Industrial Research and Development, Intangible Capital Stocks, and Firm Profit Rates

@inproceedings{Grabowksi1978IndustrialRA,
  title={Industrial Research and Development, Intangible Capital Stocks, and Firm Profit Rates},
  author={Henry G. Grabowksi and Dennis M{\"u}ller},
  year={1978}
}
This paper performs a cross sectional analysis of firm profitability to determine whether firm investments in research and development (R&D) are a source of above-average returns. Accounting profit rates are adjusted to take account of firm capital outlays on R&D and advertising (i.e., investments in intangible capital). Then, with the use of a structure-performance regression model, these adjusted profit rates are regressed on various determinant variables including a measure of the firm's… CONTINUE READING

Citations

Publications citing this paper.
SHOWING 1-10 OF 66 CITATIONS

FILTER CITATIONS BY YEAR

1988
2018

CITATION STATISTICS

  • 4 Highly Influenced Citations