Top managers' education and R&D investment
Article Abstract:
The relationship between the level of expenditures in industrial research and the educational background of executives was determined. The R&D investments of 221 technology-oriented companies during 1971-1987 was correlated with the educational background of at least one of the top two leaders in the companies under study. The trend showed increased R&D spending for companies with at least one science or engineering-educated executive. However, companies having these type of executives showed a decline after it peaked at 71.5% in 1980 implying a decreased expenditures in industrial research.
Publication Name: Research Policy
Subject: Social sciences
ISSN: 0048-7333
Year: 1992
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Do subsidies to cooperative R&D actually stimulate R&D investment and cooperation?
Article Abstract:
A study of subsidy programs for research activities undertaken by such countries as the US and EC was carried out to find out their effect on the degree of cooperation and actual research activity of firms. Results show that those programs which called for a sharing of results among firms participating in the research effort turned out to be disincentives to actual research work while those that only called for increased cooperation without necessitating result sharing failed to elicit substantially increased cooperation.
Publication Name: Research Policy
Subject: Social sciences
ISSN: 0048-7333
Year: 1995
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Effectiveness of R&D subsidies - a sceptical note on the empirical literature
Article Abstract:
Econometric studies indicate results similar to those obtained using interview studies about the effect of R&D subsidies on companies' technology efforts. Previous interview studies have shown that subsidies have been ineffective in creating a significant impact on R&D. When the problem of endogeneity of subsidies is avoided, econometric studies provide similar results. Thus, government subsidies do not guarantee increased investments on industrial research.
Publication Name: Research Policy
Subject: Social sciences
ISSN: 0048-7333
Year: 1996
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