Foray, Dominique; Hall, Bronwyn H.; Mairesse, Jacques - Chaire en Économie et Management de l'Innovation … - 2007
Does R&D have an impact on firm growth, profits, and value? To most observers, the obvious answer is yes. However, the recent report by Booz-Allen-Hamilton (BAH 2006) seems to conclude that the share of spending devoted to research has no relationship to the economic performance of an...