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کد محصول: M806
قیمت فایل ترجمه شده: برای اطلاع از هزینه و مدت زمان انجام ترجمه با پشتیبانی وب سایت تماس حاصل نمایید (۰۹۳۷۲۵۵۵۲۴۰)
تعداد صفحه انگلیسی: ۱۰
سال نشر: ۲۰۱۸
مقاله انگلیسی ۲۰۱۸ : نوآوری، تحقیق و توسعه، و سودآوری شرکت در تایوان: علل و عوامل
Innovation, research and development, and firm profitability in Taiwan: Causality and determinants
Using data from Taiwanese manufacturing firms for the 2000–۲۰۱۵ period, the results of the system-generalised method of moments revealed the direction of causality from a firm’s innovative activities to firm profitability. This study also revealed that the profitability of innovative firms surpassed that of noninnovative firms by employing propensity score matching. We further observed a short-term profit-enhancing effect of a firm obtaining a patent after controlling for firm heterogeneity and the endogeneity problem. Our results indicate that firms that invested in research and development successfully obtained patents, and the protection granted by government-issued patents improved their profitability. These findings have strong policy-related implications; innovation policymakers in the government should ensure a favourable industrial environment that focuses on giving firms incentives to improve performance.
The concept of innovation has attracted substantial interest from academics and policy makers since the publication of Schumpeter’s (1942) seminal work. Innovation is widely considered a major driving force behind economic growth and industrial evolution. In recent years, firms have invested in innovative behaviour to enhance their competitiveness. Firms that possess successful research and development (R&D) strategies and patent rights can exclusively profit from their patented products within specific periods, in accordance with government regulations.
Product improvements or technological advancements in novel production procedures enable firms to obtain a relative advantage in the market, thereby facilitating improved firm operations and an increase in profits (Nas & Leppälahti, 1997). Consequently, innovative firms can protect products that involve innovation investments and avoid profit losses from intraindustry competition. In addition, because innovative firms can introduce diverse innovations over a long term, they maintain a high profit standard (Love, Roper, & Du, 2009).
Although a spill-over effect occurs in the process of successful R&D, competitive limitations may reduce the profits to which firms are entitled. Furthermore, R&D investment involves focusing on unknown research targets. In addition to the inherently high risks involved, innovative firms must bear the considerable cost of R&D failures, which reduce their expected profits (Czarnitzki & Kraft, 2010). Therefore, the influence of innovative behaviour input and output on firm profitability requires further investigation.