메뉴 건너뛰기




Volumn 41, Issue 1, 2013, Pages 143-155

R&D, productivity, and market value: An empirical study from high-technology firms

Author keywords

Data envelopment analysis; Intermediate outputs; Marketability efficiency; Profitability efficiency; R D value chain

Indexed keywords

CHAINS; COMMERCE; DECISION MAKING; PRODUCTION EFFICIENCY; PROFITABILITY;

EID: 84866034118     PISSN: 03050483     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.omega.2011.12.011     Document Type: Article
Times cited : (128)

References (63)
  • 1
    • 0033233933 scopus 로고    scopus 로고
    • Success in high-technology markets: is marketing capability critical?
    • Dutta S., Narasimhan O., Rajiv S. Success in high-technology markets: is marketing capability critical?. Marketing Science 1999, 18(4):547-568.
    • (1999) Marketing Science , vol.18 , Issue.4 , pp. 547-568
    • Dutta, S.1    Narasimhan, O.2    Rajiv, S.3
  • 2
    • 0036722563 scopus 로고    scopus 로고
    • Toward a theory of project interdependencies in high tech R&D environment
    • Verma D., Sinha K.K. Toward a theory of project interdependencies in high tech R&D environment. Journal of Operations Management 2002, 20:451-468.
    • (2002) Journal of Operations Management , vol.20 , pp. 451-468
    • Verma, D.1    Sinha, K.K.2
  • 3
    • 78649834523 scopus 로고    scopus 로고
    • The performance evaluation of regional R&D investments in China: an application of DEA based on the first official China economic census data
    • Zhong W., Yuan W., Li S.X., Huang Z. The performance evaluation of regional R&D investments in China: an application of DEA based on the first official China economic census data. OMEGA-International Journal of Management Science 2011, 39:447-455.
    • (2011) OMEGA-International Journal of Management Science , vol.39 , pp. 447-455
    • Zhong, W.1    Yuan, W.2    Li, S.X.3    Huang, Z.4
  • 4
    • 33646554210 scopus 로고    scopus 로고
    • R&D intensity and commercialization orientation effects on financial performance
    • Lin B.W., Lee Y., Huang S.C. R&D intensity and commercialization orientation effects on financial performance. Journal of Business Research 2006, 59:679-685.
    • (2006) Journal of Business Research , vol.59 , pp. 679-685
    • Lin, B.W.1    Lee, Y.2    Huang, S.C.3
  • 5
    • 0034391638 scopus 로고    scopus 로고
    • R&D intensity and acquisitions in high technology industries: evidence from the USA electronic and electrical equipment industries
    • Blonigen B.A., Taylor C.C. R&D intensity and acquisitions in high technology industries: evidence from the USA electronic and electrical equipment industries. The Journal of Industrial Economics 2000, 48:47-70.
    • (2000) The Journal of Industrial Economics , vol.48 , pp. 47-70
    • Blonigen, B.A.1    Taylor, C.C.2
  • 6
    • 0036844782 scopus 로고    scopus 로고
    • The innovation work environment of high tech SMEs in the USA and Canada
    • Bommer M., Halajas D. The innovation work environment of high tech SMEs in the USA and Canada. R&D Management 2000, 32:379-386.
    • (2000) R&D Management , vol.32 , pp. 379-386
    • Bommer, M.1    Halajas, D.2
  • 7
    • 0141936485 scopus 로고    scopus 로고
    • Ownership, government R&D, private R&D, and productivity in Chinese industry
    • Hu A.G.Z. Ownership, government R&D, private R&D, and productivity in Chinese industry. Journal of Comparative Economics 2001, 29:136-157.
    • (2001) Journal of Comparative Economics , vol.29 , pp. 136-157
    • Hu, A.G.Z.1
  • 8
    • 0031700351 scopus 로고    scopus 로고
    • R&D and global manufacturing performance
    • Ettlie J.E. R&D and global manufacturing performance. Management Science 1998, 44:1-11.
    • (1998) Management Science , vol.44 , pp. 1-11
    • Ettlie, J.E.1
  • 9
    • 0000217915 scopus 로고
    • Productivity, R&D, and the basic research at the firm level in the 1970s
    • Griliches Z. Productivity, R&D, and the basic research at the firm level in the 1970s. The American Economic Review 1986, 76:141-154.
    • (1986) The American Economic Review , vol.76 , pp. 141-154
    • Griliches, Z.1
  • 11
    • 56549125790 scopus 로고    scopus 로고
    • Opening the black box of efficiency analysis: an illustration with UAE banks
    • Avkiran N.K. Opening the black box of efficiency analysis: an illustration with UAE banks. OMEGA-International Journal of Management Science 2009, 37:930-941.
    • (2009) OMEGA-International Journal of Management Science , vol.37 , pp. 930-941
    • Avkiran, N.K.1
  • 12
    • 80053131521 scopus 로고    scopus 로고
    • Integrating the Data Envelopment Analysis and the Balanced Scorecard approaches for enhanced performance assessment
    • Amado C.A.F., Santos S.P., Marques M. Integrating the Data Envelopment Analysis and the Balanced Scorecard approaches for enhanced performance assessment. OMEGA-International Journal of Management Science 2012, 40:390-403.
    • (2012) OMEGA-International Journal of Management Science , vol.40 , pp. 390-403
    • Amado, C.A.F.1    Santos, S.P.2    Marques, M.3
  • 14
    • 13144250328 scopus 로고
    • The impact of human resource management practices on turnover, productivity, and corporate financial performance
    • Huselid M. The impact of human resource management practices on turnover, productivity, and corporate financial performance. Academy of Management Jounral 1995, 38:635-672.
    • (1995) Academy of Management Jounral , vol.38 , pp. 635-672
    • Huselid, M.1
  • 15
    • 17444380442 scopus 로고    scopus 로고
    • The co-evolution of capabilities and transaction costs: explaining the institutional structure of production
    • Jacobides M.G., Winter S.G. The co-evolution of capabilities and transaction costs: explaining the institutional structure of production. Strategic Management Journal 2005, 26:395-413.
    • (2005) Strategic Management Journal , vol.26 , pp. 395-413
    • Jacobides, M.G.1    Winter, S.G.2
  • 16
    • 17444418832 scopus 로고    scopus 로고
    • Industry change through vertical disintegration: how and why markets emerged in mortgage banking
    • Jacobides M.G. Industry change through vertical disintegration: how and why markets emerged in mortgage banking. Academy of Management Journal 2005, 48:465-498.
    • (2005) Academy of Management Journal , vol.48 , pp. 465-498
    • Jacobides, M.G.1
  • 19
    • 0003386574 scopus 로고    scopus 로고
    • The hollow ring of the productivity revival
    • Roach S. The hollow ring of the productivity revival. Harvard Business Review 1996, 76:81-89.
    • (1996) Harvard Business Review , vol.76 , pp. 81-89
    • Roach, S.1
  • 20
    • 0002286405 scopus 로고
    • Technological opportunity and spillovers of R&D: evidence from firms' patents profits and market value
    • Jaffe A.B. Technological opportunity and spillovers of R&D: evidence from firms' patents profits and market value. The American Economic Review 1986, 76:984-1001.
    • (1986) The American Economic Review , vol.76 , pp. 984-1001
    • Jaffe, A.B.1
  • 21
    • 0000372860 scopus 로고
    • Patent statistics as economic indicators: a survey
    • Griliches Z. Patent statistics as economic indicators: a survey. Journal of Economic Literature 1990, 27:1661-1707.
    • (1990) Journal of Economic Literature , vol.27 , pp. 1661-1707
    • Griliches, Z.1
  • 22
    • 0031285028 scopus 로고    scopus 로고
    • International diversification: effects on innovation and firm performance in product-diversified firms
    • Hitt A.M., Hoskisson R.E., Kim H. International diversification: effects on innovation and firm performance in product-diversified firms. Academy of Management Journal 1997, 40:767-798.
    • (1997) Academy of Management Journal , vol.40 , pp. 767-798
    • Hitt, A.M.1    Hoskisson, R.E.2    Kim, H.3
  • 23
    • 84989085903 scopus 로고
    • Measuring competence: exploring firm effects in pharmaceutical research
    • Henderson R., Cockburn I. Measuring competence: exploring firm effects in pharmaceutical research. Strategic Management Journal 1994, 15:63-84.
    • (1994) Strategic Management Journal , vol.15 , pp. 63-84
    • Henderson, R.1    Cockburn, I.2
  • 24
    • 0035643025 scopus 로고    scopus 로고
    • Knowledge transfers in intraorganizational networks: effects of network position and absorptive capacity on business unit innovation and performance
    • Tsai W. Knowledge transfers in intraorganizational networks: effects of network position and absorptive capacity on business unit innovation and performance. Academy of Management Journal 2001, 44:996-1004.
    • (2001) Academy of Management Journal , vol.44 , pp. 996-1004
    • Tsai, W.1
  • 25
    • 0042632439 scopus 로고    scopus 로고
    • Measuring innovative performance: is there an advantage in using multiple indicators?
    • Hagedoon J., Cloodt M. Measuring innovative performance: is there an advantage in using multiple indicators?. Research Policy 2003, 32:1365-1379.
    • (2003) Research Policy , vol.32 , pp. 1365-1379
    • Hagedoon, J.1    Cloodt, M.2
  • 27
    • 0002436283 scopus 로고    scopus 로고
    • Technology integration: turning great research into great products
    • Iansiti M., West J. Technology integration: turning great research into great products. Harvard Business Review 1997, 75:69-79.
    • (1997) Harvard Business Review , vol.75 , pp. 69-79
    • Iansiti, M.1    West, J.2
  • 28
    • 0030482026 scopus 로고    scopus 로고
    • A reprise of size and R&D
    • Cohen W., Klepper S. A reprise of size and R&D. Economic Journal 1996, 106:925-951.
    • (1996) Economic Journal , vol.106 , pp. 925-951
    • Cohen, W.1    Klepper, S.2
  • 29
    • 0002481265 scopus 로고
    • How R&D affects sales growth, productivity and profitability
    • Morbey G.K., Reithner R.M. How R&D affects sales growth, productivity and profitability. Research-Technology Management 1990, 33:11-14.
    • (1990) Research-Technology Management , vol.33 , pp. 11-14
    • Morbey, G.K.1    Reithner, R.M.2
  • 30
    • 84867948161 scopus 로고    scopus 로고
    • R&D and the growth of firms: empirical analysis of a panel of Italian firms
    • Monte A., Del, Papagni E. R&D and the growth of firms: empirical analysis of a panel of Italian firms. Research Policy 2003, 32:1003-1014.
    • (2003) Research Policy , vol.32 , pp. 1003-1014
    • Monte, A.1    Del2    Papagni, E.3
  • 31
    • 0025497236 scopus 로고
    • Determinants of financial performance: a meta-analysis
    • Capon N., Farley U.J., Hoenig S. Determinants of financial performance: a meta-analysis. Management Science 1990, 36:1143-1159.
    • (1990) Management Science , vol.36 , pp. 1143-1159
    • Capon, N.1    Farley, U.J.2    Hoenig, S.3
  • 32
    • 57749198433 scopus 로고    scopus 로고
    • R&D, knowledge spillovers and company productivity performance
    • O'Mahony M., Vecchi M. R&D, knowledge spillovers and company productivity performance. Research Policy 2009, 38:35-44.
    • (2009) Research Policy , vol.38 , pp. 35-44
    • O'Mahony, M.1    Vecchi, M.2
  • 33
    • 0001027388 scopus 로고    scopus 로고
    • Van Market share, market value and innovation in a panel of British manufacturing firms
    • Blundell R., Griffith R., Reenen J. Van Market share, market value and innovation in a panel of British manufacturing firms. Review of Economic Studies 1999, 66:529-554.
    • (1999) Review of Economic Studies , vol.66 , pp. 529-554
    • Blundell, R.1    Griffith, R.2    Reenen, J.3
  • 35
    • 44749083235 scopus 로고    scopus 로고
    • R&D intensity, value appropriation and integration patterns within organizational boundaries
    • Hashai N., Almor T. R&D intensity, value appropriation and integration patterns within organizational boundaries. Research Policy 2008, 37:1022-1034.
    • (2008) Research Policy , vol.37 , pp. 1022-1034
    • Hashai, N.1    Almor, T.2
  • 37
    • 0000080024 scopus 로고    scopus 로고
    • Do innovative activities matter to small firms in non-R&D-intensive industries? An application to export performance
    • Sterlacchini A. Do innovative activities matter to small firms in non-R&D-intensive industries? An application to export performance. Research Policy 1999, 28:819-832.
    • (1999) Research Policy , vol.28 , pp. 819-832
    • Sterlacchini, A.1
  • 38
    • 33644983462 scopus 로고    scopus 로고
    • Lessons from innovation empirical studies in the manufacturing sector: a systematic review of the literature from 1993-2003
    • Becheikh N., Landry R., Amara N. Lessons from innovation empirical studies in the manufacturing sector: a systematic review of the literature from 1993-2003. Technovation 2006, 26:644-664.
    • (2006) Technovation , vol.26 , pp. 644-664
    • Becheikh, N.1    Landry, R.2    Amara, N.3
  • 40
    • 0000720093 scopus 로고    scopus 로고
    • The impact of stocks and flows of organizational knowledge on firm performance: an empirical investigation of the biotechnology industry
    • Deeds D., DeCarolis D. The impact of stocks and flows of organizational knowledge on firm performance: an empirical investigation of the biotechnology industry. Strategic Management Journal 1999, 20:953-968.
    • (1999) Strategic Management Journal , vol.20 , pp. 953-968
    • Deeds, D.1    DeCarolis, D.2
  • 41
    • 0035611994 scopus 로고    scopus 로고
    • The patent paradox revisited: an empirical study of patenting in the US semiconductor industry, 1979-1995
    • Hall B.H., Ziedonis R.H. The patent paradox revisited: an empirical study of patenting in the US semiconductor industry, 1979-1995. Rand Journal of Economics 2001, 32:101-128.
    • (2001) Rand Journal of Economics , vol.32 , pp. 101-128
    • Hall, B.H.1    Ziedonis, R.H.2
  • 43
    • 33646544387 scopus 로고    scopus 로고
    • Knowledge, innovation and firm performance in high-and low-technology regimes
    • Thornhill S. Knowledge, innovation and firm performance in high-and low-technology regimes. Journal of Business Venturing 2006, 21:687-703.
    • (2006) Journal of Business Venturing , vol.21 , pp. 687-703
    • Thornhill, S.1
  • 45
    • 0033365646 scopus 로고    scopus 로고
    • Profitability and marketability of the top 55 U.S. commercial banks
    • Seiford L.M., Zhu J. Profitability and marketability of the top 55 U.S. commercial banks. Management Science 1999, 45:1270-1288.
    • (1999) Management Science , vol.45 , pp. 1270-1288
    • Seiford, L.M.1    Zhu, J.2
  • 46
  • 47
    • 0030305874 scopus 로고    scopus 로고
    • Productivity and intermediate products: a frontier approach
    • Färe R., Grosskopf S. Productivity and intermediate products: a frontier approach. Economics Letters 1996, 50:65-70.
    • (1996) Economics Letters , vol.50 , pp. 65-70
    • Färe, R.1    Grosskopf, S.2
  • 49
    • 25844516331 scopus 로고    scopus 로고
    • Efficiency, effectiveness and productivity of marketing in services
    • Keh H.T., Chu S., Xu J. Efficiency, effectiveness and productivity of marketing in services. European Journal of Operational Research 2006, 170:265-276.
    • (2006) European Journal of Operational Research , vol.170 , pp. 265-276
    • Keh, H.T.1    Chu, S.2    Xu, J.3
  • 50
    • 34548702436 scopus 로고    scopus 로고
    • Efficiency decomposition in two-stage data envelopment analysis: an application to non-life insurance companies in Taiwan
    • Kao C., Hwang S.N. Efficiency decomposition in two-stage data envelopment analysis: an application to non-life insurance companies in Taiwan. European Journal of Operational Reserch 2008, 185:418-429.
    • (2008) European Journal of Operational Reserch , vol.185 , pp. 418-429
    • Kao, C.1    Hwang, S.N.2
  • 52
    • 71549148377 scopus 로고    scopus 로고
    • A performance evaluation model for international tourist hotels in Taiwan: an application of the relational network DEA
    • Hsieh L.F., Lin L.H. A performance evaluation model for international tourist hotels in Taiwan: an application of the relational network DEA. International Journal of Hospital Management 2010, 29:14-24.
    • (2010) International Journal of Hospital Management , vol.29 , pp. 14-24
    • Hsieh, L.F.1    Lin, L.H.2
  • 53
    • 77952541854 scopus 로고    scopus 로고
    • Measuring performance of two-stage network structures by DEA: a review and future perspective
    • Cook W.D., Liang L., Zhu J. Measuring performance of two-stage network structures by DEA: a review and future perspective. OMEGA-International Journal of Management Science 2010, 38:423-430.
    • (2010) OMEGA-International Journal of Management Science , vol.38 , pp. 423-430
    • Cook, W.D.1    Liang, L.2    Zhu, J.3
  • 54
    • 77952545673 scopus 로고    scopus 로고
    • DEA and ranking with the network-based approach: a case of R&D performance
    • Liu J.S., Lu W.M. DEA and ranking with the network-based approach: a case of R&D performance. OMEGA-International Journal of Management Science 2010, 38:453-464.
    • (2010) OMEGA-International Journal of Management Science , vol.38 , pp. 453-464
    • Liu, J.S.1    Lu, W.M.2
  • 55
  • 56
    • 26444464341 scopus 로고    scopus 로고
    • Measuring information technology's indirect impact on firm performance
    • Chen Y., Zhu J. Measuring information technology's indirect impact on firm performance. Information Technology & Management Journal 2004, 5:9-22.
    • (2004) Information Technology & Management Journal , vol.5 , pp. 9-22
    • Chen, Y.1    Zhu, J.2
  • 58
    • 1642618644 scopus 로고    scopus 로고
    • The R&D performance in Taiwan's electronics industry: a longitudinal examination
    • Tsai K.H., Wang J.C. The R&D performance in Taiwan's electronics industry: a longitudinal examination. R&D Management 2004, 34(2):179-189.
    • (2004) R&D Management , vol.34 , Issue.2 , pp. 179-189
    • Tsai, K.H.1    Wang, J.C.2
  • 60
    • 64449086094 scopus 로고    scopus 로고
    • Competition favors the prepared firm: firms R&D responses to competitive market pressure
    • Lee C.Y. Competition favors the prepared firm: firms R&D responses to competitive market pressure. Research Policy 2009, 38:861-870.
    • (2009) Research Policy , vol.38 , pp. 861-870
    • Lee, C.Y.1
  • 61
    • 0000937212 scopus 로고
    • The stock market'svaluation of R&D investment during the 1980s
    • Hall B.H. The stock market'svaluation of R&D investment during the 1980s. American Economic Review 1993, 83:259-264.
    • (1993) American Economic Review , vol.83 , pp. 259-264
    • Hall, B.H.1
  • 62
  • 63
    • 84873041727 scopus 로고
    • Corporate restructuring: reconfiguring the firm
    • Bowman E.H., Singh H. Corporate restructuring: reconfiguring the firm. Strategic Management Journal 1993, 14:5-14.
    • (1993) Strategic Management Journal , vol.14 , pp. 5-14
    • Bowman, E.H.1    Singh, H.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.