Ebersberger, Bernd; Marsili, Orietta; Reichstein, Toke; … - In: International Review of Applied Economics 24 (2010) 1, pp. 95-102
Applying quantile regression to 760 Finnish firms, we show that the relationship between R&D and firm performance is less straight forward than so far assumed. OLS regression analysis fails to capture the effect of R&D expenditure at different locations on the performance distribution. We reveal...