Abstract

http://ssrn.com/abstract=982764
 
 

References (39)



 


 



Strategic Acceleration and Delay: Evidence on Optimal Timing of R&D Investment


Chang Hoon Oh


Simon Fraser University (SFU) - Beedie School of Business

April 24, 2007


Abstract:     
This paper examines the relationships between market structure and the optimal timing of R&D investment by using firm-level data of the U.S. manufacturing industry. In addition, this paper analyzes the effects of firm resources, such as firm size, liquidity constraint, and R&D expenditure on the optimal timing of investment. The empirical results show that when the market is more competitive, it is optimal to delay the property investment of uncertain projects and to accelerate introduction of product into the market. However, a firm's debt to equity ratio is not significantly related to the firm's investment timing decision.

Number of Pages in PDF File: 31

Keywords: strategic acceleration, strategic delay, R&D, competition

JEL Classification: O32

working papers series


Download This Paper

Date posted: April 26, 2007  

Suggested Citation

Oh, Chang Hoon, Strategic Acceleration and Delay: Evidence on Optimal Timing of R&D Investment (April 24, 2007). Available at SSRN: http://ssrn.com/abstract=982764 or http://dx.doi.org/10.2139/ssrn.982764

Contact Information

Chang Hoon Oh (Contact Author)
Simon Fraser University (SFU) - Beedie School of Business ( email )
8888 University Drive
Burnaby, British Colombia V5A 1S6
Canada
Feedback to SSRN


Paper statistics
Abstract Views: 485
Downloads: 82
Download Rank: 172,393
References:  39

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo8 in 0.390 seconds