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
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S004873331730118X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

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

Access Statistics for this article

Research Policy is currently edited by M. Bell, B. Martin, W.E. Steinmueller, A. Arora, M. Callon, M. Kenney, S. Kuhlmann, Keun Lee and F. Murray

More articles in Research Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().