Publication Type

PhD Dissertation

Version

publishedVersion

Publication Date

8-2022

Abstract

Company innovation has significant consequences for the macroeconomic development of the nation as well as serving as a guide for the creation of innovation strategies at the micro level of enterprises. But because the mechanism linking R&D inputs to firm success has not been completely explored, findings for various samples and sample intervals have varied greatly. Therefore, using the data of listed companies in China from 2009 to 2017 as the research sample, this paper introduces mediating and moderating variables to empirically analyze the mediating effect of innovation output in the correlation between R&D input and firm performance and the moderating effect of firm heterogeneity, including company size, nature of state-owned equity and location. The main findings of this paper are as follows. First, the impact of R&D input on the financial performance and market value performance of listed companies in China is positive, and the impact is lagged in both cases. Second, innovation output plays an important partial mediating role in the relationship between R&D input and company. Third, company size, nature of state-owned equity and location significantly have partial moderating effect on the relationship between R&D input and performance. By investigating the impact of R&D input on financial performance and market performance, and by introducing innovation output as a key mediating variable, my dissertation overcomes the limitation of earlier studies that only looked at the impact of R&D input on company performance. This enriches the research content and broadens the research perspective.

Keywords

innovation input, innovation output, firm performance, firm heterogeneity

Degree Awarded

Doctor of Business Admin

Discipline

Asian Studies | Operations and Supply Chain Management | Technology and Innovation

Supervisor(s)

BHATTACHARYA, Shantanu Hiralal

First Page

1

Last Page

114

Publisher

Singapore Management University

City or Country

Singapore

Copyright Owner and License

Author

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