R&D spending, strategic position and firm performance.

Autor:	Guo, Bing, Wang, Jing, Wei, Steven X.
Předmět:	RESEARCH & development INDUSTRIALIZATION PRODUCT differentiation LEADERSHIP PLANNING
Zdroj:	Frontiers of Business Research in China; 8/2/2018, Vol. 12 Issue 1, p1-1, 1p
Abstrakt:	Based on R&D investment data from Chinese listed manufacturing firms, this paper examines the effect of R&D spending on firms’ future performance conditional on their strategic positions. We find that firms pursing a product differentiation strategy have more R&D spending than those with a cost leadership strategy. In addition, we document a positive effect of R&D spending on firms’ future performance if they adopt a product differentiation strategy. Meanwhile, for the firms that adopt a cost leadership strategy, the relationship between R&D spending and firm performance resembles an inversed U-shape. Furthermore, we find this inversed U-shape relationship only exists for non-state-owned firms. Overall, this paper provides guidance and useful suggestions on the efficient allocation of R&D resources for Chinese manufacturing firms. [ABSTRACT FROM AUTHOR]
Databáze:	Complementary Index
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