This paper aims to assess the effect of competition on firm-level innovation. The sample comprises the world's top corporate R&D spenders over the period 2007 to 2016. We use an industry-year indicator, the inverse of the Lerner Index, to measure the competition level. R&D expenditures are used...

This study investigates how corporate R&D evolves in the light of the contemporary economic crisis. We study empirical evidence from past downturns, discuss the relevant literature, and perform an empirical analysis of recent business survey data (collected during 2009). Pivotal for our...