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https://hdl.handle.net/10419/35916
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
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dc.contributor.author | Kumbhakar, Subal C. | en |
dc.contributor.author | Ortega-Argilés, Raquel | en |
dc.contributor.author | Potters, Lesley | en |
dc.contributor.author | Vivarelli, Marco | en |
dc.contributor.author | Voigt, Peter | en |
dc.date.accessioned | 2010-02-16 | - |
dc.date.accessioned | 2010-07-07T12:04:11Z | - |
dc.date.available | 2010-07-07T12:04:11Z | - |
dc.date.issued | 2009 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x4657 | en |
dc.subject.jel | L2 | en |
dc.subject.jel | O3 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Corporate R&D | en |
dc.subject.keyword | productivity | en |
dc.subject.keyword | technical efficiency | en |
dc.subject.keyword | stochastic frontier analysis | en |
dc.subject.stw | Industrielle Forschung | en |
dc.subject.stw | Unternehmensentwicklung | en |
dc.subject.stw | Arbeitsproduktivität | en |
dc.subject.stw | Technische Effizienz | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Europa | en |
dc.title | Corporate R&D and firm efficiency: evidence from Europe's top R&D investors | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 618690107 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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