Is there a linear relationship between R&D intensity and growth? Empirical evidence of non-high-tech vs. high-tech SMEs

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R&D internationalization in medium-sized firms: The moderating role of knowledge management in enhancing innovation performances (2019, background): “, 2012; Hurtado and Torres, 2018), while few studies investigated how those internationalized teams can influence the innovation performance of medium-sized and, more specifically, non-hightech companies (e.g. Booltink and Saka-Helmhout, 2018; Nunes et al., 2012).”
Innovation and firm growth: Does firm age play a role? (2016, unknown): “In fact, for growth of labour productivity and employment, we observe a negative impact for the lowest quantiles, which suggests that R&D investment is not always successful (Demirel and Mazzucato, 2012; Nunes et al., 2012).”