Analysis of the Relationship between R&D and Company Performance
| Thesis title: | Analysis of the Relationship between R&D and Company Performance |
|---|---|
| Author: | Weber, Nadine |
| Thesis type: | Diploma thesis |
| Supervisor: | Tyll, Ladislav |
| Opponents: | Balogh, Ivan |
| Thesis language: | English |
| Abstract: | Research and development (R&D) activities are crucial to remain competitive. Extant literature presents divergent views on R&D’s contribution to company performance, specifically profitability and hints at cultural differences in approaching R&D led to analyze such relationship within a regional comparison between Europe and Asia. Filling the research gap focusing on the Technology, Media and Telecommunication (TMT) sector, the study evaluated a sample of 132 Asian and European companies operating in the TMT sector for the 2018 – 2022 period. Using panel generalized method of moments (P-GMM), results showed R&D intensity had a positive but statistically insignificant impact on profitability, but a positive and significant effect on capital market performance. Notably, Asian firms' R&D intensity had a more pronounced impact on performance, supporting literature’s view on cultural differences in R&D strategies. |
| Keywords: | Research and Development; Profitability; Capital Market Performance; TMT Sector ; Panel Generalized Methods of Moments |
| Thesis title: | Analysis of the Relationship between R&D and Company Performance |
|---|---|
| Author: | Weber, Nadine |
| Thesis type: | Diplomová práce |
| Supervisor: | Tyll, Ladislav |
| Opponents: | Balogh, Ivan |
| Thesis language: | English |
| Abstract: | Research and development (R&D) activities are crucial to remain competitive. Extant literature presents divergent views on R&D’s contribution to company performance, specifically profitability and hints at cultural differences in approaching R&D led to analyze such relationship within a regional comparison between Europe and Asia. Filling the research gap focusing on the Technology, Media and Telecommunication (TMT) sector, the study evaluated a sample of 132 Asian and European companies operating in the TMT sector for the 2018 – 2022 period. Using panel generalized method of moments (P-GMM), results showed R&D intensity had a positive but statistically insignificant impact on profitability, but a positive and significant effect on capital market performance. Notably, Asian firms' R&D intensity had a more pronounced impact on performance, supporting literature’s view on cultural differences in R&D strategies. |
| Keywords: | Research and Development; Profitability; Capital Market Performance; Panel Generalized Methods of Moments; TMT Sector |
Information about study
| Study programme: | International Management |
|---|---|
| Type of study programme: | Magisterský studijní program |
| Assigned degree: | Ing. |
| Institutions assigning academic degree: | Vysoká škola ekonomická v Praze |
| Faculty: | Faculty of Business Administration |
| Department: | Department of strategy |
Information on submission and defense
| Date of assignment: | 10. 12. 2022 |
|---|---|
| Date of submission: | 24. 8. 2023 |
| Date of defense: | 5. 10. 2023 |
| Identifier in the InSIS system: | https://insis.vse.cz/zp/83079/podrobnosti |