R&D, Size and Firm Growth in Taiwan‘s Electronics Industry

Chih-Hai Yang () and Chia-Hui Huang

Small Business Economics, 2005, vol. 25, issue 5, 477-487

Abstract: This paper documents the relationship between R&D, firm size, and growth rate for a panel data of Taiwanese electronics firms. Using GMM method to control for endogeneity of R&D, the main finding is that an increase in R&D induces a higher growth rate and this impact is particularly higher for small firms. Testing Gibrat’s law shows that small firms indeed have a higher growth rate than their larger counterparts, while size is independent with firm growth in the group of large-sized firms, supporting the weak form of Gibrat’s law. Copyright Springer 2005

Keywords: growth; R&D; size; J23; L11; L60 (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (25)

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DOI: 10.1007/s11187-004-6487-7

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