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  • About
  • The Global ETD Search service is a free service for researchers to find electronic theses and dissertations. This service is provided by the Networked Digital Library of Theses and Dissertations.
    Our metadata is collected from universities around the world. If you manage a university/consortium/country archive and want to be added, details can be found on the NDLTD website.
1

The largest spender wins? An empirical study of how R&D expenditure drives firm growth in listed Swedish companies.

Öhman, Peter, Evren, Aylin January 2021 (has links)
The main purpose of this study is to enhance the analysis of the impact of R&D expenditure on firms’ growth. This study adopts an OLS regression for a data sample of 46 firms listed on Nasdaq Stockholm for the 2006-2019 period. We present models with R&D expenditure and R&D intensity as the main mechanisms of firm growth, defined as sales growth in this study. Furthermore, firm size, firm age and sector belonging determining the R&D and sales growth relationship are also investigated. We find that R&D intensity has a statistically significant negative impact on firm growth, while R&D expenditure does not show a statistically significant relationship to firm growth. Thus, the results of this paper suggest that devoting a higher proportion of your sales to R&D activities does not translate into firm growth.

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