Economics at your fingertips  

A bit of basic, a bit of applied? R&D strategies and firm performance

Alex Coad, Agustí Segarra-Blasco () and Mercedes Teruel ()
Additional contact information
Agustí Segarra-Blasco: Universitat Rovira I Virgili
Mercedes Teruel: Universitat Rovira I Virgili

The Journal of Technology Transfer, 2021, vol. 46, issue 6, No 3, 1758-1783

Abstract: Abstract Most studies analysing the relationship between R&D and firm growth focus on total R&D investment. This paper aims to analyse separately each component of R&D investment (basic research, applied research and technological development) and evaluate how these types of R&D investment are related to firm growth. Using a sample of 3972 Spanish manufacturing firms during 2004–2015, our empirical results are the following. First, firms have heterogeneous R&D strategies. The common wisdom that young firms invest in basic research, while old firms invest in applied research, is not supported in our data. Second, we investigate the characteristics and dynamics of firms with different R&D strategies. We observe complementarities between applied research and technological development due to their positive associations with firm growth. Finally, our results show that there is a tendency for firms to transition from basic research to applied research.

Keywords: Applied research; Basic research; Firm growth; R&D; Technological development; Complementarity; Linear model (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

Downloads: (external link) Abstract (text/html)
Access to full text is restricted to subscribers.

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:

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/10961/PS2

DOI: 10.1007/s10961-020-09826-1

Access Statistics for this article

The Journal of Technology Transfer is currently edited by Albert N. Link, Donald S. Siegel, Barry Bozeman and Simon Mosey

More articles in The Journal of Technology Transfer from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Page updated 2024-02-18
Handle: RePEc:kap:jtecht:v:46:y:2021:i:6:d:10.1007_s10961-020-09826-1