Journal
REVIEW OF PACIFIC BASIN FINANCIAL MARKETS AND POLICIES
Volume 14, Issue 1, Pages 171-194Publisher
WORLD SCIENTIFIC PUBL CO PTE LTD
DOI: 10.1142/S0219091511002184
Keywords
R&D investment; company performance; US and Taiwan; technology-intensive company
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- National Cheng Kung University [HUA99-3-6-152]
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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.
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