Uncertainty, flexible labour relations and R&D expenditure

Marco Di Cintio and Emanuele Grassi

This paper examines the effects of uncertainty and flexible labour contracts on the Research and Development (R&D) expenditure. Using a panel of Italian manufacturing firms, we find a hump-shaped relationship between workforce flexibility and R&D outlays. Moreover, as predicted by the real options theory, our results suggest that product market uncertainty reduces R&D efforts and that flexible labour contracts countervail the adverse effect of uncertainty on R&D.

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Year of publication:	[2013]
Authors:	Di Cintio, Marco ; Grassi, Emanuele
Publisher:	Brussels, Belgium : EERI, Economics and Econometrics Research Institute
Subject:	Real options theory \| R&D \| uncertainty \| temporary workers \| Realoptionsansatz \| Real options analysis \| Arbeitsbeziehungen \| Employment relations \| Risiko \| Risk \| Theorie \| Theory \| Entscheidung unter Unsicherheit \| Decision under uncertainty \| Befristete Beschäftigung \| Temporary employment \| Arbeitsmarktflexibilität \| Labour market flexibility

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Extent:	1 Online-Ressource (circa 26 Seiten) Illustrationen
Series:	EERI research paper series. - Brussels : EERI, ISSN 2031-4892, ZDB-ID 2861229-2. - Vol. no 2013/13
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/142663 [Handle]
Classification:	d22 ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; J41 - Contracts: Specific Human Capital, Matching Models, Efficiency Wage Models, and Internal Labor Markets ; O31 - Innovation and Invention: Processes and Incentives
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011527188