University of Twente Student Theses
The impact of R&D investment on firm performance: a comparison of high- and non-high-tech SMEs
Zwaferink, Louk (2019) The impact of R&D investment on firm performance: a comparison of high- and non-high-tech SMEs.
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| Abstract: | This paper investigates whether there is a difference in the impact of R&D investment on firm performance in high-tech and non-high-tech small and medium-sized enterprises (SMEs). I apply the pooled ordinary least squares (OLS) regression method concerning OECD countries with 1502 high-tech firm years and 3501 non-high-tech firm years during the period 2009-2017. My findings show that R&D intensity is negatively associated with firm performance, for both high-tech and non-high-tech SMEs. The impact of R&D intensity on firm performance is greater for high-tech SMEs. I also find that smaller, older and higher leveraged SMEs restrict firm performance more quickly than bigger, younger and less leveraged SMEs, for both high-tech and non-high-tech SMEs. However, firm age has a greater impact in non-high-tech SMEs and firm size has a greater impact in high-tech SMEs. |
| Item Type: | Essay (Master) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | Business Administration MSc (60644) |
| Link to this item: | https://purl.utwente.nl/essays/78381 |
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