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Modeling R&D investment decision of ISE listed firms: A sample selection approach

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  • Yeşim ÜÇDOĞRUK

    (Dokuz Eylül Üniversitesi)

Abstract

There are a large number of studies on the drivers of R&D investment, only a few of them deal with “selection bias” problem resulting from performers not being a random sample from the population of firms. As most of the firms especially in developing countries like Turkey , due to market failures and underdeveloped financial markets, do not invest in R&D support policies that induce them to overcome this first obstacle also play a critical role. This paper studies the drivers of R&D activities in non-financial firms listed at Istanbul Stock Exchange by using a panel data at the establishment level for the 1998-2007 periods. Our findings suggest that although SMEs are less likely to conduct R&D, they spend proportionally more on R&D than the LSEs. Moreover, public support has a strong effect in raising R&D intensity of R&D performers.

Suggested Citation

  • Yeşim ÜÇDOĞRUK, 2010. "Modeling R&D investment decision of ISE listed firms: A sample selection approach," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 25(289), pages 29-45.
  • Handle: RePEc:iif:iifjrn:v:25:y:2010:i:289:p:29-45
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    More about this item

    Keywords

    R&D; Public support; Sample selection;

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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