The impact of the effective R&D capability on the inefficient R&D investment and firm performance with the moderation effect by intangible assets and R&D intensity: Evidence from US manufacturing firms

• 발행기관: 한국인사조직학회
• 저자명: Jinho Park Byungchul Choi
• 간행물 정보: 『한국인사조직학회 발표논문집』한국인사조직학회 2019년도 추계학술연구발표회 발표논문집, 1~33쪽, 전체 33쪽
• 주제분류: 경제경영 > 경영학
• 파일형태: PDF
• 발행일자: 2019.09.30

영문 초록

Sustaining the effective R&D capability higher than those of rivals has received steady attention from researcher in the field of strategy and innovation since it has significant impact on a firm’s sustainable competiveness and the growth of economy. In this study, we investigate what context accelerate firms with effective R&D capability not to achieve optimal spending R&D investment and the impact of financial status on the relations of effective R&D capability to the firm performance by using the concept of Research Quotient (RQ). We find that while the effective R&D capability leads firms to deviate from optimal R&D spending and this association is positively moderated by intangible assets of the firm, the effective R&D capability leads firms to enhance the firm performance and this association is positively moderated by the R&D intensity of the firm. Our study offers extensions of prior research on exploration-exploitation and behavioral theory for innovation.

목차

1. Introduction

2. The Effective R&D Capability and the Need of Separation Approach

3. Theoretical Background and Hypotheses

4. Method

5. Results

키워드

R&D effectiveness R&D inefficiency Over-Exploration Intangible Assets R&D intensity Firm Performance