文章基本信息

标题：Suppliers Dynamic Approach to Invest in R&D with Sunk Costs in Indian Contexts
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作者：Manoj KUMAR , Jyoti RAMAN, Priya RAMAN
期刊名称：Eurasian Journal of Business and Economics
印刷版ISSN：1694-5948
电子版ISSN：1694-5972
出版年度：2015
期号：5195
页码：61-93
出版社：International Ataturk Alatoo University
摘要：In this paper we test for the presence of sunk costs in suppliers’ R&D activities by analyzing the persistence of these activities using supplier level panel data. We develop and estimate a dynamic discrete choice model where each supplier’s current R&D expenditure is a function, among other factors, of its previous experience in performing R&D activities. The data used is a panel data of Indian suppliers, for the period 2003 - 2013. We find that prior R&D experience significantly affects the current decision to invest in R&D, and that, although important, the effect of prior R&D experience depreciates fairly quickly over time.