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Efficiency, R&D and ownership - some empirical evidence

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Efficiency, R&D and ownership - some empirical evidence. / Dilling-Hansen, Mogens; Madsen, Erik Strøjer; Smith, Valdemar.

In: International Journal of Production Economics, Vol. 83, No. 1, 2003, p. 85-94.

Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaper › Journal article › Research › peer-review

Harvard

Dilling-Hansen, M, Madsen, ES & Smith, V 2003, 'Efficiency, R&D and ownership - some empirical evidence', International Journal of Production Economics, vol. 83, no. 1, pp. 85-94. <http://www.sciencedirect.com/science?_ob=MImg&_imagekey=B6VF8-47DXV76-8-1&_cdi=6004&_orig=browse&_coverDate=01%2F25%2F2003&_sk=999169998&view=c&wchp=dGLbVzb-zSkWz&_acct=C000033698&_version=1&_userid=634412&md5=eeb3dd6a604f28591cce3d964704b967&ie=f.pdf>

APA

Dilling-Hansen, M., Madsen, E. S., & Smith, V. (2003). Efficiency, R&D and ownership - some empirical evidence. International Journal of Production Economics, 83(1), 85-94. http://www.sciencedirect.com/science?_ob=MImg&_imagekey=B6VF8-47DXV76-8-1&_cdi=6004&_orig=browse&_coverDate=01%2F25%2F2003&_sk=999169998&view=c&wchp=dGLbVzb-zSkWz&_acct=C000033698&_version=1&_userid=634412&md5=eeb3dd6a604f28591cce3d964704b967&ie=f.pdf

CBE

Dilling-Hansen M, Madsen ES, Smith V. 2003. Efficiency, R&D and ownership - some empirical evidence. International Journal of Production Economics. 83(1):85-94.

MLA

Dilling-Hansen, Mogens, Erik Strøjer Madsen, and Valdemar Smith. "Efficiency, R&D and ownership - some empirical evidence". International Journal of Production Economics. 2003, 83(1). 85-94.

Vancouver

Dilling-Hansen M, Madsen ES, Smith V. Efficiency, R&D and ownership - some empirical evidence. International Journal of Production Economics. 2003;83(1):85-94.

Author

Dilling-Hansen, Mogens ; Madsen, Erik Strøjer ; Smith, Valdemar. / Efficiency, R&D and ownership - some empirical evidence. In: International Journal of Production Economics. 2003 ; Vol. 83, No. 1. pp. 85-94.

Bibtex

@article{8377074024fe11da834f000ea68e967b,
title = "Efficiency, R&D and ownership - some empirical evidence",
abstract = "Investments in R&D create an immaterial capital asset, which is expected to have a positive influence on firms' efficiency and consequently on their profit. Nonetheless, the short-term effects of current investments in R&D are difficult to prove. Therefore, this paper focuses on analyses based on the technical efficiency methodology using a stochastic frontier approach in order to investigate the influence of R&D activities on the technical efficiency of the firms. Using a sample of 2370 Danish firms, the analysis suggests that R&D-active firms are significantly more efficient than other firms. The legal form of ownership also affects the efficiency significantly, whereas firms owned by large shareholders - who are expected to exert a disciplinary influence on the managers of the firm - do not seem to be more efficient than other firms. Udgivelsesdato: JAN 25",
keywords = "Efficiency, R&D, Block owners, Productivity, Efficiency, R&D, Block owners, Productivity",
author = "Mogens Dilling-Hansen and Madsen, {Erik Str{\o}jer} and Valdemar Smith",
year = "2003",
language = "English",
volume = "83",
pages = "85--94",
journal = "International Journal of Production Economics",
issn = "0925-5273",
publisher = "Elsevier BV",
number = "1",

}

RIS

TY - JOUR

T1 - Efficiency, R&D and ownership - some empirical evidence

AU - Dilling-Hansen, Mogens

AU - Madsen, Erik Strøjer

AU - Smith, Valdemar

PY - 2003

Y1 - 2003

N2 - Investments in R&D create an immaterial capital asset, which is expected to have a positive influence on firms' efficiency and consequently on their profit. Nonetheless, the short-term effects of current investments in R&D are difficult to prove. Therefore, this paper focuses on analyses based on the technical efficiency methodology using a stochastic frontier approach in order to investigate the influence of R&D activities on the technical efficiency of the firms. Using a sample of 2370 Danish firms, the analysis suggests that R&D-active firms are significantly more efficient than other firms. The legal form of ownership also affects the efficiency significantly, whereas firms owned by large shareholders - who are expected to exert a disciplinary influence on the managers of the firm - do not seem to be more efficient than other firms. Udgivelsesdato: JAN 25

AB - Investments in R&D create an immaterial capital asset, which is expected to have a positive influence on firms' efficiency and consequently on their profit. Nonetheless, the short-term effects of current investments in R&D are difficult to prove. Therefore, this paper focuses on analyses based on the technical efficiency methodology using a stochastic frontier approach in order to investigate the influence of R&D activities on the technical efficiency of the firms. Using a sample of 2370 Danish firms, the analysis suggests that R&D-active firms are significantly more efficient than other firms. The legal form of ownership also affects the efficiency significantly, whereas firms owned by large shareholders - who are expected to exert a disciplinary influence on the managers of the firm - do not seem to be more efficient than other firms. Udgivelsesdato: JAN 25

KW - Efficiency

KW - R&D

KW - Block owners

KW - Productivity

KW - Efficiency

KW - R&D

KW - Block owners

KW - Productivity

M3 - Journal article

VL - 83

SP - 85

EP - 94

JO - International Journal of Production Economics

JF - International Journal of Production Economics

SN - 0925-5273

IS - 1

ER -