Policy-makers have become increasingly aware that corporate R&D and innovation are the main drivers of an economy's competitiveness and growth. The widespread adoption of R&D targets has led researchers and analysts to pursue a deeper understanding of corporate R&D investment trends, drivers and...

The purpose of this paper is to suggest that a fundamental shift in Europe, along with the other OECD countries, is taking place. This shift is from the managed economy to the entrepreneurial economy. While politicians and policy makers have made a plea for guidance in the era of...