Financial factors and ownership structure are both part of the determinants of corporate R&D investment. Considering listed firms in the R&D intensive industries during the 2000s, this paper examines whether financial factors and ownership structure explain R&D investment in Japan. Following the...

This paper presents the results of a comprehensive analysis of the innovative activities of the entire population of Japanese firms by using a linked dataset of Establishment and Enterprise Census and the IIP Patent Database (JPO patent application data). As of 2006, it was found that about 1.4%...

Although numerous studies have evaluated the effect of tax credits on R&D, many have neglected the problem of selection bias. Furthermore, empirical studies have found that Japan's total factor productivity (TFP) growth has slowed since the 1990s, and Kim et al. (2010) have attributed this...

How much do tax credits affect firms R&D activities? What are the mechanisms? Few empirical studies directly examine the effect of tax credit policies on firms R&D investments and the importance of financial constraints on the policy effects on R&D. This paper examines the effect of the Japanese...

This paper investigates the effect of exogenous entry barriers on productivity growth, using an R&D-based endogenous growth model. When firms are heterogeneous in their innovation efficiency levels, we found that a reduction in entry costs lowers the relative importance of a selection mechanism...