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The persistency and volatility of the firm R&D investment: Revisited from the perspective of technological capability

Taewon Kang, Chulwoo Baek () and Jeong-Dong Lee ()

Research Policy, 2017, vol. 46, issue 9, 1570-1579

Abstract: The persistency and volatility of firm R&D investment has been a popular research subject for the R&D management field; however, previous research has found mixed evidence concerning the persistency and volatility of firm R&D investment. This paper empirically reveals the reason for the conflicting arguments among researchers by considering each firm’s technological capability. The influence of technological capability on R&D investment differs depending on positive and negative shocks, and this influence can be the key to understanding heterogeneous R&D behavior across firms.

Keywords: R&D investment; R&D persistency; R&D volatility; Technological capability (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:46:y:2017:i:9:p:1570-1579

DOI: 10.1016/j.respol.2017.07.006

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