頁籤選單縮合
題 名 | Clarifying the Effects of R&D on Performance: Evidence from the High Technology Industries |
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作 者 | Wang, Chao-hung; | 書刊名 | Asia Pacific Management Review |
卷 期 | 16:1 2011.03[民100.03] |
頁 次 | 頁51-64 |
分類號 | 555.8 |
關鍵詞 | R&D; Performance; Optimal; Threshold; |
語 文 | 英文(English) |
英文摘要 | It has been assumed that there is a clear linear causal effect of research and development (R&D) on performance. However, recent empirical studies have shown both a positive relationship, which suggests an increase in R&D leading to improved performance, as well as a negative relationship, which suggests an increase in R&D resulting in poor performance. Therefore, the evidence for this assumption is not as clear-cut as might be expected, despite a number of efforts to validate it. This paper proposes a new unified nonlinear relationship that incorporates both effects (optimal and threshold) into the proposed model. In examining a panel data of high-technology industry, the relationship between R&D and performance could be graphically depicted as an inverse S-shaped nonlinearity. Our empirical findings also confirmed not only an optimal effect that a specific level of R&D corresponded to maximum performance, but also a threshold indicating that a minimum level of R&D is required in order for R&D to be effective. |
本系統中英文摘要資訊取自各篇刊載內容。