The Effect of R&D Investments and Patents on the Financial Performance of Latin American Firms

Q3 Business, Management and Accounting

Latin American Business Review Pub Date : 2021-01-02 DOI:10.1080/10978526.2020.1761258

F. Paula, Rodrigo Jorge Silva Rocha

引用次数: 13

Abstract

Abstract This paper investigates the influence of internal R&D and patent applications by Latin American firms on firm performance. Patents should have a positive direct influence on performance. Internal R&D, in turn, should have a positive direct and indirect influence (mediated by patents) as R&D generates innovations regardless of whether they are patented or not. A sample of 751 firms from six Latin American countries showed that when performance is measured by turnover growth, internal R&D has a positive influence and patents have a negative influence. Internal R&D also affects patents, showing a negative indirect influence on performance. The discussions that follow seek to explain these unexpected results.

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研发投资与专利对拉美企业财务绩效的影响

摘要本文研究了拉丁美洲企业内部研发和专利申请对企业绩效的影响。专利应该对性能产生积极的直接影响。反过来，内部研发应该具有积极的直接和间接影响（由专利介导），因为无论是否获得专利，研发都会产生创新。来自六个拉丁美洲国家的751家公司的样本显示，当业绩以营业额增长来衡量时，内部研发具有积极影响，专利具有消极影响。内部研发也会影响专利，表现出对业绩的负面间接影响。接下来的讨论试图解释这些意想不到的结果。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Latin American Business Review Business, Management and Accounting-Business and International Management

CiteScore

2.40

自引率

0.00%

发文量

期刊介绍： Latin American Business Review is a quarterly, refereed journal which facilitates the exchange of information and new ideas between academics, business practitioners, public policymakers, and those in the international development community. Special features of the journal will keep you current on various teaching, research, and information sources. These activities all focus on the business and economic environment of the diverse and dynamic countries of the Americas.