000130222 001__ 130222 000130222 005__ 20240731103403.0 000130222 0247_ $$2doi$$a10.1080/10242694.2023.2197308 000130222 0248_ $$2sideral$$a133763 000130222 037__ $$aART-2023-133763 000130222 041__ $$aeng 000130222 100__ $$aCallado-Muñoz, Francisco José 000130222 245__ $$aAssessing the impact of military and civilian R&D on performance 000130222 260__ $$c2023 000130222 5060_ $$aAccess copy available to the general public$$fUnrestricted 000130222 5203_ $$aThe aim of this paper is to evaluate the effects of civilian, military and dual (both military and civilian) R&D investments on the profitability of firms. In particular, this paper analyses the role of different types of R&D investment in a sample of firms that collaborate with the Spanish Ministry of Defence. This database contains detailed information about the R&D activities taking place and accounting and financial information. Our final sample consists of 935 observations from 158 firms during the period 2011-2018. The methodology used is the Generalised Method of Moments. The results show that military R&D is more significant than civilian R&D in explaining the financial firm performance in the Spanish defence industry. Moreover, they reveal differences between military and dual R&D and suggest the increasing importance of duality technologies. Finally, taking on board market segment idiosyncrasies does not eliminate, but reinforces, the differences observed. These results help to better understand the effects of R&D expenditure in the Spanish defence sector and are relevant in the current debate about reinforcing European defence capabilities. 000130222 536__ $$9info:eu-repo/grantAgreement/ES/DGA-FEDER/S52-20R$$9info:eu-repo/grantAgreement/ES/MICINN/PID2021-123154NB-I00$$9info:eu-repo/grantAgreement/ES/UZ/UZCUD2020-SOC-01 000130222 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/ 000130222 590__ $$a1.6$$b2023 000130222 592__ $$a0.539$$b2023 000130222 591__ $$aECONOMICS$$b273 / 597 = 0.457$$c2023$$dQ2$$eT2 000130222 593__ $$aSocial Sciences (miscellaneous)$$c2023$$dQ2 000130222 593__ $$aEconomics and Econometrics$$c2023$$dQ2 000130222 594__ $$a4.0$$b2023 000130222 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000130222 700__ $$0(orcid)0000-0002-5623-2391$$aFernández-Olmos, Marta$$uUniversidad de Zaragoza 000130222 700__ $$0(orcid)0000-0002-9758-0149$$aRamírez-Alesón, Marisa$$uUniversidad de Zaragoza 000130222 700__ $$aUtrero-González, Natalia María 000130222 7102_ $$14012$$2650$$aUniversidad de Zaragoza$$bDpto. Direcc.Organiza.Empresas$$cÁrea Organización de Empresas 000130222 773__ $$gLatest Article (2023), 1-17$$pDef. peace econ.$$tDefence and Peace Economics$$x1024-2694 000130222 8564_ $$s397807$$uhttps://zaguan.unizar.es/record/130222/files/texto_completo.pdf$$yPostprint$$zinfo:eu-repo/date/embargoEnd/2024-10-10 000130222 8564_ $$s897417$$uhttps://zaguan.unizar.es/record/130222/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint$$zinfo:eu-repo/date/embargoEnd/2024-10-10 000130222 909CO $$ooai:zaguan.unizar.es:130222$$particulos$$pdriver 000130222 951__ $$a2024-07-31-10:00:23 000130222 980__ $$aARTICLE