Document Type
Article
Version Deposited
None (link only)
Publication Date
Fall 1995
Publication Title
The Journal of High Technology Management Research
DOI
10.1016/1047-8310(95)90013-6
Abstract
The purpose of this study is to investigate the impact of R&D on a firm's longrun performance and competitiveness within the U.S. and Japanese high-tech industries. First, we examine whether there is a positive relationship between R&D expenditures and a firm's long-run performance (i.e., market growth). We then search for a systematic difference in this relationship between two different economic environments, the U.S. and Japan. Furthermore, the interacting (moderating) effect of R&D on the firm's competitive structure and performance is explored. That is, how R&D moderates the linkage between the selected strategies and firms' performance. We find the results indicate a positive relationship between R&D expenditures and a firm's market growth, but one that is constant only in Japan.
Recommended Citation
Lee, J. & Shim, E. Moderating effects of R&D on corporate growth in U.S. and Japanese hi-tech industries: An empirical study. The Journal of High Technology Management Research, Volume 6, Issue 2, Autumn 1995, Pages 179-191.
