Does R&amp;D investment moderate the relationship between the COVID-19 pandemic and firm performance in China’s high-tech industries? Based on DuPont components

Jin, Guangchun; Xu, Jian; Li, Feng; Haris, Muhammad; Weqar, Faizi

doi:10.1080/09537325.2021.1963699

Cited by 27 publications

(18 citation statements)

References 68 publications

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“…Moreover, the study found that COVID-19 pandemic had a negative and statistically insignificant effect on ROE, consistent with previous research by Amnim et al (2021) and Jin et al(2022). EPUJ displayed a negative and statistically significant effect on ROE, commensurate with the previous studies' findings (Garcı´a-Go´mez et al, 2022;Iqbal et al, 2020).…”

Section: Empirical Results and Discussionsupporting

confidence: 91%

“…This implies that an increase in the DEBEQT is associated with higher ROA. The study also identified a negative and statistically significant impact of COVID-19 pandemic on ROA, supporting previous studies (Jin et al, 2022; Katusiime, 2021; Rahmi & Sumirat, 2021). The results show that EPUJ has a negative and statistically insignificant effect on ROA, which matches previous studies’ findings (Akron et al, 2020; Demir & Ersan, 2017; García-Gómez et al, 2022).…”

Section: Empirical Results and Discussionsupporting

confidence: 89%

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The Impact of Financial Leverage on the Financial Performance of the Firms Listed on the Tokyo Stock Exchange

Arhinful,

Radmehr

2023

Sage Open

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Japan is widely regarded as one of the world’s most developed nations. The country’s electronics industry, in particular, is consistently ranked among the global leaders in innovatiion. Industries such as automotive, construction, electronics, metal, and telecommunications, companies have traditionally leaned more heavily on debt financing for both their day-to-day operations and investment endeavors, rather than relying on equity financing. In Japan, debt financing is favored as cost-effective source of capital compared to equity financing. The study selected 257 automotive, construction, electronic, metal, and telecommunications companies between 2000 and 2021. To find the effect of financial leverage on financial performance, the study used the random effect and the GMM to estimate the effect of the firms’ leverage on financial performance. The study found that interest coverage has a positive and statistically significant effect on ROA, ROE, and Tobin’s Q. The study discovered that cash coverage has a positive and statistically significant effect on ROE. The study found that debt service obligations have a negative and statistically significant effect on financial performance.

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Section: Empirical Results and Discussionsupporting

confidence: 91%

Section: Empirical Results and Discussionsupporting

confidence: 89%

The Impact of Financial Leverage on the Financial Performance of the Firms Listed on the Tokyo Stock Exchange

Arhinful,

Radmehr

2023

Sage Open

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“…Shipments to the US from China declined 21.7% to USD7.5 billion in March. The impact was widespread, with exports of phones decreasing 7.8% to USD8.4 billion, data processing machines down 14.3% to USD6.9 billion, and routers decreasing 12.9% to USD3.2 billion (Jin et al, 2022 ).…”

Section: Resultsmentioning

confidence: 99%

The Consequences of COVID-19 Disruption on Sustainable Economy in the Top 30 High-Tech Innovative Countries

Ikram

Sayagh

2023

Glob J Flex Syst Manag

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“…Por fim, embora a hipótese levantada neste trabalho não tenha sido validada, é salutar considerar que o investimento em P&D pode capacitar as empresas a inovar (JIN et al, 2022) e, assim, gerar potenciais ganhos de performance organizacional (NUNES, SERRASQUEIRO e LEITÃO, 2012), crescimento sustentado e diminuição dos impactos não desejados de crises e recessões, tornando-as mais competitivas (STEFANI et al, 2020;TUNG e BINH, 2022). Além disso, como salientado por Kim et al (2021), investimentos em P&D podem influenciar a decisão dos investidores, haja vista o seu elevado grau de incerteza de ganhos futuros.…”

Section: Considerações Finaisunclassified

Valor de mercado e P&D: uma análise de empresas listadas na B3

Soares,

Guimarães,

Rosa

et al. 2023

R. gest. países ling. port.

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A relação entre o valor de mercado das empresas e o investimento em pesquisa e desenvolvimento (P&D) ainda não é completamente compreendida. Nesse sentido, o objetivo deste trabalho é investigar se mais investimentos em P&D se traduziriam na valorização de mercado das empresas. Para isso, foram analisadas 61 empresas listadas na B3 entre 2010 e 2018. Foram coletados dados financeiros na plataforma Economatica® e dados relacionados com o investimento em P&D nos relatórios das empresas no site da Comissão de Valores Imobiliários. Para a análise dos dados, utilizaram-se a correlação de Pearson e a regressão linear múltipla com efeitos fixos e erros robustos dispostos em painel. A análise de correlação indicou uma relação fraca positiva entre a variável Valor de Mercado e a variável P&D. Isto é, analisados de forma isolada, os resultados indicam que, linearmente, quanto mais investimento em P&D, maior a valorização das ações no mercado de capitais. Em contrapartida, ao utilizar o método de regressão para analisar conjuntamente as variáveis, verificou-se que a variável explicativa P&D apresenta um impacto negativo de R$ 0,016 no valor de mercado das empresas analisadas para cada R$ 1,00 despendido em P&D. Conclui-se que, embora a relação positiva entre o valor de mercado das empresas e o investimento em P&D não tenha sido validada, há indicativos de que esse investimento pode contribuir para a maximização da performance organizacional. Para estudos futuros, indica-se a realização de trabalhos que levem em consideração o cenário pandêmico, assim como a análise de segmentos de mercado específicos e um período de análise maior.

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Does R&D investment moderate the relationship between the COVID-19 pandemic and firm performance in China’s high-tech industries? Based on DuPont components

Cited by 27 publications

References 68 publications

The Impact of Financial Leverage on the Financial Performance of the Firms Listed on the Tokyo Stock Exchange

The Impact of Financial Leverage on the Financial Performance of the Firms Listed on the Tokyo Stock Exchange

The Consequences of COVID-19 Disruption on Sustainable Economy in the Top 30 High-Tech Innovative Countries

Valor de mercado e P&D: uma análise de empresas listadas na B3

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