Template-type: ReDif-Paper 1.0
Author-Name: Capasso M. 
Author-Name: Treibich T.G. 
Author-Name: Verspagen Bart
Author-workplace-name: UNU-MERIT
Title: The medium-term effect of R&D on firm growth
Abstract: This study analyses the medium-term effect of RD expenditure on firm employment growth. Four cross-sectional waves of an innovation survey conducted in the Netherlands have been used to evaluate the effect on firm growth in the five years following the investment. Panel data fixed effect techniques, also allowing for selection bias corrections, indicate a positive influence of RD on growth. Limited dependent variable models have been used throughout the whole analysis to consider explicitly the cases of firms exiting the market in the analysed medium term.
Keywords: Market Structure, Firm Strategy, and Market Performance: General; Firm Objectives, Organization, and Behavior: General; Management of Technological Innovation and R&D; 
Classification-JEL: L20; L10; O32; .
Series:  Working Papers
Creation-Date: 2014
Number: 001
File-URL: http://pub.maastrichtuniversity.nl/e011abbc-9c8f-432f-98c9-056e000d4406
File-Format: application/pdf
File-Size: 294425
Handle: RePEc:unm:unumer:2014001