R&D COOPERATION, FINANCIAL CONSTRAINT AND INNOVATION PERFORMANCE
This study investigates whether, and with whom, R&D cooperation can alleviate the adverse influence of financial constraint on firms' innovation performance. Specifically, three different types of R&D cooperation are considered in the study: cooperation with suppliers, with customers an...
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Veröffentlicht in: | Interciencia 2017-06, Vol.42 (6), p.355 |
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description | This study investigates whether, and with whom, R&D cooperation can alleviate the adverse influence of financial constraint on firms' innovation performance. Specifically, three different types of R&D cooperation are considered in the study: cooperation with suppliers, with customers and with research institutes. Using the data of manufacturing firms from the Chinese Enterprise Survey, we find that R&D cooperation can effectively improve innovation performance when firms are facing financial constraints. Furthermore, we find that R&D cooperation with customers is more effective than cooperation with suppliers and research institutes in mitigating the negative effect of financial constraint on new product development, while R&D cooperation with suppliers is more effective than cooperation with customers and research institutes in improving technological processes. Overall, our findings provide direct evidence that R&D cooperation can be an effective strategy to improve innovation performance when firms face financial constraints. |
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Specifically, three different types of R&D cooperation are considered in the study: cooperation with suppliers, with customers and with research institutes. Using the data of manufacturing firms from the Chinese Enterprise Survey, we find that R&D cooperation can effectively improve innovation performance when firms are facing financial constraints. Furthermore, we find that R&D cooperation with customers is more effective than cooperation with suppliers and research institutes in mitigating the negative effect of financial constraint on new product development, while R&D cooperation with suppliers is more effective than cooperation with customers and research institutes in improving technological processes. Overall, our findings provide direct evidence that R&D cooperation can be an effective strategy to improve innovation performance when firms face financial constraints.]]></description><identifier>ISSN: 0378-1844</identifier><identifier>EISSN: 2244-7776</identifier><language>eng</language><publisher>Caracas: Interciencia</publisher><subject>Cooperation ; Customers ; Economic conditions ; Economic forecasts ; Economic indicators ; Innovations ; Product development ; R&D ; Research & development ; Research facilities ; Statistical data ; Suppliers</subject><ispartof>Interciencia, 2017-06, Vol.42 (6), p.355</ispartof><rights>Copyright Interciencia Jun 2017</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784</link.rule.ids></links><search><creatorcontrib>Rufei, Ma</creatorcontrib><creatorcontrib>Hao, Ding</creatorcontrib><creatorcontrib>Pengxiang, Zhai</creatorcontrib><title>R&D COOPERATION, FINANCIAL CONSTRAINT AND INNOVATION PERFORMANCE</title><title>Interciencia</title><description><![CDATA[This study investigates whether, and with whom, R&D cooperation can alleviate the adverse influence of financial constraint on firms' innovation performance. 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PERFORMANCE</atitle><jtitle>Interciencia</jtitle><date>2017-06-01</date><risdate>2017</risdate><volume>42</volume><issue>6</issue><spage>355</spage><pages>355-</pages><issn>0378-1844</issn><eissn>2244-7776</eissn><abstract><![CDATA[This study investigates whether, and with whom, R&D cooperation can alleviate the adverse influence of financial constraint on firms' innovation performance. Specifically, three different types of R&D cooperation are considered in the study: cooperation with suppliers, with customers and with research institutes. Using the data of manufacturing firms from the Chinese Enterprise Survey, we find that R&D cooperation can effectively improve innovation performance when firms are facing financial constraints. Furthermore, we find that R&D cooperation with customers is more effective than cooperation with suppliers and research institutes in mitigating the negative effect of financial constraint on new product development, while R&D cooperation with suppliers is more effective than cooperation with customers and research institutes in improving technological processes. Overall, our findings provide direct evidence that R&D cooperation can be an effective strategy to improve innovation performance when firms face financial constraints.]]></abstract><cop>Caracas</cop><pub>Interciencia</pub></addata></record> |
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subjects | Cooperation Customers Economic conditions Economic forecasts Economic indicators Innovations Product development R&D Research & development Research facilities Statistical data Suppliers |
title | R&D COOPERATION, FINANCIAL CONSTRAINT AND INNOVATION PERFORMANCE |
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