The impact of private research and development expenditures and tax incentives on sustainable corporate growth in selected OECD countries
ID Ravšelj, Dejan (Author), ID Aristovnik, Aleksander (Author)

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Investment in research and development (R&D) plays a vital role in sustainable economic growth in many countries around the world. In addition, also companies are aware of that R&D investment is becoming more and more important since it can generate future benefits, which may ultimately result in the sustainable corporate growth. The aim of this paper is to evaluate the impact of private R&D expenditures and R&D tax incentives on sustainable corporate growth. Using multiple regression analysis, a panel dataset of 1372 companies investing the largest amounts in R&D activity is analysed. The results of this paper reveal that private R&D expenditures as well as R&D tax incentives (in interaction with private R&D expenditures) have a positive impact on sustainable corporate growth at the firm level in selected Organisation for Economic Co-operation and Development (OECD) countries. The comparison between different subgroups of companies reveals that private R&D expenditures represent one of the main driver of sustainable corporate growth especially in high-tech companies, while R&D tax incentives (in interaction with private R&D expenditures) are key determinant of sustainable corporate growth in both subgroups of companies. The results may help governments in the formulation of relevant R&D tax incentive policy in the future.

Keywords:private R&D expenditures, R&D tax incentives, sustainable corporate growth, multiple regression analysis
Work type:Article (dk_c)
Typology:1.01 - Original Scientific Article
Organization:FU - Faculty of Administration
Publication status in journal:Published
Article version:Publisher's version of article
Number of pages:16 str.
Numbering:Vol. 10, iss. 7, art. 2304
ISSN on article:2071-1050
DOI:10.3390/su10072304 This link opens in a new window
COBISS.SI-ID:5206958 This link opens in a new window
Publication date in RUL:26.03.2021
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Record is a part of a journal

Shortened title:Sustainability
COBISS.SI-ID:5324897 This link opens in a new window


License:CC BY 4.0, Creative Commons Attribution 4.0 International
Description:This is the standard Creative Commons license that gives others maximum freedom to do what they want with the work as long as they credit the author.
Licensing start date:26.03.2021

Secondary language

Keywords:raziskave in razvoj, ekonomska rast, gospodarski razvoj

Document is financed by a project

Funder:ARRS - Agencija za raziskovalno dejavnost Republike Slovenije (ARRS)
Project number:P5-0093
Name:Razvoj sistema učinkovite in uspešne javne uprave

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