Is corporate R&D simply a matter of money? The combined effect of a firm’s economic characteristics and its perception of science

M. Isabel González-Bravo, Irene López-Navarro and Jesús Rey-Rocha

Industry and Innovation, 2021, vol. 28, issue 8, 955-989

Abstract: This research considers the hypothesis that firms’ propensity to engage in R&D is linked both to their economic and structural characteristics and to variables related to their perception of science, their appraisal of the benefits and risks of investing in R&D, and their attitude towards the role science plays within the firm. Research is based on the results of the survey ‘Scientific culture, perception and attitudes towards science and innovation in the business sector’, administered to a representative sample of Spanish companies. The results obtained through logistic regression evidence that together with firms’ economic and financial characteristics, which have traditionally been considered crucial factors for engaging in R&D, firms’ perception of science is also a major factor when analysing the way in which they address these processes. There are, indeed, subjective and cultural factors, besides those issues of an economic nature, which may motivate or mitigate firms’ R&D engagement.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:taf:indinn:v:28:y:2021:i:8:p:955-989

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DOI: 10.1080/13662716.2020.1792273

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