Moderating effects of R&D on corporate growth in U.S. and Japanese hi-tech industries: An empirical study

Jooh Lee, Eunsup Shim

Research output: Contribution to journalArticlepeer-review

27 Scopus citations

Abstract

The purpose of this study is to investigate the impact of R&D on a firm's longrun performance and competitiveness within the U.S. and Japanese high-tech industries. First, we examine whether there is a positive relationship between R&D expenditures and a firm's long-run performance (i.e., market growth). We then search for a systematic difference in this relationship between two different economic environments, the U.S. and Japan. Furthermore, the interacting (moderating) effect of R&D on the firm's competitive structure and performance is explored. That is, how R&D moderates the linkage between the selected strategies and firms' performance. We find the results indicate a positive relationship between R&D expenditures and a firm's market growth, but one that is constant only in Japan.

Original languageEnglish (US)
Pages (from-to)179-191
Number of pages13
JournalJournal of High Technology Management Research
Volume6
Issue number2
DOIs
StatePublished - 1995
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Computer Science Applications
  • Strategy and Management
  • Information Systems and Management
  • Marketing
  • Management of Technology and Innovation

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