Premium
Budgets for research and development: an empirical study of 69 Swedish firms
Author(s) -
Naslund B.,
Sellstedt B.
Publication year - 1974
Publication title -
randd management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.253
H-Index - 102
eISSN - 1467-9310
pISSN - 0033-6807
DOI - 10.1111/j.1467-9310.1974.tb01056.x
Subject(s) - empirical research , business , economics , accounting , finance , mathematics , statistics
Questionnaires were sent out to 124 large Swedish firms, asking how they determined budgets for research and development (R & D) and who decided about the size of these budgets. 94 firms answered and 69 of these undertook R & D. It was found that, as a rule, firms decide upon individual projects and do not specify in advance a fixed level for the R & D budget. The decision about individual R & D projects and/or the R & D budget was most frequently made by the president of the company. The implication of our results for various kinds of research on the economics of R & D are discussed.