Effects of Buyer and Supplier Relationships and Capital Relationships on R&D Activities (Japanese)

Akira Yamaguchi, Kenta Ikeuchi, Kyoji Fukao, Hyeog Ug Kwon and YoungGak Kim

Discussion Papers (Japanese) from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: In Japan small-and-medium-sized-firms invest less in R&D activities than large firms, which is contrary to the situation observed in the United States. We constructed a new dataset on buyer and supplier relationships and capital relationships including small firms whose number of employees is less than 50 and empirically tested the hypothesis that investments in R&D of buyers and suppliers or capital affiliates have substitution effects on R&D activities of small firms. We found the evidence that is consistent with our hypothesis and results indicating that on the contrary, investments in R&D of buyers, suppliers and capital affiliates complement investments in R&D of large firms.

Pages: 24 pages
Date: 2019-05
New Economics Papers: this item is included in nep-com, nep-cse, nep-ino and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:eti:rdpsjp:19032

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