Schmid, Thomas; Achleitner, Ann-Kristin; Ampenberger, Markus - In: Research Policy 43 (2014) 1, pp. 233-244
This paper analyzes how founders and their families influence R&D intensity. Information on R&D comes from a large …-scale, bi-annual survey among listed German firms. We find that R&D intensity is higher in firms that are actively managed by …&D expenditures, especially if they face financial constraints. This leads to an under-estimation of R&D intensity in these firms if …