کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
985020 | 934407 | 2012 | 18 صفحه PDF | دانلود رایگان |

To investigate whether there is a similar relationship between R&D intensity and growth in high-tech and non-high-tech small and medium-sized enterprises (SMEs), we examine two samples of SMEs in manufacturing industries, applying the two-step estimation method. Our findings are that R&D intensity restricts the growth of high-tech SMEs at lower levels of R&D intensity and stimulates their growth at higher levels. However, R&D intensity restricts the growth of non-high-tech SMEs regardless of the level of R&D. The relationships obtained between other determinants considered in the literature and the growth of high-tech and non-high-tech SMEs allow us to conclude that (i) smaller, younger, non-high-tech SMEs grow more quickly than larger, older, non-high-tech SMEs, which does not occur in the case of high-tech SMEs; and (ii) financing restrictions are especially important in financing the growth of high-tech SMEs, compared with non-high-tech SMEs.
► R&D intensity restricts the growth of high-tech SMEs for lower levels of R&D intensity and stimulates their growth at higher levels.
► R&D intensity restricts the growth of non-high-tech SMEs regardless of the level of R&D.
► Other determinants have different impact on high-tech SMEs growth and non-high-tech SMEs growth.
Journal: Research Policy - Volume 41, Issue 1, February 2012, Pages 36–53