The impact of R&D on value added for domestic and foreign firms in a newly industrialized economy

被引:46
作者
Tsang, Eric W. K. [1 ]
Yip, Paul S. L. [2 ]
Toh, Mun Heng [3 ]
机构
[1] Univ Texas Dallas, Sch Management SM 43, Richardson, TX 75083 USA
[2] Nanyang Technol Univ, Sch Human & Social Sci, Dept Econ, Singapore 639798, Singapore
[3] Natl Univ Singapore, Fac Business Adm, Dept Business Policy, Singapore 119260, Singapore
关键词
newly industrialized economy; ownership advantage; R&D; Singapore; value added;
D O I
10.1016/j.ibusrev.2008.02.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study compares the impact of R&D on value added between domestic and foreign firms in Singapore. The analysis is based on a comprehensive panel database from 1993 to 1999 provided by the Singapore Government. Our results found that R&D investments of foreign firms generated higher value added than those of domestic firms, and that the difference in value added contributed by R&D was moderated by the type of R&D and the technological level of industry. The study supports the argument that the ownership advantages possessed by foreign firms, relative to domestic firms, have positive effects on R&D performance. (c) 2008 Elsevier Ltd. All rights reserved.
引用
收藏
页码:423 / 441
页数:19
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