DC Field | Value | Language |
---|---|---|
dc.contributor.author | Lee, Chang-Yang | ko |
dc.contributor.author | Sung, Taeyoon | ko |
dc.date.accessioned | 2008-04-30T02:56:22Z | - |
dc.date.available | 2008-04-30T02:56:22Z | - |
dc.date.created | 2012-02-06 | - |
dc.date.created | 2012-02-06 | - |
dc.date.created | 2012-02-06 | - |
dc.date.issued | 2005-08 | - |
dc.identifier.citation | RESEARCH POLICY, v.34, no.6, pp.914 - 931 | - |
dc.identifier.issn | 0048-7333 | - |
dc.identifier.uri | http://hdl.handle.net/10203/4287 | - |
dc.description.abstract | This paper shows that firm heterogeneity in technological competence, rather than differences in industry-specific characteristics, is the primary condition determining the long-debated relationship between firm size and R&D. Specifically, by utilizing a formal model of firm R&D that shows that profit-maximizing firm R&D intensity is determined jointly by firm-specific technological competence and consumer preference regarding quality and price, this paper suggests that firm size affects firm R&D intensity not directly, but through its influence on firm-specific technological competence. In particular, four predictions are drawn and tested empirically: (1) in general, the size-R&D relationship is less-than-proportional or inverted U-shaped, especially for low-technological-competence firms; (2) however, the common less-than-proportional relationship disappears, and a more-than-proportional relationship becomes increasingly likely, for firms with high levels of technological competence, plausibly due to competence-enhancing, learning economies of scale and/or scope in R&D; (3) firms with larger accumulated R&D experience are, ceteris paribus, less likely to exhibit the common less-than-proportional relationship; (4) among industries, a greater within-industry departure from the proportional size-R&D relationship is expected for industries with seemingly high, rapidly changing technological-opportunity conditions. These predictions, especially pertaining to the conditioning role of technological competence in the size-R&D relationship, are empirically supported by the unique data by the World Bank. (c) 2005 Elsevier B.V. All rights reserved. | - |
dc.language | English | - |
dc.language.iso | en_US | en |
dc.publisher | ELSEVIER SCIENCE BV | - |
dc.title | Schumpeters legacy: A new perspective on the relationship between firm size and R&D | - |
dc.type | Article | - |
dc.identifier.wosid | 000231299000009 | - |
dc.identifier.scopusid | 2-s2.0-23044435005 | - |
dc.type.rims | ART | - |
dc.citation.volume | 34 | - |
dc.citation.issue | 6 | - |
dc.citation.beginningpage | 914 | - |
dc.citation.endingpage | 931 | - |
dc.citation.publicationname | RESEARCH POLICY | - |
dc.identifier.doi | 10.1016/j.respol.2005.04.006 | - |
dc.embargo.liftdate | 9999-12-31 | - |
dc.embargo.terms | 9999-12-31 | - |
dc.contributor.localauthor | Lee, Chang-Yang | - |
dc.description.isOpenAccess | N | - |
dc.type.journalArticle | Article | - |
dc.subject.keywordAuthor | technological competence | - |
dc.subject.keywordAuthor | proportionality | - |
dc.subject.keywordAuthor | absorptive capacity | - |
dc.subject.keywordPlus | INDUSTRIAL-RESEARCH | - |
dc.subject.keywordPlus | EMPIRICAL-ANALYSIS | - |
dc.subject.keywordPlus | MARKET-STRUCTURE | - |
dc.subject.keywordPlus | INNOVATION | - |
dc.subject.keywordPlus | DETERMINANTS | - |
dc.subject.keywordPlus | OPPORTUNITY | - |
dc.subject.keywordPlus | COMPETITION | - |
dc.subject.keywordPlus | SPILLOVERS | - |
dc.subject.keywordPlus | PATENTS | - |
dc.subject.keywordPlus | GROWTH | - |
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