内部研发对企业绩效和能源消耗的影响——来自埃塞俄比亚企业的证据

IF 4.2 Q2 MANAGEMENT
Tsegaye Mulugeta Habtewold
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引用次数: 5

摘要

近几十年来,随着知识经济和科学的快速发展,各国都热衷于技术创新,并逐渐加大了对研究与开发的投入。大量文献表明,研发与企业绩效之间的关系非常复杂。有证据表明,研发对公司绩效有积极影响,但对这一过程的研究结果却参差不齐。需要对研发投资如何影响能源消耗进行严格的分析。本文采用固定效应、倾向得分匹配和内源性治疗效应估计相结合的方法,探讨了研发投资对埃塞俄比亚476家企业绩效和能源消耗的影响。实证结果表明,研发投入对创新和长期财务绩效均有正向影响,但对短期财务绩效和能源消耗有负向影响。研究结果还表明,研发活动的影响在不同类别的公司之间存在显著差异,证实了异质性可能是所考虑的公司之间的一个问题。研究结果还表明,在研发投资与企业绩效之间的关系中,信贷的可获得性是比法律制度更重要的调节因素。这些结果对研发业务不断增长的公司,特别是埃塞俄比亚等发展中国家的公司具有重要意义。埃塞俄比亚公司应更多地投资于研发活动,例如基础研究和应用研究,以改善业绩和提高竞争力。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Impacts of internal R&D on firms’ performance and energy consumption: Evidence from Ethiopian firms

In recent decades, with the rapid development of the knowledge economy and science, countries have embraced technical innovation and have gradually increased investment in research and development (R&D). A vast literature indicates that the relationship between R&D and firm performance is highly complex. The evidence suggests that R&D positively influences firm performance, yet findings on the process by which this happens are mixed. Rigorous analyses are required on how R&D investments affect energy consumption. This study explores the impact of R&D investment on the performance and energy consumption of 476 firms in Ethiopia by employing a combination of fixed-effect, propensity score matching, and endogenous treatment effect estimation methods. The empirical results reveal that investment in R&D positively influences both innovation and long-term financial performance but negatively impacts short-term financial performance and energy consumption. The results also show that the impacts of R&D activities vary significantly across different categories of firms, confirming that heterogeneity may be an issue among the firms considered. The results also indicate that the availability of credit is a more important moderating factor in the relationship between R&D investment and firm performance than the legal system is. These results have important implications for firms with growing R&D operations, especially those in developing countries such as Ethiopia. Ethiopian firms should invest more in R&D activities, such as in fundamental and applied research, to improve performance and enhance competitiveness.

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来源期刊
International Journal of Innovation Studies
International Journal of Innovation Studies Business, Management and Accounting-Strategy and Management
CiteScore
8.10
自引率
0.00%
发文量
23
审稿时长
19 weeks
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