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

被引：8

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.

引用

页码：4265 / 4278

页数：14

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