Are business obstacles different for R&D companies?

Heili Hein and Kadri Männasoo

No 33, TUT Economic Research Series from Department of Finance and Economics, Tallinn University of Technology

Abstract: Investment in research and development (R&D) is often long-term, making R&D companies extremely sensitive to their environment. Using data from the Business Environment and Enterprise Performance Survey rounds IV (2007-2009) and V (2012-2014), we examine the differences in how severe R&D and non-R&D manufacturing companies in Central and Eastern Europe perceive business obstacles to be. Overall, R&D companies were relatively more troubled by various institutional and regulatory obstacles in their business environment than were non-R&D companies, whose main business concern was the tax rate. Over both rounds of the survey, R&D companies perceived labour and trade regulations as more severe obstacles than non-R&D companies did. During the post-crisis period, R&D companies were also relatively more concerned about political instability, courts and corruption.

Date: 2017-08-31
New Economics Papers: this item is included in nep-ino, nep-sbm and nep-tra
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Citations: View citations in EconPapers (14)

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