R&amp;D investment and future firm performance: The role of managerial overconfidence and government ownership

Tebourbi, Imen; Ting, Irene Wei Kiong; Hạnh, Lê Thị Mỹ; Kweh, Qian Long

doi:10.1002/mde.3173

Cited by 23 publications

(26 citation statements)

References 75 publications

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“…In addition, innovation has a positive influence on company performance. It is in line with the research by Ruiqi et al (2017), andTebourbi et al (2020).…”

Section: Conclusion Limitations and Suggestionssupporting

confidence: 92%

“…Board gender and innovation affect the company's future performance because the output of innovation takes time to be recognized in the market, and it is implemented until it can have a positive impact on company performance, so company performance is measured one year after innovation is carried out and two years after the year of board leadership. (t+2) (Ruiqi et al 2017;Tebourbi et al 2020;McClelland et al 2012).…”

Section: Method Data and Analysismentioning

confidence: 99%

“…Innovation requires costs that can be called company investment because, with innovation, the firm is able to create new and superior products that can give the firm a competitive advantage. Thus, the firm can increase profits and improve its performance (Tebourbi et al 2020).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Gender on Board and the Impact to Firm Performance through Innovation as Mediating Variable: Evidence from Indonesian non-Financial Firms

Hasina

Bernawati

2021

J. Keuang. dan Perbank.

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This study examines the effect of gender on board on firm performance in Indonesia through innovation as mediation. The independent, dependent, and mediating variable used in this research is the gender of the board of directors, firm performance, and innovation. This analysis uses Indonesian non-financial firms that perform any innovation activities and are listed on the Indonesian Stock Exchange in 2009-2019 as our sample. The method used in this study is the quantitative method and processed by using SPSS tools to test the hypothesis. The results showed that gender onboard has no effect on firm performance directly but positively affects innovation. Meanwhile, innovation has a positive effect on firm performance. Then gender on board has a positive impact on the firm performance through innovation as the mediation variable. The novelty of this research is to add an innovation variable to clarify the effect of gender on board to the firm performance. This research can be used to consider companies and other policymakers to determine the board in the company.

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“…In addition, innovation has a positive influence on company performance. It is in line with the research by Ruiqi et al (2017), andTebourbi et al (2020).…”

Section: Conclusion Limitations and Suggestionssupporting

confidence: 92%

Section: Method Data and Analysismentioning

confidence: 99%

See 1 more Smart Citation

Gender on Board and the Impact to Firm Performance through Innovation as Mediating Variable: Evidence from Indonesian non-Financial Firms

Hasina

Bernawati

2021

J. Keuang. dan Perbank.

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“…Managerial overconfidence and government ownership can improve a firm's R&D investment and future financial performance (Tebourbi et al, 2020). Currently, the Chinese government has implemented diversified subsidy and tax rebate policies, as well as a credit policy, to motivate the rapid growth of green industries.…”

Section: Introductionmentioning

confidence: 99%

The combined impacts of fiscal and credit policies on green firm's investment opportunity: Evidences from Chinese firm‐level analysis

Chang

Liu

et al. 2021

Manage Decis Econ

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This article investigates the combined impact of fiscal and credit policies on green‐firm investment opportunities using firm‐level panel data of green industries in China. Our empirical results demonstrate that subsidies, tax rebates, and green credit loans have significantly U‐shaped nexuses with green‐firm investment opportunities: Subsidies, tax rebates, and green credit policies generate significant interactions on green‐firm investment opportunities. External financing constraints may weaken the incentive of subsidies, tax rebates, and green credit loans on green‐firm investment opportunities.

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“…The contributions of this paper are mainly reflected in these aspects: First, the existing literature research on R & D investment and profit performance is mainly concentrated on the research of high-tech industries, pharmaceutical manufacturing and information technology industries (Guo et al, 2020;Xu et al, 2020;Yang et al, 2019) [1][2][3] or uses intermediate variables to explore the relationship between R & D investment and operating performance (Tebourbi et al, 2020;Wu et al, 2016) [4,5]. Previous studies mostly carried out research from the perspective of R & D investment.…”

Section: Introductionmentioning

confidence: 99%

R & D Attention and Profit Performance—An Empirical Study on Listed Companies in China’s Electric Power and Electrical Industries

Jing

Sun

2021

Sustainability

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The electric power and electric industries are basic and strategic emerging industries in China’s national economy. Based on the data of listed companies in China’s electric power and electric industries from 2015 to 2019, this paper empirically studies the impact of research and development (R & D) attention on corporate profitability. The results show that attention to R & D by listed companies in electric power and electric industries will significantly improve enterprise’s profit performance, and this kind of effect has yearly heterogeneity. From 2015 to 2017, R & D attention gradually improved the profit performance of enterprises, but the profit spillover effect of R & D investment in recent years needs to be further strengthened. Further study found that R & D attention has a significant effect on corporate profitability in the private enterprise group, the R & D attention of state-owned enterprises and R & D structure adjustment should be paid more attention; R & D investment can significantly improve the profitability of the electrical industry, but the promotion effect was relatively slow in recent years, and R & D investment has a significant effect on the profitability of listed companies in the electric power industry. Although the promotion effect is not obvious, it shows a steady improvement trend. After variable and model replacement, the empirical regression conclusion of this paper is still robust. The results of this paper help to deepen the understanding of the stage characteristics of the impact of R & D attention on profit performance, and it is of great significance to optimize the efficiency of R & D investment and pay attention to the adjustment of R & D structure in the electric power and electrical industries.

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R&D investment and future firm performance: The role of managerial overconfidence and government ownership

Cited by 23 publications

References 75 publications

Gender on Board and the Impact to Firm Performance through Innovation as Mediating Variable: Evidence from Indonesian non-Financial Firms

Gender on Board and the Impact to Firm Performance through Innovation as Mediating Variable: Evidence from Indonesian non-Financial Firms

The combined impacts of fiscal and credit policies on green firm's investment opportunity: Evidences from Chinese firm‐level analysis

R & D Attention and Profit Performance—An Empirical Study on Listed Companies in China’s Electric Power and Electrical Industries

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