The impact of R&D on value added for domestic and foreign firms in a newly industrialized economy

Eric W.K. Tsang, Paul S.L. Yip and Mun Heng Toh

International Business Review, 2008, vol. 17, issue 4, 423-441

Abstract: This study compares the impact of R&D on value added between domestic and foreign firms in Singapore. The analysis is based on a comprehensive panel database from 1993 to 1999 provided by the Singapore Government. Our results found that R&D investments of foreign firms generated higher value added than those of domestic firms, and that the difference in value added contributed by R&D was moderated by the type of R&D and the technological level of industry. The study supports the argument that the ownership advantages possessed by foreign firms, relative to domestic firms, have positive effects on R&D performance.

Keywords: Newly; industrialized; economy; Ownership; advantage; R&D; Singapore; Value; added (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (13)

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