Research and development investment strategy and market performance
- Keywords:
- research and development investment strategy, market performance, government, business, innovation projects
- Abstract
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In this study, we aimed to analyze research and development (R&D) business strategy with regard to investment funded by the government or by the business itself in relation to market performance. Because these 2 types of subsidized and nonsubsidized R&D may have important implications for market performance, it is worth considering their differences. In this paper empirical evidence is provided of the relationships among government-funded R&D, private enterprise-funded R&D, and market performance in innovation projects. Regression analysis was used to test the hypotheses using a sample of 500 projects. The results indicate that market performance of businesses that fund their own R&D is statistically and significantly greater than that of high investment by government in R&D. Finally, managerial implications and possible future research directions are discussed.
- References
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- Published
- 2010-03-01
- Issue
- Volume 38, 2010, Issue 2
- Section
- Articles
- License
-
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