Research and development investments and performance in high technology industries: some evidence from semiconductor firms

This paper presents the results of an empirical study of research and development in the semiconductor industry, The study aims to better understand the relationship between R&D investments and firm´s performance in a turbulent competitive environment. Following an original approach that involves the use of an appropriate time order among variables considered, differences in R&D performance and effects to firms´ performance are shown. To explain these differences a series of insights are proposed