Innovation and Firm Growth: Is R&D Worth It?
Volume: 19, Issue: 1, Pages: 45 - 62
Published: Jan 1, 2012
Abstract
The paper contributes to an emerging literature that critically questions the degree to which R&D, at the centre of national and transnational innovation policies, results in firm growth. The differences in how innovation affects firm growth is explored for small and large publicly quoted US pharmaceutical firms between 1950 and 2008. We observe that the positive impact of R&D on firm growth is highly conditional upon a combination of...
Paper Details
Title
Innovation and Firm Growth: Is R&D Worth It?
Published Date
Jan 1, 2012
Volume
19
Issue
1
Pages
45 - 62
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