteristics that underline the three different behaviour categories. The empirical results confirm to large extent our hypotheses and allow us to make profiles of the three types of R&D behaviour.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by KOF Swiss Economic Institute, ETH Zurich in its series KOF Working papers with number 11-277.
Length: 25 pages
Date of creation: Apr 2011
Date of revision:
R&D; anti-cyclical behaviour; pro-cyclical behaviour;
Find related papers by JEL classification:
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-05-07 (All new papers)
- NEP-BEC-2011-05-07 (Business Economics)
- NEP-COM-2011-05-07 (Industrial Competition)
- NEP-IND-2011-05-07 (Industrial Organization)
- NEP-INO-2011-05-07 (Innovation)
- NEP-SBM-2011-05-07 (Small Business Management)
- NEP-TID-2011-05-07 (Technology & Industrial Dynamics)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Alexander Eickelpasch, 2014. "R&D Behavior of German Manufacturing Companies during the 2008/09 Recession," Discussion Papers of DIW Berlin 1357, DIW Berlin, German Institute for Economic Research.
- Spyros Arvanitis & Marius Ley & Tobias Stucki & Martin Woerter & Florian Seliger, 2012. "Trotz Krise nach wie vor starke Position der Schweizer Wirtschaft im internationalen Innovationswettbewerb," KOF Analysen, KOF Swiss Economic Institute, ETH Zurich, vol. 6(4), pages 31-40, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.