Knott’s research examines the optimal environment and policies (economic, industrial and firm) for innovation. This interest stems from issues arising during an earlier career in defense electronics at Hughes Aircraft Company. Prior to joining Olin, Professor Knott was an Assistant Professor of Management at Wharton.
The 2020 RQ50, highlighting the 50 companies whose R&D is most productive, were unveiled Sept. 8 at The Industrial Innovation Path to Economic Recovery Conference hosted by the Boeing Center at Washington University in St. Louis. The unveiling coincides with research forthcoming in the Journal of Financial and Quantitative Analysis.
The $2 trillion plan to prop up a pandemic-reeling United States, amid the news that there were 3.3 million unemployment claims lodged in the previous week, is expected to pass the House on March 27. An array of Washington University in St. Louis experts offer perspectives on the plan.
A new study by Olin Business School’s Anne Marie Knott, steeped in research and development, finds that large companies constitute 87% of the R&D engine right now, concluding that previous researchers just haven’t had the right tools to measure the productivity of investments in this area.
Even companies that claim to have a long-term orientation worry about whether R&D is worth the investment. My research shows why companies, investors, and the nation will be better off if companies make long-term investments in R&D.
It’s curious that we heard very little from the C-Suite in the deliberations leading up to the Dec. 22 signing of the Tax Cuts and Jobs Act. What makes this curious is that the goal of the act was to increase GDP growth above 3 percent by stimulating corporate investments to increase productivity, but no one seemed to be asking CEOs whether the tax cut would have that effect.