evidence from Slovenian and world R&D companies
Dejan Ravšelj (Author), Aleksander Aristovnik (Author)

Abstract

Research and development (R&D) investment is widely recognised as one of the crucial elements of generating the competitive advantage of contemporary companies. At the same time, it is also considered to represent one of the key determinants of overall sustainable development. Global competition, which is becoming increasingly harsh and forces companies to provide value-added products, processes and services, constitutes a reason why R&D investment is indispensable in contemporary business operations as they facilitate keeping the companies' position in the market in terms of their competitiveness. The main aim of this paper is therefore to examine the impact of R&D expenditures on corporate performance. Using a multiple regression analysis, two different panel datasets covering Slovenian and world R&D companies are analysed. This gives a unique opportunity to obtain comprehensive and interesting findings, representing the main originality and value of the paper. The empirical results reveal that R&D expenditures are not effective in the short-term period and bring certain benefits in the long-term period. The findings of this paper provide several important theoretical and practical implications.

Keywords

R&D expenditures;operating performance;market performance;multiple regression analysis;Slovenia;OECD;

Data

Language: English
Year of publishing:
Typology: 1.01 - Original Scientific Article
Organization: UL FU - Faculty of Administration
UDC: 33
COBISS: 5406894 Link will open in a new window
ISSN: 2071-1050
Views: 311
Downloads: 143
Average score: 0 (0 votes)
Metadata: JSON JSON-RDF JSON-LD TURTLE N-TRIPLES XML RDFA MICRODATA DC-XML DC-RDF RDF

Other data

Secondary language: Slovenian
Secondary keywords: izdatki za raziskave in razvoj;uspešnost poslovanja;tržna učinkovitost;regresijska analiza panelnih podatkov;Slovenija;OECD;
Type (COBISS): Article
Pages: str. 1-20
Volume: ǂVol. ǂ12
Issue: ǂiss. ǂ5
Chronology: 2020
DOI: 10.3390/su12051943
ID: 12708628