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http://dx.doi.org/10.14386/SIME.2021.29.2.31

The Relationship Between R&D Investment and Financial Performance: The Moderating of Political Ties  

Park, Junho (경북대학교)
Lee, Jangwoo (경북대학교)
Publication Information
Journal of Technology Innovation / v.29, no.2, 2021 , pp. 31-57 More about this Journal
Abstract
So far, several researchers have studied the relationship between research and development investment and firm performance; however, most have focused on linear relationships. Thus, previous studies remain fragmented and show mixed results. This study examined the moderating effect of political ties in the relationship between R&D investment and firm performance. We tested the hypotheses based on extensive 20-year data on enterprises, from 1998 through 2017, as the research period. The study is expected to contribute to explaining the mixed results of the research between research and development investment and firm performance.
Keywords
R&D Investment; Political Ties; Financial Performance;
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