An Analysis of Dynamism between Market Sensitivity to Technology and Optimal R&D Intensity

Yuji Tou
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Yuji Tou: Department of Ind. Engineering & Management, Tokyo Institute of Technology, Tokyo, Japan

Chapter 5 in Management of Technology Innovation and Value Creation:Selected Papers from the 16th International Conference on Management of Technology, 2008, pp 73-87 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe high-competitiveness firms improve their marginal productivity to technology by appropriate R&D activities for growth, and have raised their market value. On the other hand, in bigger firms, the contribution of the technology knowledge stock to growth decreases by their inappropriate restructuring of R&D activities. Based on the empirical analysis on Japan's electric machinery firms, this chapter attempts to demonstrate the dynamism between firms' R&D, technological development and market reaction. The results of those analyses indicate that the dynamism between improvement of quality of technology through efficient R&D investment and market evaluation can be forming a virtuous circle depending not on quantity but on the corporate institution that promotes structural reform.

Keywords: International Trade/Business; Econometrics; Accounting Regulations; R&D Management; Environmental Engineering; Technology Transfer; Technology Strategy (search for similar items in EconPapers)
Date: 2008
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