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The Impact of Firm’s R&D Strategy on Profit and Productivity
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre of Excellence for Science and Innovation Studies, CESIS (closed 20110701).
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre of Excellence for Science and Innovation Studies, CESIS (closed 20110701).ORCID iD: 0000-0002-5871-8571
2008 (English)Report (Other academic)
Abstract [en]

This paper investigates how a firm’s R&D strategy influences the firm performance as measured byproductivity and profitability. A formal production model is introduced to define and interpretalternative ways of measuring the impact of R&D. Studying 1,767 randomly selected firms from theSwedish manufacturing sector, the main findings are: (i) firms which apply persistent R&D performbetter than firms with occasional as well as no R&D, (ii) occasional R&D is associated with lowerperformance than no R&D, and (iii) in quantile regressions the positive effect from R&D persistencyis lacking for low productivity firms (lowest quartile) indicating a non-linear response. Moreover, theanalysis recognises the different roles of ordinary and knowledge labour in production whenspecifying alternative performance measures and when identifying knowledge labour as a firm’s R&Dcapacity, which has a highly significant impact on firm performance. Introducing a formal productionmodel in order to define and interpret alternative ways of measuring the impact of R&D, we applysimple ordinary OLS and quantile regressions on the economic model for analyzing the importance fora particular R&D strategy on firms’ productivity and profitability. To the best of our knowledge, webelieve that the main findings of the analysis make contributions to the R&D literature.

Place, publisher, year, edition, pages
Stockholm: KTH Royal Institute of Technology, 2008. , 28 p.
Series
CESIS Working Paper Series in Economics and Institutions of Innovation, 156
Keyword [en]
R&D strategy, profit, productivity
National Category
Economics
Identifiers
URN: urn:nbn:se:kth:diva-72263OAI: oai:DiVA.org:kth-72263DiVA: diva2:487391
Note
QC 20120209Available from: 2012-02-09 Created: 2012-01-31 Last updated: 2012-02-09Bibliographically approved

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Lööf, Hans

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
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More styles
Language
  • de-DE
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  • Other locale
More languages
Output format
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