R&amp;D intensity and commercialization orientation effects on financial performance

Lin, Bou‐Wen; Lee, Yikuan; Hung, Shih‐Chang

doi:10.1016/j.jbusres.2006.01.002

Cited by 239 publications

(168 citation statements)

References 44 publications

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“…This result is in line with the work of Lin, Lee, and Hung (2006), Dekimpe and Hanssens, (1995), Jedidi, Mela and Gupta (1999), Fee, Hadlock and Pierce (2009, and Joshi and Hanssens (2010. It indicated that investors perceived positively the companies' investment decision and expected it could provide a significant return soon.…”

Section: Findings and Discussionsupporting

confidence: 88%

“…In the other side, by using a sample of 143 firms from the pharmaceutical industry, Lin, Lee, and Hung (2006) found a significant positive effect on firm value at the stock exchange of an interaction effect between R&D intensity and commercialization measured by expenditure on marketing. In the context of marketing, investments in advertising have been the most studied and their effects have been found to have a positive longterm effect on different financial performance indicators (e.g.…”

Section: Decision and Firm Performancementioning

confidence: 98%

See 1 more Smart Citation

Capital Structure and Investment Decision: What Does Emerging Consumer Goods Industry Tell Us?

Arafat¹,

Warokka²,

Suryasaputra³

2014

JFSR

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This study explores the interdependence of capital structure and investment decisions by documenting the relationship between corporate leverage and investment choices. By using the data of consumer goods companies listed in Indonesia Stock Exchange for three years (2008)(2009)(2010) as the sample, the obtained data was analyzed by applying multivariate regression analysis and t-test. The study found that the significant likelihood of a firm elevating-leverage to increase the company value, and investors saw this as the company was in a high-growth level. The result also revealed that investment decision had influenced positively on the company value, which meant the investors to assume the management had performed well in searching and investing the obtained capital from debt. It indicated that the market still viewed consumer goods industry as one of the prospective industries in Indonesia due to the fact of the big number of people lives in Indonesia providing a captive market, which are the industry characteristics and the influencing market conditions. JEL Classification: G35, G11, L67

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Section: Findings and Discussionsupporting

confidence: 88%

Section: Decision and Firm Performancementioning

confidence: 98%

Capital Structure and Investment Decision: What Does Emerging Consumer Goods Industry Tell Us?

Arafat¹,

Warokka²,

Suryasaputra³

2014

JFSR

View full text Add to dashboard Cite

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“…Studies on the relationship between R&D capability and patentability are very wide in their range, have been deeply conducted and appeared to generally have positive effects (Artz et al, 2010;Hall and Bagchi-Sen, 2002;Hall and Ziedonis, 2001;Lin et al, 2006;Reitzig and Puranam, 2009;Romijn and Albaladejo, 2002;Somaya et al, 2007;Souitaris, 2002). Romijn and Albaladejo (2002), in their study on 33 of small enterprises related to electronics and software in southeastern district of England, proved that the capabilities of R&D has a correlation with the performance.…”

Section: Randd Capability and Performancementioning

confidence: 99%

Impacts of innovation type SME’s R&D capability on patent and new product development

Kim

Sawng

et al. 2018

APJIE

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Purpose This study aims to verify the effectiveness and efficiency of corporate technology innovation activities. Design/methodology/approach This study empirically analyzes the effects of research and development (R&D) capability on patent and new product development achievements on innovation-type small- and medium-sized enterprises (SMEs) by using the “Report on Korean Innovation Survey 2010: Manufacturing Sector” data released by the Science and Technology Policy Institute. Findings The results of the study indicate that staffing of the concentration of R&D human resource team and efforts toward open innovation are essential factors for the creation of corporate performance.The number of persons of the concentration R&D team in particular makes up essential resources for patent acquisition and new product development. In addition, in case of an SME’s with relatively poor resources, it is necessary to acquire resources, both material and immaterial, learn from the external R&D activities and internalize those into key corporate capabilities rather than step up the R&D activities on their own. Originality/value The results of this study indicate that innovative small enterprises need to secure the number of R&D human resource members for maintaining sustainable competitiveness and securing market share. Therefore, a strategy is needed that would enable employing and raising excellent human resource in the quantitative and qualitative aspects. However, in the circumstances that small enterprises suffer difficulty in securing professional human resource for R&D compared to large enterprises, as there is a limitation for securing human resource for R&D from only the dimension of enterprises, governmental and political support is thought to be necessary for securing good-quality human resource for R&D. Accordingly, the results of this study provide many implications for the necessity of detailed methodology on how to expand professional human resource for R&D among supporting policies for technical innovative enterprises and to establish innovative strategies of enterprises.

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“…Research and development can enhance intellectual market-based assets and, in turn, develop marketing strategies to compete with other competitors in the market (Frels, et al, 2003;O'Brien, 2003). These marketing strategies can result in value for the brand and the firm (Lin, et al, 2006). These relational and intellectual market-based assets can intertwine to create a unique competitive edge for a firm in a marketplace (Srivastava, et al, 1998).…”

Section: New Approach: Market-based Assetsmentioning

confidence: 99%

Advertising vs. R&D: Relative effectiveness on brand equity

Jeong

2015

SAJBM

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This study examines whether advertising can contribute directly to brand equity and, if it can, determines how much value advertising can deliver to brands and firms using the secondary data from various sources. The findings show that advertising can not only work to improve market performance measures but also to develop and maintain brand equity. R&D is also found to positively affect brand equity. With regard to the relative effectiveness of advertising and R&D, R&D is more effective than advertising in contributing to brand equity when measuring absolute effects of expenditures. When measuring simple changes in brand equity, however, changes in advertising are more effective than changes in R&D.

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R&D intensity and commercialization orientation effects on financial performance

Cited by 239 publications

References 44 publications

Capital Structure and Investment Decision: What Does Emerging Consumer Goods Industry Tell Us?

Capital Structure and Investment Decision: What Does Emerging Consumer Goods Industry Tell Us?

Impacts of innovation type SME’s R&D capability on patent and new product development

Advertising vs. R&D: Relative effectiveness on brand equity

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