Noncapital investment costs and the adoption of CAD and CNC in US metalworking industries

• 成果类型: Article
• 署名作者: Åstebro, T
• 署名单位: University of Waterloo
• 刊物名称: RAND JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0741-6261
• DOI: 10.2307/3087480
• 发表日期: 2002
• 页码: 672-688
• 关键词: diffusion; TECHNOLOGY; INNOVATION; FIRMS

摘要

Many studies have shown that firm size is the strongest and most consistent predictor of the adoption of technological innovations, but the causes for this relationship are debated. l investigate the relationships between various size measures and the adoption of computer-aided design (CAD) and computer numerically controlled (CNC) machine tools. Plant size is the dominant factor in predicting CAD and CNC adoption. Other measures such as firm size or multiplant operations have independent effects that are not present after controlling for plant size. I test four potential explanations for the results: noncapital cost spreading, equipment replacement, risk aversion, and learning. There is support only for the first explanation.