R&amp;D, export and investment decision: evidence from European firms

Carboni, Oliviero Antonio; Medda, Giuseppe

doi:10.1080/00036846.2017.1332747

Cited by 28 publications

(16 citation statements)

References 37 publications

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“…In addition, some European countries were affected by the economic crisis at the end of 2008, which may have influenced R&D investments in companies. However, Aristei et al (2017) and Carboni and Medda (2018) explain that the EFIGE database works with mean values during the period spanning from 2007 through 2009. To some extent, the purpose of this treatment is to overcome possible biases due to the downturn lived in Europe.…”

Section: Discussionmentioning

confidence: 99%

“…Carboni 2017"To estimate the effect of participating in a public programme in investment and R&D expenditure in a sample of European manufacturing companies Incentives to investment, incentives to R&D Investment over sales, research over sales Carboni and Medda (2018) "To provide an empirical investigation of the mechanism through which R&D influences export and tangible investment decisions" In general, the questions refer to 2008, although some relate to information in 2009 and the years previous to 2008. This is done to account for the effects of the crisis as well as the dynamic evolution of firms' activities.…”

Section: Offshoring Innovationmentioning

confidence: 99%

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Innovation through R&D activities in the European context: antecedents and consequences

2019

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Despite the fact that the determinants and the consequences of R&D activities have been extensively studied in previous research, further efforts to integrate disparate streams of literature might bring new insights into innovation decision-making by firms. In particular, this article studies the simultaneous effects that a set of factors (at both company and environmental levels of analysis) have on R&D activity, which explain firm growth. A two-stage probit least squares (2SPLS) estimation is applied to data from the EU-EFIGE/Bruegel-UniCredit dataset for seven European countries for the years 2007-2009. The main findings show that not all the R&D determinants lead to firm growth. In particular, R&D activities are affected by the employment of a significant number of foreign executives, a higher percentage of employees with fixed-term contracts, appropriate labour regulations and access to employees who have received external training, all of which are positively related to firm growth. Based on these results, policy and practical implications to improve firms' performances are discussed.

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Section: Discussionmentioning

confidence: 99%

Section: Offshoring Innovationmentioning

confidence: 99%

Innovation through R&D activities in the European context: antecedents and consequences

2019

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“…As a result, R&D activity would be likely to contribute to the success of a firm pursuing an innovative strategy. It has also been asserted that R&D intensity is vital to export development for a firm’s financial profitability (Carboni and Medda, 2018; Kafouros, 2005). In a prospective analysis of the nexus between R&D and exports, a firm’s progressive investment in R&D over the course of one year tends to accelerate its export performance in the subsequent year (Lippodt, 2019).…”

Section: Theoretical Foundation Of Proposed Hypothesesmentioning

confidence: 99%

“…Market profits from exports can, in turn, be used to support R&D efforts, which generate returns in both domestic and global markets (Maican et al , 2021; Scherer and Voegtlin, 2020; Sousa et al , 2020). Several studies in the business and economics literature have empirically investigated the strategic significance of two factors in firm performance (Askenazy et al , 2016; Carboni and Medda, 2018; Zhang and Xie, 2021): R&D investment for technological strength and capability. Strategies for entering foreign markets through export activity. …”

Section: Introductionmentioning

confidence: 99%

Synergistic effect of R&D and exports on performance in US manufacturing industries: high-tech vs low-tech

Lee

Kwon

2021

JM2

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Purpose This study aims to explore the strategic impact of R&D and export activity on the diverse dimensions of US manufacturing firms’ performance. It also explores, using a predictive analytic model, the interactive synergistic effect that R&D and exports have on firm performance. Design/methodology/approach This study presents an innovative two-stage regression-neural network approach. Complementing conventional statistical analysis, the predictive backpropagation neural network explores the relative impact of R&D and exports and their synergistic effect on firm performance. Findings This study demonstrates the significant and positive effect of R&D and export strategy/activity on the economic performance of leading US manufacturing firms, particularly on their market-based performance (i.e. sustained growth rate or SGR). Furthermore, this study finds that the synergistic effect of R&D and exports on short-term performance (i.e. return on investment) is positive in high-tech firms but negative in low-tech firms. However, the synergistic effect on SGR is increasingly positive regardless of the level of technology. Originality/value In addition to traditional statistical analysis, this study uniquely investigates the relative importance of selected strategic variables, along with R&D and export activity and their differential synergistic effects, for firms’ economic performance in contrasting industry settings (high-tech vs low-tech).

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“…Amadu and Danquah, 2019;Ayllon and Radicic, 2019;Braymen et al, 2011;Yang et al, 2004), Size (e.g. Alarcón and Sánchez, 2016;Altomonte et al, 2016;Ayllon and Radicic, 2019;Braymen et al, 2011;Carboni and Medda, 2018;Esteve-Perez and Rodriguez, 2013;Filipescu et al, 2013;Lachenmaier and Wößmann, 2006) and EFD (e.g. Altomonte et al, 2016;Carboni and Medda, 2018;Mancusi et al, 2018).…”

mentioning

confidence: 99%

Disentangling the effects of business groups in the innovation-export relationship

Wei

Wang

2021

Research Policy

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R&D, export and investment decision: evidence from European firms

Cited by 28 publications

References 37 publications

Innovation through R&D activities in the European context: antecedents and consequences

Innovation through R&D activities in the European context: antecedents and consequences

Synergistic effect of R&D and exports on performance in US manufacturing industries: high-tech vs low-tech

Disentangling the effects of business groups in the innovation-export relationship

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