Firm Characteristics and the Cyclicality of R&D Investments
Firm Characteristics and the Cyclicality of R&D Investments
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公司特征和 R 的周期性
DOI：
10.2139/ssrn.1806254
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发表时间：
2011
期刊：
影响因子：
--
通讯作者：
M. Woerter
中科院分区：
文献类型：
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作者：
Spyros Arvanitis;M. Woerter
本研究的目的是将企业行为的微观方面与业务发展的宏观方面结合起来，并确定使企业能够具有顺周期、反周期或非系统性研发投资行为的市场条件（例如价格竞争）和企业特征（例如研发合作伙伴类型）。实证结果在很大程度上证实了一系列关于与创新相关的企业特征的假设，这些假设强调了三种不同的行为类别，并使我们能够对三种类型的研发行为进行概况分析。
The aim of this study is to combine micro-aspects of firm behavior with macro aspects of business development and identify market conditions (e.g. price competition) and firm characteristics (e.g. type of R&D partners) that enable a firm to have a pro-cyclical, anti-cyclical, or non-systematic R&D investment behavior. The empirical results confirm to large extent a series of hypotheses as to innovation-relevant firm characteristics that underline the three different behavior categories and allow us to make profiles of the three types of R&D behavior.