Who has an R&amp;D investment opportunity? Who goes ahead? How much do they invest?

Marc Cowling; Weixi Liu; Tim Vorley

doi:10.1111/radm.12700

journal article Open Access Jun 24, 2024

Who has an R&D investment opportunity? Who goes ahead? How much do they invest?

Marc Cowling Weixi Liu Tim Vorley

R&D Management Vol. 55 No. 2 pp. 326-340 · Wiley

View at Publisher Save 10.1111/radm.12700

Abstract

We know a lot about how much firms invest in R&D, but less about the critical first step which is a potential R&D opportunity. We use a large UK survey and detailed case study evidence to establish the chain of events from opportunity to the investment choice. Our results show that 34% of firms had identified an R&D investment opportunity. Realised R&D investment projects were typically between £100,000 and £1/2 m over a 5‐year window. The dominant factors were firm size, industry, equity investment, knowledge and absorptive capacity. The process of R&D management also had an outward, market facing aspect, and an inward, engineering and financial aspect that were often conducted in parallel.

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References

Details

Published: Jun 24, 2024
Vol/Issue: 55(2)
Pages: 326-340
License: View

Authors

M

Marc Cowling

Oxford Brookes University Oxford UK

W

Weixi Liu

University of Bath Bath UK

T

Tim Vorley

Oxford Brookes University Oxford UK

Funding

Economic and Social Research Council Award: ES/W010259/1

Department for Business, Energy and Industrial Strategy, UK Government

Cite This Article

Marc Cowling, Weixi Liu, Tim Vorley (2024). Who has an R&D investment opportunity? Who goes ahead? How much do they invest?. R&D Management, 55(2), 326-340. https://doi.org/10.1111/radm.12700

Who has an R&amp;D investment opportunity? Who goes ahead? How much do they invest?

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