Making R&D efforts profitable: the role of absorptive capacity and policy implications in an emerging economy setting

Claudio Petti

ECONOMIA E POLITICA INDUSTRIALE, 2014, vol. 2014/2, issue 2, 67-97

Abstract: This paper explores the influence of a firm?s absorptive capacity on the profitability of one thousand ninety-six Chinese firms. In addition to extending the findings of prior studies on the positive effects of absorptive capacity on a firm?s performance in the context of an emerging economy, empirical results support the main hypothesis of the positive mediating role of absorptive capacity in the relationship between R&D efforts and profitability. These effects, together with the attempt to investigate absorptive capacity outside the usual R&D context using a capability-based operationalization, will lead the discussion towards the role of public policies in enhancing the impact of a firm?s internal R&D efforts through sustaining the development of their "soft" absorptive capacity with complementary investments in compensation, motivation and the development of human resources.

Keywords: Ricerca e sviluppo; capacit? assorbitiva; performance; Cina (search for similar items in EconPapers)
JEL-codes: L25 O32 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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