英文摘要 |
This paper examines the roles of technological regimes and R&D agglomeration in determining the R&D behaviors of large firms and small and medium-sized enterprises (SMEs). We consider the potential endogeneity of R&D concentration and industry R&D intensity by using firm density as an instrument. Based on the 2006 Census data on Taiwanese manufacturing, we find that R&D agglomeration fosters SMEs’ R&D activities, but it has no influence on large firms’ R&D decision. A technology regime fertile with technological opportunity is advantageous for both SMEs and large firms, whereas R&D concentration tends to be less relevant to R&D activity for both groups of firms. Moreover, an increasing but concave relationship between market concentration and R&D propensity is found for SMEs, but not for large firms. Regarding firm characteristics, internal finance, export ratio and advertising intensity play critical roles on financing R&D activity for all firms. |