R&amp;D and firm performance: evidence from the Indian pharmaceutical industry

Sharma, Chandan

doi:10.1080/13547860.2012.668094

Cited by 71 publications

(57 citation statements)

References 27 publications

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“…Technological innovation has a significantly positive effect on ROA, which implies that manufacturing companies are utilizing such technological innovation to make them competitive. This is in line with the findings of a large body of literature (e.g., [73,85,[107][108][109][110]).…”

Section: Discussionsupporting

confidence: 91%

Intellectual Capital, Technological Innovation and Firm Performance: Evidence from China’s Manufacturing Sector

et al. 2019

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Intellectual capital (IC) is considered to be a main driver of organizational success in the knowledge economy. This study examines the impacts of three IC components, including human capital (HC), structural capital (SC), and relational capital (RC), on technological innovation and firm performance. Data are collected from 1112 manufacturing listed companies in China during 2013–17. Using partial least squares structural equation modeling (PLS-SEM), the results show that HC and SC exert a positive impact on firm performance while RC has a negative impact; SC has a positive influence on technological innovation while HC has a negative influence; technological innovation can enhance the firm’s performance. In addition, technological innovation partially mediates the relationship between SC and firm performance. This study will bridge the gap in research by investigating the impacts of IC components on technological innovation and firm performance in developing countries.

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Section: Discussionsupporting

confidence: 91%

Intellectual Capital, Technological Innovation and Firm Performance: Evidence from China’s Manufacturing Sector

et al. 2019

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“…This estimator uses appropriate lags of variables in level form as instruments for equations of first difference form and conversely for equations of level form, all of which are combined into a system of equations with options to treat any of the variables in the system as endogenous (Arellano & Bond, ). The model has previously been applied in Indian firm‐level data studies conducted by Sharma, Mishra, and Mishara (); Sharma (); and Arora and Sharma ().…”

Section: Methodology and Model Specificationmentioning

confidence: 99%

Corporate governance and firm performance relationship: Implications for risk‐adjusted return behavior

Dash

Raithatha

2019

Manage Decis Econ

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We examine the impact of corporate governance on firm performance and stock return behavior using panel data for Indian listed firms for 2006 to 2015. Our results suggest that corporate governance improves firm performance. However, corporate governance information fails to provide excess risk‐adjusted returns to investors, as governance information is well assimilated in prevailing stock prices. In addition to extending the scant literature focused on emerging markets, our findings will prove useful to investors, fund managers, and rating agencies in making investment decisions and regulators in assessing the impact of governance norms.

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“…Gulmez, and Yardımcıog˘lu, F. (2012) produced the positive effects of R&D activities upon income in 21 OECD member countries for the period 1990-2010 and revealed that a 1% increase in R&D expenditures led to an increase in economic growth by 0.77% in the long run. With respect to Indian pharmaceutical industries, Sharma (2012) attempted to see the influence of R&D expenditure upon the firms' performance of the industry for the period 1994-2006. It was observed that R&D intensity had a positive and significant effect on the total factor productivity of the pharmaceutical industries.…”

Section: Studies On Randd Patent and Growthmentioning

confidence: 99%

Interplays among R&D spending, patent and income growth: new empirical evidence from the panel of countries and groups

Das

2020

J Innov Entrep

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Industrial houses and governments of different countries and groups spend a sizeable amount of their earnings upon research and development activities to create new products and obtain patents for them. The short-run motive is to get patents, and the long-run motive is to influence income growth of the countries. The empirical findings so far are skeptical on the effects of research and development (R&D) spending. The present study further investigates the long-run associations and short-run dynamics among R&D spending, number of patents and per capita income growth in the panel of countries and groups for the period 1996–2017. Using VAR model for the panel data, the study observes that R&D spending, number of patents and per capita income growth have no long-run equilibrium relations but in the short-run, income growth and number of patents make a cause to R&D spending. However, there are weak causation from patents and R&D spending to income growth rates. The study thus recommends for controlling unfair competition on spending on R&D head and getting patents since it increases the magnitudes of social cost.

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R&D and firm performance: evidence from the Indian pharmaceutical industry

Cited by 71 publications

References 27 publications

Intellectual Capital, Technological Innovation and Firm Performance: Evidence from China’s Manufacturing Sector

Intellectual Capital, Technological Innovation and Firm Performance: Evidence from China’s Manufacturing Sector

Corporate governance and firm performance relationship: Implications for risk‐adjusted return behavior

Interplays among R&D spending, patent and income growth: new empirical evidence from the panel of countries and groups

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