An empirical study on the impact of R&D investment and employee involvement on innovation commercialization — Evidence from IT firms in China

Abstract

Using a sample of 126 firms in Chinese IT industry, we developed an empirical model which tests the impact of R&D investment and employee involvement on innovation commercialization. The results showed that the expenditure of R&D has a positive effect on performance of innovation commercialization, while the number of R&D staff has trivial impact on that. The results also revealed that employee involvement has no direct effect on commercialization performance, but plays a moderating role on the effect of R&D investment on commercialization of innovation. More specifically, the R&D expenditure of a firm with high involvement system has less positive impact on the number of new product, but more positive effect on the profit of new product.

Analysis of Obstacles and Success Factors of Innovation Commercialization

“…The work of such researchers focused on the study of the concept, procedures and factors influencing the process of creating innovation [1][2][3][4][5], including the stage of commercialization of innovation results and creative ideas [6][7][8][9][10]. Sharing of R&D results, technology transfer, corporate governance are the key factors that bring success in innovation activity of enterprises [10][11][12][13][14].…”

“…Commercialization of innovations in different areas has investigated and described in such articles: peculiarities of sales policy at innovation active enterprise [2]; distinguishing success from failure in the market of technological innovation [3]; analysis of the innovative development directions for industrial enterprises [14]. Cross-country analysis, cultural aspects and research on international market of innovative products have described in [1,5,6,11,15].…”