Technology management, R&D investment, and small and medium-sized enterprise growth

Soogeun Ahn, Jeewhan Yoon, Youngjun Kim

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Using an augmented version of Gibrat's law, we theorized and examined the persistence of firm growth when firms increase their research and development (R&D) investment. Using 17 years of data from 1361 firms (616 small and medium-sized enterprises [SMEs] and 745 large firms), this study analyzed the effect of the dynamic interaction between past growth rate and R&D investment on the current growth rate of firms. Based on a quantile regression analysis, study findings suggested that SMEs showed declining growth after high growth. However, we also found that high-growth SMEs that increased their R&D investment could achieve persistence of growth in the following year. Implications are discussed for research, practice, and policy.

Original languageEnglish
Title of host publication2017 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2017
PublisherIEEE Computer Society
Pages1113-1117
Number of pages5
ISBN (Electronic)9781538609484
DOIs
Publication statusPublished - 2017 Jul 2
Event2017 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2017 - Singapore, Singapore
Duration: 2017 Dec 102017 Dec 13

Publication series

NameIEEE International Conference on Industrial Engineering and Engineering Management
Volume2017-December
ISSN (Print)2157-3611
ISSN (Electronic)2157-362X

Other

Other2017 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2017
Country/TerritorySingapore
CitySingapore
Period17/12/1017/12/13

Bibliographical note

Publisher Copyright:
© 2017 IEEE.

Keywords

  • R&D investment
  • firm growth
  • small and medium-sized enterprises

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Industrial and Manufacturing Engineering
  • Safety, Risk, Reliability and Quality

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