Regional development, innovation systems and service companies' performance

被引:5
作者
Afrifa, Godfred Adjapong [1 ]
Amankwah-Amoah, Joseph [2 ]
Yamoah, Fred [3 ]
Acquaye, Adolf [4 ]
Syllias, Johnny [2 ]
Quaye, Enoch Nii Boi [5 ]
机构
[1] Univ Kent, Kent Business Sch, Canterbury CT2 7PE, Kent, England
[2] Univ Kent, Kent Business Sch, Canterbury ME4 4TE, Kent, England
[3] Birkbeck Univ London, London WC1E 7HX, England
[4] Rochester Inst Technol, Dept Mech & Ind Engn, Dubai, U Arab Emirates
[5] Univ Bristol, Sch Accounting & Finance, 15-19 Tyndalls Pk Rd, Bristol BS8 1PQ, Avon, England
关键词
Host-country innovation; International trade; Performance; Service companies; RESEARCH-AND-DEVELOPMENT; DEVELOPMENT INTENSITY; FIRM PERFORMANCE; INTERNATIONAL DIVERSIFICATION; PRODUCT INNOVATION; GLOBAL DIVERSIFICATION; INSTITUTIONS MATTER; MULTINATIONALITY; IMPACT; PERSPECTIVE;
D O I
10.1016/j.techfore.2021.121258
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper examines the impact of firm-level research and development (R&D) and country-level innovation on the relationship between geographic scope and financial performance. Using econometric estimation to analyze data from a sample of 339 United Kingdom (UK) service companies over the period from 2011 to 2017, we found a concave relationship between geographic scope and financial performance. Moreover, the results indicated that UK service companies that increase their R&D expenditure accrue a higher performance from higher geographic scope. This is because the relationship becomes convex but the foreign country's innovation has no direct effect on UK service companies' performance. Additional results showed that performance differences from geographic scope and the influence of firm-level R&D and country-level innovation exist between SMEs and large firms, and between private and public firms.
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页数:14
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