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dc.contributor.authorROGERS, MARKen_US
dc.date.accessioned2014-05-22T09:50:04Z
dc.date.available2014-05-22T09:50:04Z
dc.date.issued2002-07en_US
dc.date.submitted2002-11-10en_US
dc.identifier.citationRogers, Mark (2002) Firm performance and investment in R&D and intellectual property.en_US
dc.identifier.isbn0734015399en_US
dc.identifier.issn13284991en_US
dc.identifier.urihttp://hdl.handle.net/11343/33681
dc.descriptionISBN 0734015399, MIWP No. 15/02. ISSN 13284991.en_US
dc.description.abstractThis paper analyses the relationship between innovation - proxied by Research and Development (R&D), patent and trade mark activity - and profitability in a panel of Australian firms (1995 to 1998). Special attention is given to assessing the nature of competitive conditions faced by different firms, as the nature of competition is likely to affect the returns to innovation. The hypothesis is that lower levels of competition will imply higher returns to innovation. To allow for a time lag time before any return to innovation, the market value of the firms is used as a proxy for expected future profits. The results give some support for the main hypothesis: the market's valuation of R&D activity is higher in industries where competition is lower. However, the paper highlights the difficulty in assessing competitive conditions and finds a number of results that challenge the simple hypothesis.en_US
dc.formatapplication/pdfen_US
dc.languageengen_US
dc.relation.isversionofhttp://www.ecom.unimelb.edu.au/iaesrwww/wp/wp2002n15.pdfen_US
dc.subjectinnovationen_US
dc.subjectprofitabilityen_US
dc.subjectresearch and developmenten_US
dc.subjectAustralian firmsen_US
dc.subjectcompetitionen_US
dc.titleFirm performance and investment in R&D and intellectual propertyen_US
dc.typePreprinten_US
melbourne.peerreviewNon Peer Revieweden_US
melbourne.affiliation.departmentEconomics and Commerce: Melbourne Institute of Applied Economic and Social Researchen_US
melbourne.source.month07en_US
melbourne.elementsidNA
melbourne.contributor.authorROGERS, MARK
melbourne.accessrightsOpen Access


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