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首页> 外文期刊>Technology analysis & strategic management >What are good R&D investment strategies for leaders and followers?
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What are good R&D investment strategies for leaders and followers?

机译：领导者和追随者有哪些好的研发投资策略？

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摘要

Research and development (R&D) investment affects the growth of firms in the same industry differently according to their technological positions. This study empirically investigates differences in how R&D investment influences firm growth between technological leaders and followers. Additionally, this study investigates the moderating effects of complementary assets and market competition on the relationship between R&D investment and firm growth. Using a sample of 2322 observations from 492 firms in the U.S. chemical and allied products industry for the period 2000-2009, we show that an increase in R&D investment leads to greater firm growth for technological followers than for technological leaders. We also find that the moderating effects of complementary assets and market competition vary depending on whether a firm is a technological leader or follower.
机译：研发（R＆D）投资根据其技术地位对同一行业中企业的增长产生不同的影响。这项研究从经验上调查了技术领导者和追随者之间研发投资如何影响公司成长的差异。此外，本研究调查了补充资产和市场竞争对研发投资与企业成长之间关系的调节作用。我们使用了2000-2009年间来自492家美国化学和相关产品行业的2322个观察值的样本，我们发现，研发投入的增加导致技术追随者的增长比技术领导者的增长更大。我们还发现，补充资产和市场竞争的调节作用取决于企业是技术领导者还是追随者。

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