The Decision Between Internal and External R&D.

The purpose of this paper is to identify those factors shaping the decision to engage in external R&D. We use the lens of institutional economics to link the decision to engage in external R&D to both firm - and industry - specific characteristics. In particular, we find that internal and external R&D tend to be complements in high-technology industries but substitutes in low-technology industries.

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Year of publication:	1996
Authors:	Audretsch, D-B ; Menkveld, A-J ; Thurik, A-R
Institutions:	NEUHUYS - RESEARCH INSTITUTE FOR SMALL AND MEDIUM
Subject:	RESEARCH AND DEVELOPMENT \| DECISION MAKING

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Series:	NEUHUYS - RESEARCH INSTITUTE FOR SMALL AND MEDIUM.
Type of publication:	Book / Working Paper
Notes:	19 pages
Classification:	O32 - Management of Technological Innovation and R&D ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005656731