Exploring the effect of diversification strategy on R&D intensity using quantile regression: evidence from France

R. Dang, L. Houanti and A. Bonnand

Applied Economics Letters, 2016, vol. 23, issue 18, 1317-1320

Abstract: This study examines the relationship between firm diversification strategy and R&D intensity for a sample of large French companies between 2008 and 2012. Applying quantile regression, we provide evidence that the choice of diversification affects R&D intensity in a differentiated way. The results indicate that a low level of diversification (below the twentieth quantile) has no significant impact on R&D intensity. Conversely, a moderate or high level of diversification has a negative and significant impact on R&D intensity. These findings suggest that R&D intensity seems to be significantly higher in related-business firms than in unrelated-business firms.

Date: 2016
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DOI: 10.1080/13504851.2016.1153784

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