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Impact of COVID-19 on Investments by Companies in Research, Development and Innovation: The Case of Lithuania

In: Business Under Crisis, Volume II

Author

Listed:
  • Erika Vaiginiene

    (Vilnius University)

  • Rasa Pauliene

    (Vilnius University)

  • Reda Nausedaite

    (Technopolis Group)

  • Daiva Mazeikaite

    (Vilnius University)

Abstract

The economic lockdown caused by COVID-19 revealed the capacities of some innovation-oriented companies to demonstrate growth instead of decline. National and supranational governments focused their efforts on increasing the numbers of companies resistant to the pandemic. This paper aims to analyse motivational factors which foster Lithuanian companies’ intentions to invest in research and development and innovation (RDI) under conditions of COVID-19 disease caused by the pandemic and economic lockdown. Research results also demonstrate the relationship between the propensity to innovate, investment into research, and partnerships with research institutions. A representative CATI (Computer Assisted Telephone Interviewing) survey of Lithuanian companies (N=510) was completed, in order to analyse the impact of COVID-19 on investments in research, development and innovation by Lithuanian companies. Research results revealed differences in motivational factors between the whole sample and companies that consistently invest in innovations. This Research was funded by Lithuanian Agency for Science, Innovation and Technology and by the Interreg project SMART UP BSR

Suggested Citation

  • Erika Vaiginiene & Rasa Pauliene & Reda Nausedaite & Daiva Mazeikaite, 2022. "Impact of COVID-19 on Investments by Companies in Research, Development and Innovation: The Case of Lithuania," Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business, in: Demetris Vrontis & Alkis Thrassou & Yaakov Weber & S. M. Riad Shams & Evangelos Tsoukatos & Leonidas (ed.), Business Under Crisis, Volume II, chapter 5, pages 91-110, Palgrave Macmillan.
    • Handle: RePEc:pal:pscchp:978-3-030-76575-0_5
    DOI: 10.1007/978-3-030-76575-0_5
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