Firm characteristics and the cyclicality of R&D investments

Arbeitspapier

Aim 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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: KOF Working Papers ; No. 277

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: R&D ; anti-cyclical behaviour ; pro-cyclical behaviour

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Arvanitis, Spyros ; Woerter, Martin
• Ereignis: Veröffentlichung
• (wer): ETH Zurich, KOF Swiss Economic Institute
• (wo): Zurich
• (wann): 2011

Weitere Informationen

• DOI: doi:10.3929/ethz-a-006423007
• Handle: http://hdl.handle.net/10419/50440
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ