Economic returns to industrial research

Journal of Business Research

Volumn 61, Issue 8, 2008, Pages 868-876

  Kafouros, Mario I ^a  

^a UNIVERSITY OF LEEDS   (United Kingdom)

Author keywords

Innovation; Research and development; Returns to R D

Indexed keywords

EID: 44649107660     PISSN: 01482963     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbusres.2007.09.004     Document Type: Article

References (51)

1. Adams J.D., and Jaffe A.B. Bounding the effects of R&D: an investigation using matched establishment-firm data. Rand J Econ 27 4 (1996) 700-721
2. Aghion P., and Howitt P. A model of growth theory through creative destruction. Econometrica 60 (1992) 323-351
3. Aitken B., and Harrison A. Do domestic firms benefit from foreign direct investment? Evidence from panel data. Am Econ Rev 89 (1999) 605-618
4. Artz K.W., Norman P.M., and Hatfield D.E. Firm performance: a longitudinal study of R&D, patents, and product innovation. Academy of Management Best Conference Paper (2003)
5. Brynjolfsson E., and Hitt L. Beyond computation: information technology, organizational transformation and business performance. J Econ Perspect 14 4 (2000) 23-48
6. Cameron G. On the measurement of real R&D - Divisia price indices for UK business enterprise R&D. Res Eval 6 3 (1996) 215-219
7. Chen M.J., and Miller D. Competitive attack, retaliation and performance: an expectancy-valence framework. Strateg Manage J 15 2 (1994) 85-102
8. Chesbrough H.W. Open innovation: the new imperative for creating and profiting from technology (2003), Harvard Business School Publishing Corporation
9. Clark B., and Griliches Z. Productivity and R&D at the firm level in French manufacturing. In: Griliches Z. (Ed). R&D, patents, and productivity (1984), University of Chicago Press 393-416
10. Cohen W.M., and Klepper S. Firm size and the nature of innovation within industries: the case of product and process R&D. Rev Econ Stat 78 2 (1996) 232-243
11. Cohen W.M., and Levinthal D.A. Absorptive capacity: a new perspective on learning and innovation. Adm Sci Q 35 1 (1990) 128-152
12. Frohman A.L. Technology as a competitive weapon. Harvard Bus Rev 60 1 (1982) 97-104
13. Geroski P. Markets for technology: knowledge, innovation, and appropriability. In: Stoneman P. (Ed). Handbook of the economics of innovation and technological change (1995), Blackwell, Oxford 90-131
14. Goto A., and Suzuki K. R&D capital, rate of return on R&D investment and spillover of R&D on Japanese manufacturing industries. Rev Econ Stat 71 4 (1989) 555-564
15. Griffith R., Redding S., and Van Reenen J. Mapping the two faces of R&D: productivity growth in a panel of OECD industries. Rev Econ Stat 86 4 (2004) 883-895
16. Griliches Z. Issues in assessing the contribution of research and development to productivity growth. Bell J Econ 10 (1979) 92-116
17. Griliches Z. Returns to research and development expenditures in the private sector. In: Kendrick J., and Vaccara B. (Eds). New developments in productivity measurement and analysis (1980), University of Chicago Press, Chicago 419-461
18. Griliches Z. Productivity, R&D, and basic research at the firm level in the 1970s. Am Econ Rev 76 1 (1986) 141-154
19. Griliches Z., and Mairesse J. Productivity and R&D at the firm level. In: Griliches Z. (Ed). R&D, patents, and productivity (1984), University of Chicago Press, Chicago 339-374
20. Hall B., and Mairesse J. Exploring the relationship between R&D and productivity in French manufacturing firms. J Econom 65 (1995) 263-293
21. Hambrick D.C., and Macmillan I.C. Efficiency of product R&D in business units: the role of strategic context. Acad Manage J 28 3 (1985) 527-547
22. Harhoff D. R&D and productivity in German manufacturing firms. Econ Innov New Technol 6 (1998) 28-49
23. Iansiti M., and West J. Technology integration: turning great research into great products. Harvard Bus Rev 75 3 (1997) 69-79
24. Jorgenson D.W. Capital theory and investment behavior. Am Econ Rev 53 2 (1963) 247-259
25. Kafouros M.I. R&D and productivity growth: evidence from the UK. Econ Innov New Technol 14 6 (2005) 479-497
26. Kafouros M.I. The impact of the Internet on R&D-efficiency: theory and evidence. Technovation 26 7 (2006) 827-835
27. Kessler E.H. Leveraging e-R&D processes: a knowledge-based view. Technovation 23 (2003) 905-915
28. Kotabe M., Srinivasan S.S., and Aulakh P.S. Multinationality and firm performance: the moderating role of R&D and marketing capabilities. J Int Bus Stud 33 1 (2002) 79-97
29. Le S.A., Walters B., and Kroll M. The moderating effects of external monitors on the relationship between R&D spending and firm performance. J Bus Res 59 2 (2006) 278-287
30. Lichtenberg F., and Siegel D. The impact of R&D investment on productivity - new evidence using linked R&D-LRD data. Econ Inq 29 2 (1991) 203
31. Lin B., Lee Y., and Hung S. R&D intensity and commercialization orientation effects on financial performance. Journal of Business Research 59 6 (2006) 679-685
32. Link A. Research and development activity in US manufacturing (1981), Praeger, New York
33. Lu J.W., and Beamish P.W. International diversification and firm performance: the S-curve hypothesis. Acad Manage J 47 4 (2004) 598-609
34. Mairesse J., and Sassenou M. R&D and productivity: a survey of econometric studies at the firm level. Sci Technol Ind Rev 8 (1991) 317-348
35. Mansfield E. Industrial research and technological innovation: an econometric analysis (1968), Norton for the Cowles Foundation for Research in Economics, Yale University, New York
36. Matheson D., and Matheson J. The smart organization: creating value through strategic R&D (1998), Harvard Business School Press, Boston
37. McGahan A.M., and Silverman B.S. Profiting from technological innovation by others: the effect of competitor patenting on firm value. Res Policy 35 (2006) 1222-1242
38. Nelson R.R. The simple economics of basic scientific research. J Polit Econ 67 (1959) 297-306
39. Odagiri H., and Iwata H. The impact of R&D on productivity increase in Japanese manufacturing companies. Res Policy 15 (1986) 13-19
40. ONS. Research and development in UK businesses: Business Monitor MA14. UK Office of National Statistics (2002)
41. Pakes A., and Schankerman M. The rate of obsolescence of patents, research gestation lags, and the private rate of return to research resources. In: Griliches Z. (Ed). R&D, patents and productivity (1984), University of Chicago Press, Chicago 98-112
42. Pavitt K., Robson M., and Townsend J. The size distribution of innovating firms in the UK: 1945-1983. J Ind Econ 55 (1987) 291-316
43. Piergiovanni R., Santarelli E., and Vivarelli M. From which source do small firms derive their innovative inputs? Some evidence from Italian industry. Rev Ind Organ 12 (1997) 243-258
44. Porter E.M. Competitive strategy: techniques for analyzing industries and competitors (1980), The Free Press
45. Ravenscraft D., and Scherer F.M. The lag structure of economic returns to research and development. Appl Econ 14 (1982) 603-620
46. Sassenou M. Recherche-developpment et productivity dans les enterprizes Japonaises: Une etude econometrique sur donnees de panel, Doctoral Dissertation 1988, Ecole des Hautes Etudes en Sciences Sociales, Paris.
47. Schumpeter J.A. Capitalism, socialism and democracy (1942), Harper and Row, New York
48. Stoneman P., and Toivanen O. The impact of revised recommended accounting practices on R&D reporting by UK firms. Int J Econ Bus 8 1 (2001) 123-136
49. Teece D.J. Profiting from technological innovation. Res Policy 15 (1986) 285-306
50. Wakelin K. Productivity growth and R&D expenditure in UK manufacturing firms. Res Policy 30 (2001) 1079-1090
51. Wang J., and Tsai K. Productivity growth and R&D expenditure in Taiwan's manufacturing firms. NBER Working Paper 9724, National Bureau of Economic Research (2003)