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- W2079454017 abstract "Applying quantile regression to 760 Finnish firms, we show that the relationship between R&D and firm performance is less straight forward than so far assumed. OLS regression analysis fails to capture the effect of R&D expenditure at different locations on the performance distribution. We reveal that R&D matters, especially on the medium quantiles, while regressing against the upper quantiles of the economic gains from innovation distribution exhibit decreasing returns scale in R&D. Our results confirm that Gaussian statistics fail to capture the most interesting part of the distribution – namely the extreme observations located in the tails." @default.
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- W2079454017 date "2010-01-01" @default.
- W2079454017 modified "2023-10-06" @default.
- W2079454017 title "Into thin air: using a quantile regression approach to explore the relationship between R&D and innovation" @default.
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- W2079454017 doi "https://doi.org/10.1080/02692170903424448" @default.
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