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- W1674424760 abstract "Based on a sample of UK manufacturing small‐ and medium‐sized firms in the engineering and electronics industry, the study identifies firm‐ and industry‐specific factors that stimulate R&D outsourcing and assesses the impact of R&D investment and outsourcing on firms' profitability. The findings indicate that (1) R&D investment fosters profitability, (2) firms with a lower turnover spend less on R&D, (3) current R&D does not explain innovation measured by revenues from new products and patents, (4) smaller firms with lower R&D investment levels tend to outsource R&D and (5) outsourcing is not inferior in terms of product innovation. Hence, outsourcing can enhance profitability – albeit the benefit of outsourcing decreases with firm size. Managers of small firms should consider outsourcing R&D, as this can reduce R&D expenditure and lead to the more effective use of resources as well as achieving a similar degree of product innovation with resultant increases in profitability." @default.
- W1674424760 created "2016-06-24" @default.
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- W1674424760 date "2010-12-22" @default.
- W1674424760 modified "2023-10-06" @default.
- W1674424760 title "Technology outsourcing in manufacturing small- and medium-sized firms: another competitive resource?" @default.
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- W1674424760 doi "https://doi.org/10.1111/j.1467-9310.2010.00626.x" @default.
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