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Driving Forces for Research and Development Strategies: An Empirical Analysis Based on Firm-level Panel Data

Martin Woerter ()

No 07-184, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

Abstract: This paper investigates empirically different ways to organize R&D within Swiss firms. Based on a longitudinal data set comprising three cross-sections (1999, 2002, and 2005) of the Swiss innovation survey, four different types of R&D strategies were identified: firms combine in-house R&D with R&D co-operations (coop), or in-house R&D with external R&D (buy), or they conduct in-house R&D, external R&D and R&D co-operations (mixed), or they exclusively rely on in-house R&D (make). It is the aim of this paper to understand what drives firms to apply different strategies. Based on econometric estimations controlling for correlations between the dependent variables and endogeneity among the independent variables it was found that concepts related to the absorptive capacity, incoming spillovers and appropriability, the importance of different knowledge resources, the competitive environment, costs and skill aspects as well as technological uncertainty are essential factors that determine a firm's decision to choose a specific way to organize R&D.

Keywords: Research and Development; R&D Co-operations; Empirical Analysis(Firm Panel); R&D Strategies (search for similar items in EconPapers)
Pages: 31 pages
Date: 2007-12
New Economics Papers: this item is included in nep-cse, nep-ino, nep-ipr, nep-pr~, nep-knm, nep-mic and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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http://dx.doi.org/10.3929/ethz-a-005510829 (application/pdf)

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Journal Article: Driving forces for research and development strategies: an empirical analysis based on firm-level panel data (2011) Downloads
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