Quantile estimates of the impact of R&D intensity on firm performance

被引：158

作者：

Falk, Martin ^{[1
]}

机构：

[1] Austrian Inst Econ Res WIFO, Vienna, Austria

来源：

SMALL BUSINESS ECONOMICS | 2012年 / 39卷 / 01期

关键词：

R&D activities; Firm growth; Quantile regressions; MICRO EVIDENCE; GROWTH; INNOVATION; EMPLOYMENT; PRODUCTIVITY; SIZE; BEHAVIOR; RETURNS; AGE;

D O I：

10.1007/s11187-010-9290-7

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper investigates the relationship between initial research and development (R&D) intensity and firm growth using a unique data set for firms with R&D activities in Austria during the period 1995-2006. Results based on the least absolute deviation (LAD) estimator show that initial R&D intensity has a positive and significant impact on both employment and sales growth in the subsequent 2 years. Quantile regressions for each cross-section reveal that the impact of R&D intensity is significant from 0.3 to the highest quantile of the conditional distribution of employment growth. Furthermore, the elasticity of employment growth with respect to R&D intensity is highest for firms at or slightly below the median of the distribution of firm growth. Finally, we find that the impact of R&D decreases significantly over time.

引用

页码：19 / 37

页数：19

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