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Firm characteristics and the cyclicality of R&D investments

Arvanitis, Spyros ; Woerter, Martin

In: Industrial and Corporate Change, 2014, vol. 23, no. 5, p. 1141-1169

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    Titre
    • Firm characteristics and the cyclicality of R&D investments
    Auteur
    • Arvanitis, Spyros. *Spyros Arvanitis, ETH Zurich, KOF Swiss Economic Institute, 8092 Zurich, Switzerland. e-mail: arvanitis@kof.ethz.ch
    • Woerter, Martin. **Martin Woerter, ETH Zurich, KOF Swiss Economic Institute, 8092 Zurich, Switzerland. e-mail: woerter@kof.ethz.ch
    Type de document
    • Postprint
    Langue
    • Anglais
    Publié dans
    • Industrial and Corporate Change, 2014, vol. 23, no. 5, p. 1141-1169. Oxford University Press
    Autre version électronique
    Identifiant OAI-PMH
    • oai:doc.rero.ch:299312
    Summary
    The aim of this study is to combine micro-aspects of firm behavior with macro aspects of business development and identify market conditions (e.g. price competition) and firm characteristics (e.g. type of R&D partners) that enable a firm to have a pro-cyclical, anti-cyclical, or non-systematic R&D investment behavior. The empirical results confirm to large extent a series of hypotheses as to innovation-relevant firm characteristics that underline the three different behavior categories and allow us to make profiles of the three types of R&D behavior