Temporal structure of firm growth and the impact of R&D
AbstractThis paper examines the time structure of the effects of R&D activities on firm growth. The main questions are 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 and industry. In addition, we study the relationship between R&D effects and the autocorrelation dynamics of firm growth. 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 strongly depends on firm size and industry. --
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Bibliographic InfoPaper provided by Karlsruhe Institute of Technology (KIT), Department of Economics and Business Engineering in its series Working Paper Series in Economics with number 32.
Date of creation: 2011
Date of revision:
Firm growth; R&D activities; firm size; industry; autocorrelation; time gap; temporal structure;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-08-29 (All new papers)
- NEP-COM-2011-08-29 (Industrial Competition)
- NEP-CSE-2011-08-29 (Economics of Strategic Management)
- NEP-FDG-2011-08-29 (Financial Development & Growth)
- NEP-INO-2011-08-29 (Innovation)
- NEP-SBM-2011-08-29 (Small Business Management)
- NEP-TID-2011-08-29 (Technology & Industrial Dynamics)
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