Firm Size and Efficient Entrepreneurial Activity: A Reformulation of the Schumpeter Hypothesis.
- UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
- Albert N. Link, Professor (Creator)
- Institution
- The University of North Carolina at Greensboro (UNCG )
- Web Site: http://library.uncg.edu/
Abstract: This paper examines empirically the relationship between innovative
activity, as measured by the rate of return to research-anddevelopment
expenditures, and firm size using a sample of firms
from tbe chemicals and allied products industry (SIC 28). We find
that size is a prerequisite for successful innovative activity. Tbe
estimated rate of return to research and development for the smaller
firms is 30 percent, while for the larger size firms it is 78 percent.
Statistical tests for structural stability were used to divide the sample
into these two behavioral regimes.
Firm Size and Efficient Entrepreneurial Activity: A Reformulation of the Schumpeter Hypothesis.
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Created on 7/8/2013
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Additional Information
- Publication
- Language: English
- Date: 1980
- Keywords
- research and development, research expenditure, product research, chemical industry, firm size, business innovation, research innovation, research investment