Competition favors the prepared firm: Firms RD responses to competitive market pressure

Cited 43 time in webofscience Cited 45 time in scopus
  • Hit : 884
  • Download : 196
DC FieldValueLanguage
dc.contributor.authorLee, Chang-Yangko
dc.date.accessioned2011-02-07T08:49:47Z-
dc.date.available2011-02-07T08:49:47Z-
dc.date.created2012-02-06-
dc.date.created2012-02-06-
dc.date.created2012-02-06-
dc.date.issued2009-06-
dc.identifier.citationRESEARCH POLICY, v.38, no.5, pp.861 - 870-
dc.identifier.issn0048-7333-
dc.identifier.urihttp://hdl.handle.net/10203/21986-
dc.description.abstractThis paper aims to contribute to the literature on the long-debated relationship between market competition and firm research and development (R&D) by investigating the effect of competitive market pressure on firms' incentives to invest in R&D. The paper shows that a firm's R&D response to competitive market pressure depends primarily on its level of technological competence or R&D productivity: firms with high levels of technological competence tend to respond aggressively (i.e., exhibit a higher level of R&D efforts) to intensifying competitive market pressure, while firms with low levels of technological competence tend to respond submissively (i.e., exhibit a lower level of R&D efforts). The differential effect of competitive market pressure on firm R&D, conditioned primarily by the level of firms' technological competence, is empirically supported by unique firm-level data from the World Bank. Furthermore, the role of firm-specific technological competence in conditioning the R&D-competition relationship is more evident and statistically more significant for firms facing consumers whose utility is relatively more elastic to product quality than to price. (C) 2009 Elsevier B.V. All rights reserved.-
dc.description.sponsorshipThe author thanks his dissertation advisor at Harvard, Frederic M. Scherer, and other seminar participants at Harvard and KAIST Business School for their invaluable comments and advice on the early version of this paper. The author also thanks Editor Stefan Kuhlman andtwo anonymousreferees for their encouragement and invaluable comments.en
dc.languageEnglish-
dc.language.isoen_USen
dc.publisherELSEVIER SCIENCE BV-
dc.titleCompetition favors the prepared firm: Firms RD responses to competitive market pressure-
dc.typeArticle-
dc.identifier.wosid000266187100015-
dc.identifier.scopusid2-s2.0-64449086094-
dc.type.rimsART-
dc.citation.volume38-
dc.citation.issue5-
dc.citation.beginningpage861-
dc.citation.endingpage870-
dc.citation.publicationnameRESEARCH POLICY-
dc.identifier.doi10.1016/j.respol.2009.01.005-
dc.embargo.liftdate9999-12-31-
dc.embargo.terms9999-12-31-
dc.contributor.localauthorLee, Chang-Yang-
dc.description.isOpenAccessN-
dc.type.journalArticleArticle-
dc.subject.keywordAuthorTechnological competence-
dc.subject.keywordAuthorR&amp-
dc.subject.keywordAuthorD response to competitive market pressure-
dc.subject.keywordPlusTECHNOLOGICAL-OPPORTUNITY-
dc.subject.keywordPlusPROCESS INNOVATION-
dc.subject.keywordPlusPRODUCT-
dc.subject.keywordPlusDETERMINANTS-
dc.subject.keywordPlusINTENSITY-
dc.subject.keywordPlusBEHAVIOR-
dc.subject.keywordPlusEFFICIENCY-
dc.subject.keywordPlusPARADIGMS-
dc.subject.keywordPlusPATENTS-
Appears in Collection
MT-Journal Papers(저널논문)
Files in This Item
This item is cited by other documents in WoS
⊙ Detail Information in WoSⓡ Click to see webofscience_button
⊙ Cited 43 items in WoS Click to see citing articles in records_button

qr_code

  • mendeley

    citeulike


rss_1.0 rss_2.0 atom_1.0