Does R&D increase the profit contribution of intangible assets? An exploration of European and American automotive suppliers
نویسنده
چکیده
Economic theory implies that research and development (R&D) efforts increase firm productivity and ultimately profits. In particular, R&D expenses lead to the development of intangible assets in the form of intellectual property (IP) and these assets command a return that increases overall profits of the firm. This hypothesis is investigated for the North American and European automotive supplier industries.
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