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This paper investigates how competition and firm size affect the relationship between market uncertainty and R&D investment. We use an intuitively appealing measure of firm-specific uncertainty along with panel data to show that firms invest less in current R&D as uncertainty about market...
Persistent link: https://www.econbiz.de/10003650940
This paper investigates how competition and firm size affect the relationship between market uncertainty and Ramp;D investment. We use an intuitively appealing measure of firm-specific uncertainty along with panel data to show that firms invest less in current Ramp;D as uncertainty about market...
Persistent link: https://www.econbiz.de/10012725202
of the hypotheses raised in this literature. It employs the data of the first wave of the Mannheim Innovation Panel …&D we also used the concept of total innovation expenditures to capture the importance of non R& D innovation activities … which are especially important for small firms. (3) We give reliable estimates on the occurrence of R&D and innovation …
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This chapter reviews the literature which has developed around the ‘bounds approach’ to market structure over the past fifteen years. The focus of this literature lies in explaining cross-industry differences in concentration, and in the size distribution of firms. One of the main ideas...
Persistent link: https://www.econbiz.de/10014024581
Recent studies have documented several trends in the U.S. market structure since the 1980s, such as the rise of large firms' markups and their profit margins. An important but not emphasized trend is the rise of the fixed operating costs of large firms. This trend is so salient that the...
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