The Decline in Corporate Research: Should We Worry? | Forces for Change
The Center for Innovation Policy's conference, "The Decline in Corporate Research: Should We Worry?", was held on March 31, 2017, at Duke's "Duke in D.C." offices.
Panel 4: Forces for Change
Moderator: Bill Janeway, Warburg Pincus & Cambridge University
Discussants:
1. Globalization: Increased competition and increased
market opportunities
Pian Shu, Harvard Business School
2. Capital markets, risk tolerance, and investment horizons
Shiva Rajgopal, Columbia Business School
Ralph Gomory, IBM and the Alfred P. Sloan Foundation (ret.)
Government data and research point to a long decline in US corporate investment in upstream research. How pervasive is this trend across industries, technologies, and firms of different sizes? How does it compare with research spending by the federal government, universities, and companies abroad? Does it reflect less reliance on research, whoever performs it? Is it explained by capital market pressures, global competition, or other factors? Has it contributed to the slowdown in productivity growth? Are there other reasons policymakers should be concerned? If so, what policy levers should they look to—e.g., intellectual property, tax, government R&D spending, or antitrust enforcement?
This program was sponsored by a grant from the Ewing Marion Kauffman Foundation.