R&D investment, firm performance and moderating role of system and safeguard: Evidence from emerging markets
Abstract
The relationship between R&D and firm performance is highly dependent on the external environment. Therefore, this paper examined the effects of country level investor protection (safeguards) and governance mechanisms (systems) on the relationship between R&D and firm performance. Using GMM estimation and elasticity testing of panel data for 423 firms from 12 emerging countries, we find that a country's safeguards tend to moderate the...
Paper Details
Title
R&D investment, firm performance and moderating role of system and safeguard: Evidence from emerging markets
Published Date
Jan 1, 2020
Journal
Volume
106
Pages
94 - 105
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