Intangible Investment and Firm Performance / Nathan Chappell, Adam B. Jaffe.

Format:

Book

Author/Creator:

Chappell, Nathan.

Contributor:

National Bureau of Economic Research.

Jaffe, Adam B.

Series:

Working Paper Series (National Bureau of Economic Research) no. w24363.

NBER working paper series no. w24363

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2018.

Summary:

We combine survey and administrative data for about 13,000 New Zealand firms from 2005 to 2013 to study intangible investment and firm performance. We find that firm size and moderate competition is associated with higher intangible investment, while firm age is associated with lower intangible investment. Examining firm performance, we find that higher investment is associated with higher labour and capital input, higher revenue, and higher firm-reported employee and customer satisfaction, but not with higher productivity or profitability. The evidence suggests that intangible investment is associated with growth and 'soft' performance objectives, but not with productivity or profitability.

Notes:

Print version record

March 2018.