Woerter, Martin - KOF Swiss Economic Institute, Department of Management, … - 2011
This paper investigates the R&D persistence of R&D active firms in different markets with different intensities of … competition, based on firm-level panel data for the period 1996-2008. In a dynamic setting of the empirical model it turns out … that persistence is strongly related to market competition (measured by the number of principal competitors). Persistence …