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http://hdl.handle.net/10419/35916
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Kumbhakar, Subal C. | | en_US |
| dc.contributor.author | | Ortega-Argilés, Raquel | | en_US |
| dc.contributor.author | | Potters, Lesley | | en_US |
| dc.contributor.author | | Vivarelli, Marco | | en_US |
| dc.contributor.author | | Voigt, Peter | | en_US |
| dc.date.accessioned | | 2010-02-16 | | en_US |
| dc.date.accessioned | | 2010-07-07T12:04:11Z | | - |
| dc.date.available | | 2010-07-07T12:04:11Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/35916 | | - |
| dc.description.abstract | | The main objective of this study is to investigate the impact of corporate R&D activities on firms' performance, measured by labour productivity. To this end, the stochastic frontier technique is applied, basing the analysis on a unique unbalanced longitudinal dataset consisting of 532 top European R&D investors over the period 2000-2005. R&D stocks are considered as pivotal input in order to control for their particular contribution to firm-level efficiency. Conceptually, the study quantifies the technical inefficiency of a given company and tests empirically whether R&D activities could explain the distance from the efficient boundary of the production possibility set, i.e. the production frontier. From a policy perspective, the results of this study suggest that - if the aim is to leverage companies' productivity - emphasis should be put on supporting corporate R&D in high-tech sectors and, to some extent, in medium-tech sectors. By contrast, supporting corporate R&D in the low-tech sector turns out to have a minor effect. Instead, encouraging investment in fixed assets appears vital for the productivity of low-tech industries. However, with regard to firms' technical efficiency, R&D matters for all industries (unlike capital intensity). Hence, the allocation of support for corporate R&D seems to be as important as its overall increase and an 'erga omnes' approach across all sectors appears inappropriate. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | IZA Bonn | | en_US |
| dc.relation.ispartofseries | | IZA Discussion Papers 4657 | | en_US |
| dc.subject.jel | | L2 | | en_US |
| dc.subject.jel | | O3 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Corporate R&D | | en_US |
| dc.subject.keyword | | productivity | | en_US |
| dc.subject.keyword | | technical efficiency | | en_US |
| dc.subject.keyword | | stochastic frontier analysis | | en_US |
| dc.subject.stw | | Industrielle Forschung | | en_US |
| dc.subject.stw | | Unternehmensentwicklung | | en_US |
| dc.subject.stw | | Arbeitsproduktivität | | en_US |
| dc.subject.stw | | Technische Effizienz | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Europa | | en_US |
| dc.title | | Corporate R&D and firm efficiency: evidence from Europe's top R&D investors | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 618690107 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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