2018
DOI: 10.3390/su10051383
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Nonlinear Effect of Financial Efficiency and Financial Competition on Heterogeneous Firm R&D: A Study on the Combined Perspective of Financial Quantity Expansion and Quality Development

Abstract: Abstract:Manufacturing firm data and district financial quantity and quality indicators for 2005-2007 combined with heterogeneous firm characteristics were used with a threshold panel to study the effect of financial inefficiency on firm R&D and the financial boundaries of efficiency improvement. The results show that: (1) extensive financial quantity expansion cannot support high innovation efficiency R&D (Research and Development) activities in private enterprises, low-and medium-technology enterprises, and … Show more

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Cited by 4 publications
(2 citation statements)
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“…However, mere intangible resources do not boost operational activities of SMEs, they must have satisfactory finance to recognize new opportunities to enhance their innovative and financial performance [79]. The efficient use of financial resources saves ventures from wastage of capital in different investment activities and enables firms to utilize the resources properly [80]. Other resources and capabilities facilitate business activities effectively.…”
Section: The Moderating Role Of Financial Resourcesmentioning
confidence: 99%
“…However, mere intangible resources do not boost operational activities of SMEs, they must have satisfactory finance to recognize new opportunities to enhance their innovative and financial performance [79]. The efficient use of financial resources saves ventures from wastage of capital in different investment activities and enables firms to utilize the resources properly [80]. Other resources and capabilities facilitate business activities effectively.…”
Section: The Moderating Role Of Financial Resourcesmentioning
confidence: 99%
“…For enterprises, to promote the sustainable development of the real economy, we need to strengthen efficiency. Low financial efficiency and low or high financial competition will reduce the R & D efficiency of the company [14]. Elena fern á nude Rodr íGuez (2019) pointed out in the study of Spanish sustainable enterprises that the tax preference provided by law to support its sustainability may make the effective tax rate of state-owned enterprises lower than that of non-state-owned enterprises [15].…”
Section: Sustainable Development Trendmentioning
confidence: 99%