Is it possible to increase the research and development (R&D) activities of companies by means of public funding? What impact does R&D have on the productivity of companies? These are among the questions that Ali-Yrkkö examines in his dissertation.
Public R&D funding increases company-financed R&D
Technology development and R&D are seen as important elements in the national economy both in Finland and elsewhere in the world. For example, the Lisbon Treaty aims for three percent of the gross national product of EU member countries to be spent on research and development. In Finland the goal is four percent. The majority of R&D activities, however, is largely realized and financed by companies in Finland and other EU countries. Reaching the goals of this policy thus depends on companies and their behavior.
The research material of the dissertation includes information regarding R&D activities of hundreds of companies. The results indicate that public R&D financing does not generally supersede company-financed R&D but rather complements it, in other words it amplifies it. The scale of impact is almost corresponding; one euro of public R&D finance results in a one euro increase in privately financed R&D activities. This additional impact is greater for large companies than for small companies. The study did not indicate that increasing public R&D funding would have a more significant impact on companies with financial constraints than on companies without financial constraints.
International buyers interested in technological know-how
Public R&D financing has also influenced the amount of company human resources, but the resulting increases in personnel have been limited to R&D personnel. According to the research, Tekes funding only affected the amount of R&D personnel. It is possible, however, that influences on other types personnel can only be perceived in the long term.
In addition, Ali-Yrkkö examines the impact of technology development on company productivity. According to the results, by means of research and development companies can increase their productivity, but impacts will be realized only after a few years. It takes, on average, 3-5 years until the result of R&D activities can be observed in company productivity. This long delay in the benefits of R&D activities must also be taken into account in political actions that aim to advance the R&D activities of companies. The relative successfulness of a policy can also be determined only after several years.
The research results demonstrate that technological know-how of a company makes it an attractive target for company investments. Foreign companies especially have shown interest in buying Finnish enterprises with patents. Alternatively, patents do not seem to attract domestic buyers.
Leena Vuorenmaa | alfa
Europe's microtechnology industry is attuned to growth
10.03.2017 | IVAM Fachverband für Mikrotechnik
Preferential trade agreements enhance global trade at the expense of its resilience
17.02.2017 | International Institute for Applied Systems Analysis (IIASA)
Astronomers from Bonn and Tautenburg in Thuringia (Germany) used the 100-m radio telescope at Effelsberg to observe several galaxy clusters. At the edges of these large accumulations of dark matter, stellar systems (galaxies), hot gas, and charged particles, they found magnetic fields that are exceptionally ordered over distances of many million light years. This makes them the most extended magnetic fields in the universe known so far.
The results will be published on March 22 in the journal „Astronomy & Astrophysics“.
Galaxy clusters are the largest gravitationally bound structures in the universe. With a typical extent of about 10 million light years, i.e. 100 times the...
Researchers at the Goethe University Frankfurt, together with partners from the University of Tübingen in Germany and Queen Mary University as well as Francis Crick Institute from London (UK) have developed a novel technology to decipher the secret ubiquitin code.
Ubiquitin is a small protein that can be linked to other cellular proteins, thereby controlling and modulating their functions. The attachment occurs in many...
In the eternal search for next generation high-efficiency solar cells and LEDs, scientists at Los Alamos National Laboratory and their partners are creating...
Silicon nanosheets are thin, two-dimensional layers with exceptional optoelectronic properties very similar to those of graphene. Albeit, the nanosheets are less stable. Now researchers at the Technical University of Munich (TUM) have, for the first time ever, produced a composite material combining silicon nanosheets and a polymer that is both UV-resistant and easy to process. This brings the scientists a significant step closer to industrial applications like flexible displays and photosensors.
Silicon nanosheets are thin, two-dimensional layers with exceptional optoelectronic properties very similar to those of graphene. Albeit, the nanosheets are...
Enzymes behave differently in a test tube compared with the molecular scrum of a living cell. Chemists from the University of Basel have now been able to simulate these confined natural conditions in artificial vesicles for the first time. As reported in the academic journal Small, the results are offering better insight into the development of nanoreactors and artificial organelles.
Enzymes behave differently in a test tube compared with the molecular scrum of a living cell. Chemists from the University of Basel have now been able to...
20.03.2017 | Event News
14.03.2017 | Event News
07.03.2017 | Event News
24.03.2017 | Earth Sciences
24.03.2017 | Health and Medicine
24.03.2017 | Earth Sciences