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| Author: | Morbey, G. Dugal, S. |
| Title: | Corporate R&D spending during a recession |
| Journal: | Research Technology Management
1992 : JUL-AUG, VOL. 35:4, p. 42-46 |
| Index terms: | R&D SPENDING PATTERNS RECESSION COMPANY PERFORMANCE |
| Language: | eng |
| Abstract: | Successful R&D, which provides new products and processes, should improve company performance during a recession. This study shows that most companies, which invest heavily in R&D, do perform well in a recession. Furthermore, company performance during a single recessionary year can dominate its overall performance over a decade. This study also investigated company R&D funding in a recession. Company decisions on R&D funding do not seem to be greatly influenced by company profitability, but the analysis does suggest that highly diversified companies may withdraw R&D support from some of their product line in a recession. |
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