IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v52y2020i54p5936-5948.html
   My bibliography  Save this article

Research and development investment and operational performance of listed small and medium-sized enterprises in China

Author

Listed:
  • Wunhong Su
  • Xiaobao Song
  • Chun Guo

Abstract

This study aims to investigate the impact of research and development (R&D) investment on the operational performance of small and medium-sized enterprises (SMEs) from 2013 to 2017. The findings show that there is a significant negative relation between R&D investment and the operational performance of SMEs in China. This negative effect lasts for three years subsequent to R&D investment. In addition, there is no positive relation between R&D investment and the operational performance of SMEs. The relation between R&D investment and operational performance appears significantly negative for non-state-owned enterprises (non-SOEs) and SMEs with an R&D investment intensity of more than 5%. However, it is non-significant for state-owned SMEs (SOEs) and SMEs with an R&D investment intensity of less than 5%. The two-stage method of the Heckman test and propensity score matching (PSM) are employed in this study to exclude problems of endogeneity, and the results remain robust.

Suggested Citation

  • Wunhong Su & Xiaobao Song & Chun Guo, 2020. "Research and development investment and operational performance of listed small and medium-sized enterprises in China," Applied Economics, Taylor & Francis Journals, vol. 52(54), pages 5936-5948, November.
    • Handle: RePEc:taf:applec:v:52:y:2020:i:54:p:5936-5948
    DOI: 10.1080/00036846.2020.1781771
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00036846.2020.1781771
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036846.2020.1781771?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yabin Yu & Qian Xu, 2022. "Influencing Factors of Enterprise R&D Investment: Post-Subsidy, Sustainability, and Heterogeneity," Sustainability, MDPI, vol. 14(10), pages 1-14, May.
    2. Xingqiang Du & Liang Xiao & Yingjie Du, 2023. "Does CEO–Auditor Dialect Connectedness Trigger Audit Opinion Shopping? Evidence from China," Journal of Business Ethics, Springer, vol. 184(2), pages 391-426, May.
    3. Guo, Chun & Su, Wunhong & Song, Xiaobao & Hu, Xingxing, 2022. "Heterogeneous debt financing and environmental research & development: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 82(C), pages 65-81.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:52:y:2020:i:54:p:5936-5948. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.