Version 1
: Received: 6 February 2024 / Approved: 6 February 2024 / Online: 6 February 2024 (13:07:44 CET)
How to cite:
Jiang, E.; Li, Z. The Effect of R&D Investment of Chinese Companies on Business Innovation Performance. Preprints2024, 2024020370. https://doi.org/10.20944/preprints202402.0370.v1
Jiang, E.; Li, Z. The Effect of R&D Investment of Chinese Companies on Business Innovation Performance. Preprints 2024, 2024020370. https://doi.org/10.20944/preprints202402.0370.v1
Jiang, E.; Li, Z. The Effect of R&D Investment of Chinese Companies on Business Innovation Performance. Preprints2024, 2024020370. https://doi.org/10.20944/preprints202402.0370.v1
APA Style
Jiang, E., & Li, Z. (2024). The Effect of R&D Investment of Chinese Companies on Business Innovation Performance. Preprints. https://doi.org/10.20944/preprints202402.0370.v1
Chicago/Turabian Style
Jiang, E. and ZhengGuang Li. 2024 "The Effect of R&D Investment of Chinese Companies on Business Innovation Performance" Preprints. https://doi.org/10.20944/preprints202402.0370.v1
Abstract
This study aims to analyse whether Chinese companies' R&D investment affects management innovation performance. Also, this dissertation defines management innovation as diversification strategies such as technology and industry diversification and analyzes the impact of these diversification strategies. In particular, this paper analyzes whether R&D investment leads to technology and industry diversification and whether technology diversification creates a mediating effect in the process of R&D investment leading to industry diversification. The analysis results can be summarized as follows: First, R&D investment showed a significant positive relationship with industry diversification. Second, R&D investment shows a significantly positive relationship with technology diversification. Third, technology and industry diversification showed a positive relationship. Fourth, this study examined the mediating role of technology diversification, and it was confirmed that technology diversification plays a mediating role in the effect of R&D investment on industry diversification. R&D investment and business innovation play a key role in the sustainable development of enterprises, and the findings of this paper have important reference value for enterprises' R&D investment decision-making. The results of this study provide the following implications that Chinese companies improve business innovation performance by increasing their R&D investment, promoting innovative R&D, and improving technology diversification and industry diversification strategies.
Keywords
R&D Investment; Industry Diversification; Technology Diversification; Business Innovation.
Subject
Business, Economics and Management, Accounting and Taxation
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
