Open access
Date
2011-04Type
- Working Paper
ETH Bibliography
yes
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Abstract
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. Show more
Permanent link
https://doi.org/10.3929/ethz-a-006423007Publication status
publishedJournal / series
KOF Working PapersVolume
Publisher
KOF Swiss Economic Institute, ETH ZurichSubject
UNTERNEHMENSFORMEN; Anti-cyclical behaviour; REIHENFOLGEPLANUNG (OPERATIONS RESEARCH); FORMS OF BUSINESS ORGANIZATIONS; INVESTMENTS; JOB SEQUENCING (OPERATIONS RESEARCH); FORSCHUNG UND ENTWICKLUNG; Pro-cyclical behaviour; R&D; RESEARCH AND DEVELOPMENT; INVESTITIONENOrganisational unit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
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ETH Bibliography
yes
Altmetrics