EFFECTS OF FIRM-SPECIFIC FACTORS ON R&D EXPENDITURES OF AGRIBUSINESS COMPANIES
Maud Roucan-Kane (),
David Ubilava () and
Pei Xu ()
Additional contact information
Pei Xu: Department of Agricultural Economics, College of Agriculture, Purdue University
No 07-04, Working Papers from Purdue University, College of Agriculture, Department of Agricultural Economics
The objective of this paper is to determine how the firm's infrastructure, the financial characteristics of a company (net income, sales), and the organizational structure (number of acquisitions, age of establishment of the firm) affect R&D investments in the agricultural sector. We use data for companies under the SIC codes for agricultural chemicals, and crop planning and protection. The results based on analysis of 69 observations of 12 firms revealed that firm's financial and organizational infrastructure does affect its R&D expenditures. Older and larger firms tend to spend more on R&D. During the last 17 years the R&D expenditures with respect to the sales of the company have been reduced. Finally, contrary to the expectations, previous year's profit margins are negatively correlated with the R&D over the sales ratio of the following year.
Keywords: Manufactured Housing; R&D, agriculture, chemicals, crop planning, crop protection, agribusiness, expenditures (search for similar items in EconPapers)
JEL-codes: A10 O32 Q16 (search for similar items in EconPapers)
Pages: 16 pages
New Economics Papers: this item is included in nep-agr, nep-ipr, nep-pr~, nep-mic and nep-tid
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (http://ageconsearch.umn.edu/bitstream/7332/2/wp070004.pdf [302 Found]--> https://tind-customer-agecon.s3.amazonaws.com/56d1b464-362f-40c7-b7f3-a1f5d8319110?response-content-disposition=attachment%3B%20filename%2A%3DUTF-8%27%27wp070004.pdf&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Expires=86400&X-Amz-Credential=AKIAXL7W7Q3XHXDVDQYS%2F20200811%2Feu-west-1%2Fs3%2Faws4_request&X-Amz-SignedHeaders=host&X-Amz-Date=20200811T084326Z&X-Amz-Signature=12f20474ea28c5a5ba45a25e03fd395c8ca6817fdfd81b4d4e4a8d9f2b45c3e2)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pae:wpaper:07-04
Access Statistics for this paper
More papers in Working Papers from Purdue University, College of Agriculture, Department of Agricultural Economics Contact information at EDIRC.
Bibliographic data for series maintained by Debby Weber ().