The Decision Between Internal and External R&D
The purpose of this paper is to identify those factors shaping the decision to engage in external R&D. We use the lens of institutional economics to link the decision to engage in external R&D to both firm - and industry - specific characteristics. In particular, we find that internal and external R&D tend to be complements in high-technology industries but substitutes in low-technology industries.
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|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: RESEARCH INSTITUTE FOR SMALL AND MEDIUM-SIZED BUSINESS IN THE NETHERLANDS, NEUHUYS.|
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