The impacts of R&D investment on company performance: US vs. Taiwanese technology-intensive industry
Journal
Review of Pacific Basin Financial Markets and Policies
Journal Volume
14
Journal Issue
1
Pages
171-194
Date Issued
2011
Author(s)
Han, I.
Abstract
Based upon the resource-based view and national culture perspectives, this paper investigates the two-way relationship between R&D investment and company performance. We propose that company performance and R&D investment have mutual effects, and the magnitude of these mutual effects varies with different national cultures, different company rewarding systems, and different decision-making patterns of management teams. Related hypotheses are developed and tested on the data of the US and Taiwanese technology-intensive companies during 19982003, and are generally supported by the statistical results. © 2011 World Scientific Publishing Co. and Center for Pacific Basin Business, Economics and Finance Research.
Subjects
company performance; R&D investment; technology-intensive company; US and Taiwan
SDGs
Other Subjects
decision making; industrial enterprise; investment; performance assessment; research and development; Taiwan; United States
Type
journal article