Spielkamp, Alfred; Czarnitzki, Dirk; Rammer, Christian - 2008
and medium-sized firms (SMEs). While there is little doubt about the significance of technology competence for generating … successful innovations, inhouse R&D activities may be a particular challenge for SMEs due to high risk exposure, high fixed costs …, high minimum investment and severe financial constraints. SMEs may thus opt for refraining from R&D and relying more on …
