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How do entrepreneurs' characteristics affect R&D expenditure? Evidence from small and micro Chinese firms.
- Source :
- Applied Economics; Nov2022, Vol. 54 Issue 53, p6098-6107, 10p, 2 Charts
- Publication Year :
- 2022
-
Abstract
- Drawing on data from more than 3000 small and microChinese firms, this paper studies the determinants of R&D spending, focusing on the entrepreneurs' attributes. The characteristics of an entrepreneur can be crucially relevant in determining investment by small and micro firms in a risky undertaking like R&D. Results show that male owners and college graduates are more likely to invest in R&D, while older owners are less likely to do so. Previous work and entrepreneurial experience contributed to the propensity to invest in R&D but work experience in the government do not matter. Regarding ownership attributes, individual owners are less likely to invest in R&D, whereas the effect of private ownership is statistically insignificant. Other than that, we find that higher firm sales spur R&D spending, with the influences of leverage and return on assets being statistically insignificant. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00036846
- Volume :
- 54
- Issue :
- 53
- Database :
- Complementary Index
- Journal :
- Applied Economics
- Publication Type :
- Academic Journal
- Accession number :
- 159686869
- Full Text :
- https://doi.org/10.1080/00036846.2022.2056572