The Impacts of R&D Investment on Company Performance: US vs. Taiwanese Technology-Intensive Industry

I Han () and Cheng-Min Chuang ()
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I Han: Department of International Trade, Feng Chia University, 100, Wenhwa Road, Taichung, Taiwan 407, Taiwan
Cheng-Min Chuang: Graduate Institute of International Business, National Taiwan University, 9F, 85, Roosevelt Road, Sec 4, Taipei, Taiwan 106, Taiwan

Review of Pacific Basin Financial Markets and Policies (RPBFMP), 2011, vol. 14, issue 01, 171-194

Abstract: Based upon the resource-based view and national culture perspectives, this paper investigates the two-way relationship between R&D investment and company performance. We propose that company performance and R&D investment have mutual effects, and the magnitude of these mutual effects varies with different national cultures, different company rewarding systems, and different decision-making patterns of management teams. Related hypotheses are developed and tested on the data of the US and Taiwanese technology-intensive companies during 1998–2003, and are generally supported by the statistical results.

Keywords: R&D investment; company performance; US and Taiwan; technology-intensive company (search for similar items in EconPapers)
JEL-codes: G1 G2 G3 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (9)

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DOI: 10.1142/S0219091511002184

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