R&D Roulette: How Betting on Innovation Spins Business Performance

DOI

10.2991/978-94-6463-572-0_19How to use a DOI?

Keywords

R&D Investment; Corporate Performance; Financing Constraints; Product Market Competitiveness; Corporate Governance

Abstract

Utilizing data from listed companies spanning the years 2006 to 2022, this paper examines the correlation between R&D investment and corporate performance. It also explores the mechanisms and moderating effects of ownership concentration. R&D investment boosts business performance by alleviating financing constraints and enhancing product competitiveness, influenced by internal control and external governance factors. There are notable differences in the effects based on enterprise scale and type. Consequently, this paper offers policy recommendations to encourage increased R&D investment and to promote performance improvement through robust internal and external governance mechanisms.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Lei Jin
AU  - Keyi Duan
PY  - 2024
DA  - 2024/11/19
TI  - R&D Roulette: How Betting on Innovation Spins Business Performance
BT  - Proceedings of the 3rd International Conference on Financial Innovation, FinTech and Information Technology (FFIT 2024)
PB  - Atlantis Press
SP  - 172
EP  - 188
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-572-0_19
DO  - 10.2991/978-94-6463-572-0_19
ID  - Jin2024
ER  -