R&D Expenditure and the Role of Scientists

Anna Białek-Jaworska and Dobroszek Justyna ()
Additional contact information
Dobroszek Justyna: University of Lodz, Lodz, Poland

Financial Sciences. Nauki o Finansach, 2019, vol. 24, issue 2, 1-16

Abstract: An effective knowledge-based economy requires regular cooperation between science and business. This is possible thanks to enterprises that create and implement innovations The paper focuses on the recognition of R&D expenditure. This aims to verify if firms with a scientist on their board are more likely to invest in the R&D. We conduct a tobit panel analysis of over 18,000 Polish private firms combined with data on patents and scientists employed at universities. The findings show that firms with scientists on the supervisory board are likely to invest more in R&D. However, these investment in R&D of firms with a scientist on the board are financial constraint. Their growth depends on access to finance. Therefore, institutions in Poland should support and promote cooperation between science and business, aiming for the realization of the implementation research. This approach requires updated regulations in the accounting area relating to the recognition of R&D inputs and outcomes.

Keywords: R&D; dynamic entrepreneurship; academic entrepreneurship; innovation; scientist; family business (search for similar items in EconPapers)
JEL-codes: M41 O16 O32 O34 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.15611/fins.2019.2.01 (text/html)

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:vrs:finsci:v:24:y:2019:i:2:p:1-16:n:1

DOI: 10.15611/fins.2019.2.01

Access Statistics for this article

Financial Sciences. Nauki o Finansach is currently edited by Jacek Uchman

More articles in Financial Sciences. Nauki o Finansach from Sciendo
Bibliographic data for series maintained by Peter Golla ().