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Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/30480
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dc.contributor.authorGrant, Kevinen_UK
dc.contributor.authorMatousek, Romanen_UK
dc.contributor.authorMeyer, Martinen_UK
dc.contributor.authorTzeremes, Nickolaos G.en_UK
dc.date.accessioned2019-11-20T01:01:57Z-
dc.date.available2019-11-20T01:01:57Z-
dc.date.issued2020-10-17en_UK
dc.identifier.urihttp://hdl.handle.net/1893/30480-
dc.description.abstractSet within the expenditure context of the global financial crisis (GFC), this paper explores how the research and development (R&D) expenditures of biotechnology and pharmaceutical companies affect their technical efficiency levels. A balanced panel of 149 US firms operating in the biotechnology and pharmaceutical sector (covering the period 2000–2017) was employed. Output-oriented partial frontier measures were used to measure the effect of R&D expenditure on firms’ technical efficiency levels. Findings suggest that company efficiency is an important contributor on the effects of R&D on productivity and efficiency. Result suggests that a relationship between technical efficiency and R&D expenditure exhibits a ‘U’-shape relationship. The estimated efficiency of biotechnology firms is higher compared to pharmaceutical firms driven by their higher R&D expenditure levels. We demonstrate that R&D expenditures are essential for firm efficiency. We posit that a threshold level for achieving optimal efficiency levels exist, which can be used to inform managerial and policy-making decisions at the firm level.en_UK
dc.language.isoenen_UK
dc.publisherInforma UK Limiteden_UK
dc.relationGrant K, Matousek R, Meyer M & Tzeremes NG (2020) Research and development spending and technical efficiency: evidence from biotechnology and pharmaceutical sector. International Journal of Production Research, 58 (20), pp. 6170-6184. https://doi.org/10.1080/00207543.2019.1671623en_UK
dc.rights[Grant-etal_InJrnlProdResearch_v12_R_R1_Oct_2018.pdf] This item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. This is an Accepted Manuscript of an article published by Taylor & Francis Group in International Journal of Production Research on 30 Sep 2019, available online: http://www.tandfonline.com/10.1080/00207543.2019.1671623.en_UK
dc.rights[Research and development spending and technical efficiency evidence from biotechnology and pharmaceutical sector.pdf] The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.en_UK
dc.subjectR&D efficiencyen_UK
dc.subjecttechnologyen_UK
dc.subjectinnovationen_UK
dc.subjectdata envelopment analysisen_UK
dc.subjectUS biotechnology and pharmaceutical firmsen_UK
dc.titleResearch and development spending and technical efficiency: evidence from biotechnology and pharmaceutical sectoren_UK
dc.typeJournal Articleen_UK
dc.rights.embargodate2020-10-01en_UK
dc.rights.embargoreason[Research and development spending and technical efficiency evidence from biotechnology and pharmaceutical sector.pdf] The publisher does not allow this work to be made publicly available in this Repository therefore there is an embargo on the full text of the work.en_UK
dc.rights.embargoreason[Grant-etal_InJrnlProdResearch_v12_R_R1_Oct_2018.pdf] Publisher requires embargo of 12 months after formal publication.en_UK
dc.identifier.doi10.1080/00207543.2019.1671623en_UK
dc.citation.jtitleInternational Journal of Production Researchen_UK
dc.citation.issn1366-588Xen_UK
dc.citation.issn0020-7543en_UK
dc.citation.volume58en_UK
dc.citation.issue20en_UK
dc.citation.spage6170en_UK
dc.citation.epage6184en_UK
dc.citation.publicationstatusPublisheden_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusVoR - Version of Recorden_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.author.emailkevin.grant@stir.ac.uken_UK
dc.citation.date30/09/2019en_UK
dc.contributor.affiliationManagement, Work and Organisationen_UK
dc.identifier.isiWOS:000488180500001en_UK
dc.identifier.scopusid2-s2.0-85073934923en_UK
dc.identifier.wtid1464605en_UK
dc.contributor.orcid0000-0002-6938-3404en_UK
dc.date.accepted2019-09-16en_UK
dcterms.dateAccepted2019-09-16en_UK
dc.date.filedepositdate2019-11-19en_UK
rioxxterms.apcnot requireden_UK
rioxxterms.typeJournal Article/Reviewen_UK
rioxxterms.versionAMen_UK
local.rioxx.authorGrant, Kevin|en_UK
local.rioxx.authorMatousek, Roman|en_UK
local.rioxx.authorMeyer, Martin|en_UK
local.rioxx.authorTzeremes, Nickolaos G.|0000-0002-6938-3404en_UK
local.rioxx.projectInternal Project|University of Stirling|https://isni.org/isni/0000000122484331en_UK
local.rioxx.freetoreaddate2020-10-01en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/under-embargo-all-rights-reserved||2020-09-30en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/all-rights-reserved|2020-10-01|en_UK
local.rioxx.filenameGrant-etal_InJrnlProdResearch_v12_R_R1_Oct_2018.pdfen_UK
local.rioxx.filecount2en_UK
local.rioxx.source1366-588Xen_UK
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