Differences in the rates of return to R&D for European and US young leading R&D firms
Michele Cincera () and
Reinhilde Veugelers ()
ULB Institutional Repository from ULB -- Universite Libre de Bruxelles
This paper examines the sources of Europe's lagging business R&D performance relative to the US, particularly the role played by missing young leading innovators in high technology intensive sectors in Europe. It investigates through econometric analysis differences in the rates of return to R&D of European and US large R&D firms. It finds that, while in the US, young firms succeed in realizing significantly higher rates of return to R&D as compared to their older counterparts, including in high-tech sectors, European firms fail to generate significant rates of return, even if they are Yollies and even if they are in high-tech sectors. These findings can at least partly explain why Europe has less R&D intensive young leading innovators in high technology intensive sectors. © 2014 Elsevier B.V.
Keywords: EU-US R&D gap; Rate of return to R&D; Young firms (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-ino, nep-sbm and nep-tid
Note: SCOPUS: ar.j
References: Add references at CitEc
Citations: View citations in EconPapers (14) Track citations by RSS feed
Published in: Research policy (2014) v.43 nÂ° 8,p.1413-1421
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Journal Article: Differences in the rates of return to R&D for European and US young leading R&D firms (2014)
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:ulb:ulbeco:2013/183956
Ordering information: This working paper can be ordered from
http://hdl.handle.ne ... lb.ac.be:2013/183956
Access Statistics for this paper
More papers in ULB Institutional Repository from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().