National culture and R&D investments
Volume: 26, Issue: 6, Pages: 500 - 531
Published: Dec 17, 2019
Abstract
By using time-collapsed data for 12,362 firms from 40 countries, I document that national culture is significantly associated with R&D investments, controlling for other determinants including a country’s financial development. In a more individualistic, less masculine, and more indulgent culture, firms tend to make more R&D investments. These findings are robust to alternative proxy variables for financial development and remain unchanged...
Paper Details
Title
National culture and R&D investments
Published Date
Dec 17, 2019
Volume
26
Issue
6
Pages
500 - 531
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