Industry performance and investment in R&D and capital goods

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Industry performance and investment patterns in capital equipment and research and development for 42 industries were examined. Superior performance was significantly associated with high levels of R&D investment in half the industries, but was unrelated to capital investment in these industries over the 20-year period studied. Implications of these findings for the competitiveness of American industry are discussed. © 1994.




Waddock, S. A., & Graves, S. B. (1994). Industry performance and investment in R&D and capital goods. Journal of High Technology Management Research, 5(1), 1–17.

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