Internationalisation of R&D activities: A boon or bane?
We address this important research gap by comparing the impact of R&D investments and international R&D presence on both short and long term firm performance with particular attention on the firms’ export performance, while controlling for a wide range of variables, including firm size, i...
| Main Authors: | , |
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| Format: | Conference Paper |
| Published: |
2020
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| Online Access: | http://hdl.handle.net/20.500.11937/79824 |
| _version_ | 1848764110970290176 |
|---|---|
| author | Sharma, Piyush Leung, Tak Yan |
| author_facet | Sharma, Piyush Leung, Tak Yan |
| author_sort | Sharma, Piyush |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | We address this important research gap by comparing the impact of R&D investments and
international R&D presence on both short and long term firm performance with particular
attention on the firms’ export performance, while controlling for a wide range of variables,
including firm size, industry type, level of patenting activity etc. We argue that R&D investment
would have a stronger positive effect on the long-term (vs. short-term) firm performance and no
significant effect on export performance. We also hypothesize that international R&D presence
would have a significant stronger positive effect on export performance than on short and longterm firm performance. Using 1,540 firm-year observations from a balanced panel of 385
privately-owned firms in a patent-intensive industry, listed on the Shanghai and Shenzhen stock
exchanges, we find support for all our hypotheses. Specifically, R&D investment has a negative
effect on short-term performance (profitability), a positive effect on long-term performance (firm
value) and no significant effect on export performance. In contrast, international R&D presence
has a significantly stronger positive effect on export performance than on short-term and longterm firm performance. We discuss the conceptual contribution and managerial implications of
our findings along with their limitations and some useful directions for future research. |
| first_indexed | 2025-11-14T11:14:09Z |
| format | Conference Paper |
| id | curtin-20.500.11937-79824 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:14:09Z |
| publishDate | 2020 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-798242025-01-17T07:35:01Z Internationalisation of R&D activities: A boon or bane? Sharma, Piyush Leung, Tak Yan We address this important research gap by comparing the impact of R&D investments and international R&D presence on both short and long term firm performance with particular attention on the firms’ export performance, while controlling for a wide range of variables, including firm size, industry type, level of patenting activity etc. We argue that R&D investment would have a stronger positive effect on the long-term (vs. short-term) firm performance and no significant effect on export performance. We also hypothesize that international R&D presence would have a significant stronger positive effect on export performance than on short and longterm firm performance. Using 1,540 firm-year observations from a balanced panel of 385 privately-owned firms in a patent-intensive industry, listed on the Shanghai and Shenzhen stock exchanges, we find support for all our hypotheses. Specifically, R&D investment has a negative effect on short-term performance (profitability), a positive effect on long-term performance (firm value) and no significant effect on export performance. In contrast, international R&D presence has a significantly stronger positive effect on export performance than on short-term and longterm firm performance. We discuss the conceptual contribution and managerial implications of our findings along with their limitations and some useful directions for future research. 2020 Conference Paper http://hdl.handle.net/20.500.11937/79824 restricted |
| spellingShingle | Sharma, Piyush Leung, Tak Yan Internationalisation of R&D activities: A boon or bane? |
| title | Internationalisation of R&D activities: A boon or bane? |
| title_full | Internationalisation of R&D activities: A boon or bane? |
| title_fullStr | Internationalisation of R&D activities: A boon or bane? |
| title_full_unstemmed | Internationalisation of R&D activities: A boon or bane? |
| title_short | Internationalisation of R&D activities: A boon or bane? |
| title_sort | internationalisation of r&d activities: a boon or bane? |
| url | http://hdl.handle.net/20.500.11937/79824 |