{"title":"研发投资与专利对拉美企业财务绩效的影响","authors":"F. Paula, Rodrigo Jorge Silva Rocha","doi":"10.1080/10978526.2020.1761258","DOIUrl":null,"url":null,"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.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2021-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2020.1761258","citationCount":"13","resultStr":"{\"title\":\"The Effect of R&D Investments and Patents on the Financial Performance of Latin American Firms\",\"authors\":\"F. Paula, Rodrigo Jorge Silva Rocha\",\"doi\":\"10.1080/10978526.2020.1761258\",\"DOIUrl\":null,\"url\":null,\"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.\",\"PeriodicalId\":35384,\"journal\":{\"name\":\"Latin American Business Review\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2021-01-02\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1080/10978526.2020.1761258\",\"citationCount\":\"13\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Latin American Business Review\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1080/10978526.2020.1761258\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"Business, Management and Accounting\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Latin American Business Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/10978526.2020.1761258","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
The Effect of R&D Investments and Patents on the Financial Performance of Latin American Firms
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.
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.