Hysteresis Effects of R&D Expenditures and Patents on Firm Performance: An empirical study of Hsinchu Science Park in Taiwan

被引：7
|
作者：
Huang, Shi-Zheng [1 ]
Wu, Tung-Ju [2 ,3 ]
Tsai, Hsien-Tang [4 ]
机构：
[1] Univ Elect Sci & Technol China, Management Sch, Zhongshan Inst, Zhong Shan, Peoples R China
[2] Huaqiao Univ, Coll Business Adm, Quanzhou 362021, Peoples R China
[3] Huaqiao Univ, Business Management Res Ctr, Quanzhou 362021, Peoples R China
[4] Natl Sun Yat Sen Univ, Dept Business Management, Kaohsiung, Taiwan
来源：
FILOMAT | 2016年 / 30卷 / 15期
关键词：
Users anthropology knowledge sharing intention; users community; user support; empirical research; subjective norm; DEVELOPMENT EFFICIENCY; INNOVATION; KNOWLEDGE; ENVIRONMENT; SPILLOVERS; MANAGEMENT; INDUSTRY; MARKET; LEVEL;
D O I：
10.2298/FIL1615265H
中图分类号：
O29 [应用数学];
学科分类号：
070104 ;
摘要：
R&D expenditures and patents are important means to improve an enterprises capacity in technological innovation, and are also drivers for sustainable development of a country. This study investigated R&D expenditures, patent quantity and performance of the top six industries in Taiwans Hsinchu Science Park for the period of 1988-2011. VAR model was used to analyze the relationship between R&D expenditures, patent and performance, and the hysteresis effect. The results showed that the governments R&D expenditures and patent quantity have a long-term and stable relationship with performance, as well as a positive correlation with performance, and a hysteresis effect on performance. The hysteresis effect of R&D expenditures and patents on performance is significantly different in different industries. These findings suggest that the governments R&D expenditures can bring economic effects to enterprises and improve enterprises innovation capacity. Thus, both government and enterprises should attach importance to R&D expenditures.
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页码：4265 / 4278
页数：14
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