130222 20260218073033.0 doi 10.1080/10242694.2023.2197308 sideral 133763 ART-2024-133763 eng Callado-Muñoz, Francisco José Assessing the Impact of Military and Civilian R&D on Performance 2024 Access copy available to the general public Unrestricted The 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. info:eu-repo/grantAgreement/ES/DGA-FEDER/S52-20R info:eu-repo/grantAgreement/ES/MICINN/PID2021-123154NB-I00 info:eu-repo/grantAgreement/ES/UZ/UZCUD2020-SOC-01 info:eu-repo/semantics/openAccess by-nc-nd https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es 1.6 2024 ECONOMICS 276 / 620 = 0.445 2024 Q2 T2 0.741 2024 Social Sciences (miscellaneous) 2024 Q1 Economics and Econometrics 2024 Q2 4.2 2024 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion (orcid)0000-0002-5623-2391 Fernández-Olmos, Marta Universidad de Zaragoza (orcid)0000-0002-9758-0149 Ramírez-Alesón, Marisa Universidad de Zaragoza Utrero-González, Natalia María 4012 650 Universidad de Zaragoza Dpto. Direcc.Organiza.Empresas Área Organización de Empresas 35, 6 (2024), 760-777 Def. peace econ. Defence and Peace Economics 1024-2694 397807 http://zaguan.unizar.es/record/130222/files/texto_completo.pdf Postprint info:eu-repo/date/embargoEnd/2024-10-10 897417 http://zaguan.unizar.es/record/130222/files/texto_completo.jpg?subformat=icon icon Postprint info:eu-repo/date/embargoEnd/2024-10-10 oai:zaguan.unizar.es:130222 articulos driver 2026-02-17-20:23:04 ARTICLE