|کد مقاله||کد نشریه||سال انتشار||مقاله انگلیسی||ترجمه فارسی||نسخه تمام متن|
|1026501||1483322||2016||13 صفحه PDF||سفارش دهید||دانلود رایگان|
This empirical study investigates the effect of a high R&D intensity on performance during a financial crisis. Though the general positive connection between R&D and subsequent growth is well known, existing literature provide managers with limited guidance about the particular role of R&D in a recession. Using binary logistic regression on a sample of 247 Norwegian manufacturers, we find that firms who devoted considerable resources to R&D activities performed significantly better than other firms through the late 2000s financial crisis. This connection was even stronger than the one found during a period of normal growth, implying that the importance of R&D is accentuated during a crisis. We provide several possible explanations for this. This study also addresses gaps in the literature relating to the time lag between R&D investment and effect on revenue. We find a gap of two years, with an even stronger effect after three years.
Journal: The Journal of High Technology Management Research - Volume 27, Issue 1, 2016, Pages 65–77