Determinants of R&D Expenditures and Expectations
Journal of High Technology Management Research
This study investigated the impact of individual, organizational and environmental factors on: (a) expectations of future success in research and development (R&D); and (b) changes in expenditures for R&D activities. Data was collected from executives in fifty-five organizations in Western Australia. Past performances in R&D emerged as the most powerful predictor of expectations for success but was not a significant predictor of R&D expenditures. Organizational and environmental variables emerged as significant predictors, while individual characteristics of the decision maker had no impact on R&D expenditures.