The Roles and Characteristics of R&D Investment in the IT Firms: IT Hardware Firms vs. IT Software Firms

Title
The Roles and Characteristics of R&D Investment in the IT Firms: IT Hardware Firms vs. IT Software Firms
Author(s)
이명건박종필[박종필]박우진[박우진]
Keywords
R&D Investment; Tobin’s Q; Firm Performance; IT Firms; Hardware Firm; Software Firm
Issue Date
201503
Publisher
한국경영정보학회
Citation
Asia Pacific Journal of Information Systems, v.25, no.1, pp.61 - 81
Abstract
Investment in research and development (R&D) is critical in the information technology (IT) firms, where newer and better technology is a quintessential goal that directly affects innovation and competitive advantage. This study investigates how R&D investment influences firm performance and value, and how the effect of R&D investment differs between IT hardware and software firms. We also analyze the relationship between firm age and R&D investment in order to identify learning effects on continuous R&D investment. The empirical investigation in this study, based on longitudinal archival data from 2001 to 2010, found a significant effect of R&D investment on firm performance in IT firms. Further, this study demonstrates causal relationship between firm age, and verifies that learning effects are present in R&D investment. Moreover, the results are found to differ between IT hardware and IT software firms.
URI
http://hdl.handle.net/YU.REPOSITORY/32950http://dx.doi.org/10.14329/apjis.2015.25.1.061
ISSN
2288-5404
Appears in Collections:
경영대학 > 회계세무학과 > Articles
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