|
Exploring the Direct and Indirect Relationship between R&D Collaboration and Firm Performance
Cheng - Jen Huang,
National Chengchi University And Tunghai University
ABSTRACT. The purpose of this paper is to extend the prior literature to establish a research framework of R&D collaboration - R&D investment - innovation – financial performance chain and test the direct and indirect relationship between R&D collaboration and financial performance. Using Taiwan’s high-technology industry as a research sample, I find that R&D collaborative firms increase their R&D investments. I also find evidence that firms engaging in R&D collaboration have a positive relationship with innovation and financial performance. Finally, I find that the relationship between R&D collaboration and financial performance is mediated by R&D investments and innovation. However, innovation explains a larger portion of performance than R&D investments and is a superior leading indicator of future financial performance.
Full-Text is no longer available online. Please contact the author(s) for more information about this manuscript.
Back to Session Listing
|