This paper investigates the causal effect of funding research and development (R&D) cooperation with public universities on the performance of firms. We use comprehensive firm-level panel data from Switzerland that spans from 2010 to 2022 and covers a broad set of variables including the...

This paper investigates the causal effect of funding research and development (R&D) cooperation with public universities on the performance of firms. We use comprehensive firm-level panel data from Switzerland that spans from 2010 to 2022 and covers a broad set of variables including the...

This paper investigates the causal relationship between firms' research and development expenditures (R&D) and their investments into fixed capital. The literature provides two contrasting views in this respect. The first view holds that a firm's research activity causes, via the creation of...