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The impact of COVID-19 on corporate research quotient: evidence from Chinese firms

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Warianty tytułu
PL
Wpływ COVID-19 na korporacyjny iloraz badawczy: dowody z chińskich firm
Języki publikacji
EN
Abstrakty
EN
Innovation plays a vital role in the development of firms. The Chinese firms' research and development (RandD) investments have been quite high, so it is also very novel to study the efficiency of RandD investment of Chinese firms. There are 4975 Chinese listed firms and 274 Chinese concept firms listed in the United States considered to be analyzed. Chinese and American-listed firms were chosen for the research quotient (RQ) characteristics. Creatively researching the impact of COVID-19 on the research quotient. The results concluded that Chinese firms' revenue has effectively been improved by the firms' RandD expenditures. In addition, there was no evidence that large firms had greater RQ than small and medium-sized enterprises (SMEs). Due to the effect of COVID-19, the RQ of all firms fell, but the effect in SMEs was significantly smaller than in large firms.
PL
Innowacje odgrywają istotną rolę w rozwoju firm. Inwestycje chińskich firm w badania i rozwój (RandD) są dość wysokie, dlatego też bardzo nowatorskim podejściem jest badanie efektywności inwestycji w RandD chińskich firm. Do analizy brano pod uwagę 4975 chińskich firm notowanych na giełdzie oraz 274 chińskie firmy koncepcyjne notowane w Stanach Zjednoczonych. Chińskie i amerykańskie firmy giełdowe zostały wybrane ze względu na charakterystykę ilorazu badawczego (RQ). Kreatywne badanie wpływu COVID19 na iloraz badawczy. Wyniki wykazały, że przychody chińskich firm zostały skutecznie zwiększone dzięki wydatkom firm na RandD. Ponadto nie było dowodów na to, że duże firmy miały większy RQ niż małe i średnie przedsiębiorstwa (MŚP). Biorąc pod uwagę wpływ COVID-19, RQ wszystkich firm spadł bez względu na ich wielkość, jednakże spadek RQ w MŚP był znacznie mniejszy niż w dużych firmach.
Rocznik
Strony
189--203
Opis fizyczny
Bibliogr. 26 poz., tab.
Twórcy
autor
  • Faculty of Business Finance and Information Technology,MAHSA University, Malaysia
  • Universiti Kuala Lumpur Business School, Malaysia
autor
  • College of Business, Government and Law, Flinders University, Adelaide 5042, Australia
Bibliografia
  • 1.Agustia, D., Sawarjuwono, T. and Dianawati, W., (2019). The mediating effect of environmental management accounting on green innovation-Firm value relationship. International Journal of Energy Economics and Policy, 9(2), 299-306.
  • 2.Ceylan, R.F., Ozkan, B. and Mulazimogullari, E., (2020). Historical evidence for economic effects of COVID-19. The European Journal of Health Economics, 21, 817-823.
  • 3.Cheng L. W., Dai X. Y., (2012). Analysis of the Distribution Characteristics of RandD Investment and the Influencing Factors of RandD Investment Intensity - Based on the Panel Data of 300,000 Industrial Firms in my country. China Soft Science, 8, 152-165.
  • 4.Chit, M.M., Croucher, R. and Rizov, M., (2023). Surviving the COVID‐19 pandemic: The antecedents of success among European SMEs. European Management Review, 20(1), 113-127.
  • 5.Civelek, M., Krajčík, V. and Fialova, V., (2023). The impacts of innovative and competitive abilities of SMEs on their different financial risk concerns: System approach. Oeconomia Copernicana, 14(1), 327-354.
  • 6.Cooper, M., Knott, A. M. and Yang, W., (2022). RQ innovative efficiency and firm value. Journal of Financial and Quantitative Analysis, 57(5), 1649-1694.
  • 7.Corchuelo Martínez-Azúa, B., López-Salazar, P. E. and Sama-Berrocal, C., (2021). Impact of the COVID-19 pandemic on agri-Food companies in the Region of Extremadura (Spain). Agronomy, 11(5), 971.
  • 8.Dao, L. T., Hang, N. P. T., (2022). Factors Affecting Tax Compliance Of Enterprises During the Covid-19 Pandemic in Vietnam. Montenegrin Journal of Economics, 18(4), 7-17.
  • 9.Donthu, N., Gustafsson, A., (2020). Effects of COVID-19 on business and research. Journal of Business Research, 117, 284-289.
  • 10.Goldense, B. L., (2018). Improve RandD spending and productivity with the research quotient model. IEEE Engineering Management Review, 46(1), 29-31.
  • 11.Graebner, M. E., Knott, A. M., Lieberman, M. B. and Mitchell, W., (2023). Empirical inquiry without hypotheses: A question‐driven, phenomenon‐based approach to strategic management research. Strategic Management Journal, 44(1), 3-10.
  • 12.Halmai, P., (2022). COVID-19 Crisis and Supply Side Bottlenecks in the EU. Shorter and Longer Term Prospects. Montenegrin Journal of Economics, 18(4), 19-30.
  • 13.Jin, G., Xu, J., Liu, F., Haris, M. and Weqar, F., (2022). Does RandD investment moderate the relationship between the COVID-19 pandemic and firm performance in Chinese hightech industries? Based on DuPont components. Technology Analysis and Strategic Management, 34(12), 1464-1478.
  • 14.Ključnikov, A., Civelek, M., Fialova, V. and Folvarčná, A., (2021). Organizational, local, and global innovativeness of family-owned SMEs depending on firm-individual level characteristics: evidence from the Czech Republic. Equilibrium. Quarterly Journal of Economics and Economic Policy, 16(1), 169-184.
  • 15.Knott, A. M., Vieregger, C., (2018). Reconciling the firm size and innovation puzzle. US Census Bureau Center for Economic Studies Paper No. CES-WP-16-20.
  • 16.Kolkova, A., Rozehnal, P., (2022). Hybrid demand forecasting models: pre-pandemic and pandemic use studies. Equilibrium. Quarterly Journal of Economics and Economic Policy, 17(3), 699-725.
  • 17.Li, X., He, X., Zhou, L. and Xie, S., (2022). Impact of Covid-19s on Firm Innovation: An Analysis of COVID-19 and SARS. Sustainability, 14(9), 5223.
  • 18.Mao, S., Kremantzis, M. D., Kyrgiakos, L. S. and Vlontzos, G., (2022). RandD Performance Evaluation in the Chinese Food Manufacturing Industry Based on Dynamic DEA in the COVID-19 Era. Agriculture, 12(11), 1938.
  • 19.National Development and Reform Commission., (2023).
  • 20.https://en.ndrc.gov.cn/ NSF., (2022).
  • 21.https://www.nsf.gov/pubs/2023/nsf23002/tables.jsp
  • 22.Qin ,Z. N., (2022).The relationship between financial flexibility, RandD investment and corporate performance, Economist,11,8-13.
  • 23.Roper, S., Turner, J., (2020). RandD and innovation after COVID-19: What can we expect? A review of prior research and data trends after the great financial crisis. International Small Business Journal, 38(6), 504-514.
  • 24.Santero-Sánchez, R., Pérez-Ruiz, S. and Marcos Calvo, M. A., (2022). Development and cohesion in Spanish regions. An analysis before and after the Great Recession. Journal of International Studies, 15(1), 133-148.
  • 25.Zandi, G., Shahzad, I., Farrukh, M. and Kot, S., (2020). Supporting role of society and firms to COVID-19 management among medical practitioners. International Journal of Environmental Research and Public Health, 17(21),796.
  • 26.Zandi, G., Shakhim, F. R., Mohamed, Z. and Alshargawi, A. S., (2022). Comparison between the Conventional Partial Least Squares (Pls) and the Robust Partial Least Squares (RplsSem) Through Winsorization Approach. Journal of Information Technology Management, 14(4), 87-94.
  • 27.Zhao, Xu, X., (2022). The impact of innovation-driven policy and RandD investment on corporate performance. Financial Supervision, 21,98-104.
Uwagi
Opracowanie rekordu ze środków MNiSW, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2024).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-cff68d93-1f8c-4a77-812a-abda714c0dbf
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