The impact of R&D expenditures on corporate performance : evidence from Slovenian and world R&D companies

Ravšelj, Dejan (avtor), Aristovnik, Aleksander (avtor)

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.

• Jezik: Angleški jezik
• Ključne besede: R&D expenditures, operating performance, market performance, multiple regression analysis, Slovenia, OECD
• Vrsta gradiva: Članek v reviji
• Tipologija: 1.01 - Izvirni znanstveni članek
• Organizacija: FU - Fakulteta za upravo
• Status publikacije: Objavljeno
• Različica publikacije: Objavljena publikacija
• Leto izida: 2020
• Št. strani: 20 str.
• Številčenje: Vol. 12, iss. 5, art. 1943
• PID: 20.500.12556/RUL-125573
• UDK: 33
• ISSN pri članku: 2071-1050
• DOI: 10.3390/su12051943
• COBISS.SI-ID: 5406894
• Datum objave v RUL: 26.03.2021

Gradivo je del revije

• Naslov: Sustainability
• Skrajšan naslov: Sustainability
• Založnik: MDPI
• ISSN: 2071-1050
• COBISS.SI-ID: 5324897

Licence

• Licenca: CC BY 4.0, Creative Commons Priznanje avtorstva 4.0 Mednarodna
• Povezava: http://creativecommons.org/licenses/by/4.0/deed.sl
• Opis: To je standardna licenca Creative Commons, ki daje uporabnikom največ možnosti za nadaljnjo uporabo dela, pri čemer morajo navesti avtorja.
• Začetek licenciranja: 03.03.2020

Sekundarni jezik

• Jezik: Slovenski jezik
• Ključne besede: izdatki za raziskave in razvoj, uspešnost poslovanja, tržna učinkovitost, regresijska analiza panelnih podatkov, Slovenija, OECD

Projekti

• Financer: ARRS - Agencija za raziskovalno dejavnost Republike Slovenije
• Številka projekta: P5-0093
• Naslov: Razvoj sistema učinkovite in uspešne javne uprave