A Reprise of Size and R&D
Опубликовано на портале: 12-07-2007
Economic Journal.
1996.
Vol. 106.
No. 437.
P. 925-951.
Тематические разделы:
Numerous studies have shown that, within industries, the propensity to perform R&D
and the amount of R&D conducted by performers are closely related to the size of
the firm, while R&D productivity declines with firm size. These findings have been
widely interpreted to indicate that there is no advantage to large firm size in conducting
R&D. The authors show how a simple model based on the idea of R&D cost spreading
can explain the prior findings about the R&D-firm size relationship, as well as additional
features of the R&D-firm size relationship, implying an advantage to large size in
R&D.
Ключевые слова
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Journal of Corporate Finance.
2002.
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