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A Cross-sectional Analysis of Research and Development Expenditures.

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Author(s)
Buchmann, Beau
Advisor(s)
Johnson, Marianne
Date
Dec 18, 2007
Subject(s)
Expenditures, Public; Finance; Research and development
Abstract
Long-term economic growth is sustained by research and development activities conducted by private firms, and therefore, understanding how firms make R&D choices is important. In this study, Compustat data is used to econometrically analyze firm choices about research and development (R&D). Examined are both the total amount of money firms spend on R&D activities and the portion of sales revenue firms spend on R&D. Our interpretations are as follows. The model predicts that larger firms, determined by sales revenue and number of people employed, spend more money on R&D activities. In addition, firms whose operations include more business segments commit fewer revenues to innovation, while firms that operate in more geographic areas typically spend more on R&D. Finally, if a firm owns more intangible assets, such as franchise rights and patents or copyrights, it will likely spend more on R&D.
Description
Oshkosh Scholar, Volume 2, 2007, p. 19-27.
Permanent link
http://digital.library.wisc.edu/1793/22329 
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