Impact of marketing and R D expenditures on financial performance: a research in manufacturing industry

Caglar, M.L.; Nisel, Rauf

doi:10.17261/pressacademia.2017.713

“…RDE improves the level of competitiveness in manufacturin g industries in Poland in the period 2009-2016 (Grzelak et al, 2018). There is a positive relationship between RDE and the financial performance of 41 companies listed at the Borsa Instabul (Caglar & Nisel, 2017). The increase in RDE improves net sales and the number of workers in Europe .…”

Section: Rde In the Private Sectormentioning

confidence: 95%

“…RDE do not improve the level of firm value in a set of companies listed on the Nigeria Stock Exchange during the period 2010-2019 (Anidebe et al, 2021). Bakhtiari & Breunig, 2018;Nurpeisova et al, 2020;Baruk, 2022;Grzelak et al, 2018;Caglar & Nisel, 2017;Barros et al, 2023;Herciu, M., &Șerban, 2018. RDE andExports Karahan, 2020;Sozen & Tufaner, 2019;Meral, 2019.…”

Section: Rde and Financementioning

confidence: 99%

The Impact of Research and Development Expenditures on Esg Model in the Global Economy

Costantiello,

Leogrande

2024

Preprint

1

0

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We estimate the value of Research and Development Expenditures as a percentage of GDP-RDE in the context of Environmental, Social and Governance-ESG model. We use the ESG World Bank database. We analyze data from193 countries in the period 2011-2020. We apply a set of econometric techniques i.e. Pooled Ordinary Least Squares-OLS, Panel Data with Random Effects, Panel Data with Fixed Effects, Weighted Least Squares-WLS. We found that the level of RDE is positively associated, among others, to “Nitrous Oxide Emissions” and “Scientific and Technical Journal Articles”, and negatively associated, among others to “Heat Index 35”, “Maximum 5-day Rainfall”. Furthermore, we perform a cluster analysis with the application of the k-Means algorithm optimized with the Elbow Method. The results show the presence of four clusters. Finally, we confront eight different machine-learning algorithms to predict the future value of RDE. We find that Linear Regression is the best predictive algorithms. RDE is expected to growth on average of 0.07% for the analysed countries.

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“…RDE improves the level of competitiveness in manufacturing industries in Poland in the period 2009-2016 [7]. There is a positive relationship between RDE and the financial performance of 41 companies listed at the Borsa Instabul [8]. The increase in 3 of 43 RDE improves net sales and the number of workers in Europe [9].…”

Section: Literature Reviewmentioning

confidence: 99%

“…References RDE and Digitalization [1], [2], [3] RDE in the Private Sector [4] , [5], [6], [7], [8], [9], [10], [11], [12] , [13] , [14] , [15], [16]…”

Section: Literature Review By Main Theme Main Themementioning

confidence: 99%

The Impact of Research and Development Expenditures on ESG Model in the Global Economy

Costantiello¹,

Leogrande²

2023

Preprint

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We estimate the value of Research and Development Expenditures as a percentage of GDP-RDE in the context of Environmental, Social and Governance-ESG model. We use the ESG World Bank database. We analyze data from193 countries in the period 2011-2020. We apply a set of econometric techniques i.e. Pooled Ordinary Least Squares-OLS, Panel Data with Random Effects, Panel Data with Fixed Effects, Weighted Least Squares-WLS. We found that the level of RDE is positively associated, among others, to “Nitrous Oxide Emissions” and “Scientific and Technical Journal Articles”, and negatively associated, among others to “Heat Index 35”, “Maximum 5-day Rainfall”. Furthermore, we perform a cluster analysis with the application of the k-Means algorithm optimized with the Elbow Method. The results show the presence of four clusters. Finally, we confront eight different machine-learning algorithms to predict the future value of RDE. We find that Linear Regression is the best predictive algorithms. RDE is expected to growth on average of 0.07% for the analysed countries.

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“…Their empirical evidence demonstrates a positive influence of R&D expenses on firms' operating earnings and net earnings in the long term. Caglar and Nisel (2017) state that marketing and R&D expenses in the manufacturing industry hurt Earnings before interest and tax (EBIT) and net earnings. Xu et al (2022) explored the effect of R&D input on the operating earnings of the wastewater companies listed on the Shanghai and Shenzen stock exchanges for the period from 2013 to 2020.…”

Section: The Link Between Randd Investments Rdi and Earningsmentioning

confidence: 99%

THE IMPACT OF R&D ACTIVITY ON THE BUSINESS PERFORMANCE OF HIGH-TECHNOLOGY COMPANIES

Janjić

¹

,

Krstić²,

Milanović³

2022

FU Econ Org

3

0

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This paper aims to examine the influence of R&D activity on the business performance of high-technology companies. In order to provide an empirical investigation of the impact of R&D activity on the business performance of high-technology companies, correlation and regression analyses have been utilized.This study discovered that investment in R&D has a positive influence on EBIT, net earnings, EBITDA, and total assets, while its influence on ROA was confirmed to be statistically significant and negative. Additionally, the influence of R&D intensity performance indicator (RDI) on ROA as a short-term financial performance indicator was not confirmed. The study revealed that return on R&D investment (RORDI) has a statistically significant and positive influence on ROA in the current, observed year.The evaluation of the obtained results can be a basis for drawing more detailed conclusions, contributing to the future R&D strategy and existing literature, and emphasizing the importance of R&D investment for various business performances.The originality of this study is reflected in the comprehensive analysis of the influence of specific indicators of R&D activity, such as RORDI, on the business performance of high-technology companies. This paper is also beneficial because none of the existing studies have explored the impact of investment in R&D on EBITDA.

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Impact of marketing and R D expenditures on financial performance: a research in manufacturing industry

Cited by 6 publications

References 41 publications

The Impact of Research and Development Expenditures on Esg Model in the Global Economy

The Impact of Research and Development Expenditures on Esg Model in the Global Economy

The Impact of Research and Development Expenditures on ESG Model in the Global Economy

THE IMPACT OF R&D ACTIVITY ON THE BUSINESS PERFORMANCE OF HIGH-TECHNOLOGY COMPANIES

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