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| Keiichi Shima |
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| ''The link between R&D investment and market structure: evidence from Japan'' |
| ( 2011, Vol. 31 No.2 ) |
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| This paper examines how market structure affects R&D investment at the firm level. Using a sample of 1338 Japanese firms, a sample selection model is employed to estimate R&D investment. The pooled sample results suggest that the likelihood of conducting R&D is negatively associated with market concentration. However, the relationship becomes insignificant when the model is estimated by industry group. Large market sales have a positive effect on the likelihood of conducting R&D for both pooled and industry group samples. |
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| Keywords: |
JEL: L1 - Market Structure, Firm Strategy, and Market Performance: General
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| Manuscript Received : Mar 23 2011 | | Manuscript Accepted : Jun 13 2011 |
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