Unlocking the Secrets of Profitability: Investigating the Role of Research and Development

Jurnal Manajemen Teori dan Terapan Pub Date : 2023-08-21 DOI:10.20473/jmtt.v16i2.44958

Faizul Mubarok, Zulkifli Sultan, M. Wibowo, Sippavit Wongsuwatt

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Abstract

Objective: The manufacturing sector is crucial for the development of emerging economies. This study aims to examine how research and development influence the firm's financial performance of manufacturing firms. Design/Methods/Approach: This study employs publicly listed Indonesian firms' panel data from 2017 to 2021. The data are analyzed using the panel data approach. Findings: The results indicate that research and development positively affect firm financial performance. Originality: Research and development investment has been commonly carried out in developed countries but is still very limited in developing countries. This study focuses on the role of investment in research and development in determining the financial performance of companies in an emerging country. Practical/Policy implication: Companies should prioritize cash and risk management to enable business expansion and innovation. Government support can be provided through tax incentives, R&D assistance, financing access, and public recognition of companies with high profitability. These incentives are aimed at enhancing economic growth and corporate competitiveness.

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揭开盈利能力的秘密:研究和发展的作用

目标:制造业对新兴经济体的发展至关重要。本研究旨在探讨研发如何影响制造业企业的财务绩效。设计/方法/途径:本研究采用2017年至2021年印尼上市公司的面板数据。采用面板数据法对数据进行分析。研究发现:研究开发对企业财务绩效有正向影响。原创性:发达国家普遍进行研究和开发投资，但发展中国家的研究和开发投资仍然非常有限。本研究的重点是研究和发展投资的作用，在确定公司的财务业绩在一个新兴国家。实际/政策含义:公司应该优先考虑现金和风险管理，以实现业务扩展和创新。政府支持可以通过税收优惠、研发援助、融资渠道和公众对高盈利能力公司的认可来提供。这些激励措施旨在促进经济增长和企业竞争力。

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

Jurnal Manajemen Teori dan Terapan

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审稿时长

10 weeks