Differences in the impact of R&D intensity and R&D internationalization on firm performance – Mediating role of innovation performance
Abstract
This paper investigates the mediating role of innovation performance in the effects of R&D intensity and R&D internationalization on firm performance, using 1540 firm-year observations from a balanced panel of 385 privately-owned firms listed on the Shanghai and Shenzhen stock exchanges. Results show a negative effect of R&D intensity on short-term (profitability) and positive effect on long-term (firm value) financial performance but no...
Paper Details
Title
Differences in the impact of R&D intensity and R&D internationalization on firm performance – Mediating role of innovation performance
Published Date
Jul 1, 2021
Journal
Volume
131
Pages
81 - 91
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