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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: KOF Working Papers ; No. 277

Classification and Topics

• Classification: Wirtschaft
• Subject: R&D ; anti-cyclical behaviour ; pro-cyclical behaviour

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Arvanitis, Spyros ; Woerter, Martin
• Event: Veröffentlichung
• (who): ETH Zurich, KOF Swiss Economic Institute
• (where): Zurich
• (when): 2011

Further information

• DOI: doi:10.3929/ethz-a-006423007
• Handle: http://hdl.handle.net/10419/50440
• Last update: 10.03.2025, 11:42 AM CET