Our study introduces a new determinant of the Research and Development investment not previously considered in Accounting literature: the interaction among companies. Our results show that firms tend to imitate each other in determining their level of R&D investment. Not only is our model descriptive of the status quo of the R&D investment behavior, but it also allows us to make predictions. The model shows how a variation of the interaction with other related firms, and the exogenous conditions of their economic environment can affect the firms’ investment choices. A higher or lower level of R&D investment propensity depends on the combination of the magnitude and sign of these two variables.
Thus Do They All: A Model for R&D Investment / Ferrari, Mascia; Matt, Elsey; Micaela, Fedele. - (2016). (Intervento presentato al convegno Annual meeting American Accounting association 2016 tenutosi a New York nel August 7-10, 2016).
Thus Do They All: A Model for R&D Investment.
FERRARI, Mascia;
2016
Abstract
Our study introduces a new determinant of the Research and Development investment not previously considered in Accounting literature: the interaction among companies. Our results show that firms tend to imitate each other in determining their level of R&D investment. Not only is our model descriptive of the status quo of the R&D investment behavior, but it also allows us to make predictions. The model shows how a variation of the interaction with other related firms, and the exogenous conditions of their economic environment can affect the firms’ investment choices. A higher or lower level of R&D investment propensity depends on the combination of the magnitude and sign of these two variables.Pubblicazioni consigliate
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