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Corporate R&D and firm efficiency : evidence from Europe's top R&D investors

Kumbhakar, Subal; Ortega-Argilés, Raquel; Potters, Lesley - 2010

The main objective of this study is to investigate the impact of corporate R&D activities on firm performance, measured by labour productivity. To this end, the stochastic frontier technique is used on a unique unbalanced longitudinal dataset on top European R&D investors over the period...

Persistent link: https://www.econbiz.de/10011981958

Financing constraints and R&D investments of large corporations in Europe and the USA

Cincera, Michele; Ravet, Julien - 2010

This paper explores the existence and importance of financing constraints for R&D investments in large EU and US manufacturing companies over the 2000-2007 period. The main results obtained by estimating error-correction equations suggest that the sensitivity of R&D investments to cash flow...

Persistent link: https://www.econbiz.de/10011980362

Globalisation, industrial diversification and productivity growth in large European R&D companies

Cincera, Michele; Ravet, Julien - 2011

This paper aims to assess the impact of both geographic and industrial diversification of economic activities on the productivity performance of large European R&D Multinational Enterprises (MNEs). Based on the worldwide subsidiaries of these firms, we measure the performance of the firms...

Persistent link: https://www.econbiz.de/10011982030

Access to finance for innovation : the role of venture capital and the stock market

Bogliacino, Francesco; Lucchese, Matteo - 2011

innovative activity in Europe: the Innovation Union Scoreboard and the R&D Scoreboard. With the first, we study the determinants … of the venture capital/GDP intensity in Europe. With the second, we try to assess the contribution of stock market to R …

Persistent link: https://www.econbiz.de/10011982098

Design and European firms' innovative performance : a less costly innovation activity for European SMEs?

Ciriaci, Daria - 2011

The objective of this study is to provide an analysis of the importance of design - defined as the procedures, choice of elements and technical preparation to implement a new product - and R&D investments as drivers of European firms' innovation performance. In addition, it specifically analyses...

Persistent link: https://www.econbiz.de/10011982139

Multinationality, R&D and productivity evidence from the top R&D investors worldwide

Castellani, Davide; Montresor, Sandro; Schubert, Torben; … - 2015

The paper investigates the impact that the multinational scope of firms' activities can have on their productivity. First, we argue that such an impact is both direct and indirect, and that the latter is channelled through higher incentives to invest in R&D. Second, we posit that the composition...

Persistent link: https://www.econbiz.de/10011983762

Does Europe perform too little corporate R&D? : a comparison of EU and non-EU corporate R&D performance

Moncada Paternò Castello, Pietro; Ciupagea, Constantin; … - 2009

This paper examines whether there are differences in private R&D investment performance between the EU and the US and, if so, why. The study is based on data from the 2008 EU Industrial R&D Investment Scoreboard. The investigation assesses the effects of several very distinct factors that can...

Persistent link: https://www.econbiz.de/10012056154

R&D-intensive SMEs in Europe : what do we know about them?

Ortega-Argilés, Raquel; Potters, Lesley; Voigt, Peter - 2009

The importance of SMEs in Europe's innovation process can be seen in both the academic and the political arena. Adopted … in June 2008, the 'Small Business Act' for Europe reflects the Commission's political will to recognise the central role … development. This kind of policy calls for a more in-depth look into the nature of the SME population in Europe. Several attempts …

Persistent link: https://www.econbiz.de/10012056191