Does R&D investment increase SME survival during a recession?

Jung Hyejin; Hwang JungTae; Kim Byung-Keun

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Does R&D investment increase SME survival during a recession?

机译：在经济衰退期间，研发投资是否会增加中小企业的生存率？

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Using data from 588 Korean small and medium-sized enterprises (SMEs) for 2008-2014, this study investigates whether R&D investment can affect the probability of a firm's survival during a recession period. We find that the effect of R&D investment is not identical in all firms. R&D investment is shown to be a poor choice for general firms to survive; however, it is an effective strategy for firms that are innovative and capable of producing intellectual properties during recessionary periods. We also find firm size and industry growth can lower the probability of exit.

机译：本研究使用来自588个韩国中小企业（SME）的2008-2014年数据，研究了R＆D投资是否会影响企业在经济衰退时期生存的可能性。我们发现，R＆D投资的效果在所有公司中并不相同。研发投资被证明是一般公司生存的不佳选择。但是，对于在衰退期具有创新能力并能够生产知识产权的公司而言，这是一种有效的策略。我们还发现公司规模和行业增长可以降低退出的可能性。

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来源
《Technological forecasting and social change》 |2018年第12期|190-198|共9页
作者
Jung Hyejin; Hwang JungTae; Kim Byung-Keun;
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作者单位

Catholic Kwandong Univ, Dept Publ Adm, Kangnung, Gangwon Do, South Korea;

Hallym Univ, Dept Business Adm, Chunchon, Gangwon Do, South Korea;

Korea Univ Technol & Educ, Sch Ind Management, Cheonan, Chungcheongnam, South Korea;

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收录信息美国《科学引文索引》(SCI);美国《工程索引》(EI);
原文格式 PDF
正文语种 eng
中图分类
关键词
Economic recession; RD investment; Innovative firm; Survival;

机译：经济衰退;R＆D投资;创新企业;生存;

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Does R&D investment increase SME survival during a recession?

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