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http://dx.doi.org/10.14400/JDC.2019.17.6.043

An Empirical Study on the Effect of R&D Investment on Business Performance by Life Cycle -Focus on China's Small and Medium-sized Enterprises(SME)-  

Wang, Lin-Lin (Dept. of Business Administration, Honam University)
Qing, Cheng-Lin (Dept. of Business Administration, Honam University)
Publication Information
Journal of Digital Convergence / v.17, no.6, 2019 , pp. 43-49 More about this Journal
Abstract
The study divided the life cycle of Chinese companies into three stages from 2011 to 2017, 3,750 small and medium-sized enterprises(SME) used disclosure data to analyze the intensity of R&D investment by company life cycle. The analysis showed that the impact of wealth(ROA) on the performance of R&D investment(RDS) and the next(t) business performance, and research and development investments had a different impact on the company's performance depending on the life cycle of the company. The results of this study are expected to help determine the amount of expenditure related to R&D investment and the time of input of resources in consideration of industrial characteristics and corporate characteristics when making strategic decisions related to R&D investment of companies.
Keywords
China's small and medium-sized Enterprises(SME); Business Performance; Government Subsides; R&D Investment(RDS); Enterprises Life Cycle;
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Times Cited By KSCI : 2  (Citation Analysis)
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