Innovation and the economic sectors

Author

Berg, Daniel ; Einspruch, Norman G.

Author_Institution

Lally Sch. of Manage., Rensselaer Polytech. Inst., Troy, NY, USA

Volume

1

fYear

2005

fDate

13-15 June 2005

Firstpage

38

Abstract

An analysis of the contribution of research and development and concomitant innovation to corporate market valuation was reported by Fluke and Kump. The data were further analyzed to ascertain the relative R&D investment in the service sector and the goods sector in a population of 30 companies most affected by accounting treatment of R&D expenditures; it was found that 97% of these companies are in the goods sector. All ten of the companies that have generated the most U.S. patents in the last five years are in the goods sector. Of the ten companies that made the largest investment in R&D, 90% are in the goods sector. Inferences related to the nature of the service sector are discussed.

Keywords

accounting; innovation management; investment; service industries; R&D accounting; R&D investment; US patents; corporate market valuation; economic sectors; goods sector; service sector; Business; Companies; Cost accounting; Employment; Innovation management; Investments; Manufacturing; Power generation economics; Productivity; Technological innovation;

fLanguage

English

Publisher

ieee

Conference_Titel

Services Systems and Services Management, 2005. Proceedings of ICSSSM '05. 2005 International Conference on

Print_ISBN

0-7803-8971-9

Type

conf

DOI

10.1109/ICSSSM.2005.1499430

Filename

1499430