EAN: 9783954894505

DOES RESEARCH PAY? AN ANALYSIS OF R&D EXPENDITU...

In order to develop or protect competitive advantages  companies  besides other initiatives 
increasingly invest more and more in research and development (R&D) to foster innovation and
dynamic capabilities. Consequently  discussions about the effectiveness and benefit of R&D
expenditure have become popular in the recent years. In the first part of this book the
theoretical basis for innovation management  calculation of benefit  and evaluation methods of
R&D initiatives in companies are given. The second part presents a quantitative analysis of the
efficacy of R&D expenditure and economic performance of SME based on a data set produced from
the Statistisches Bundesamt Germany and by using MS Excel the programming language R. Finally 
this research provides a summary  an outlook  and a recommendation for further research.

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