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Full-Text Articles in Mechanical Engineering
The Relationship Of Corporate Financial Performance And Innovation Among Manufacturing Industries, Charlaine T. Chong, Samantha R. Chua, Ma. Catrina S. Dy, Antonio Miguel E. Villavicencio
The Relationship Of Corporate Financial Performance And Innovation Among Manufacturing Industries, Charlaine T. Chong, Samantha R. Chua, Ma. Catrina S. Dy, Antonio Miguel E. Villavicencio
Angelo King Institute for Economic and Business Studies (AKI)
Innovation is becoming a critical determinant of the survival and advancement of firms. Despite this realization, there is a dearth of literature that tackles the subject matter and its specific role in corporate settings remains vague. Using corporate data on East and Southeast Asian manufacturing firms from 2008 to 2013, this study aims to identify the impact of corporate financial performance on research and development (R&D) expenditure as a measure of innovation. On the whole, the researchers utilized random effects (REM) and fixed effects (FEM) models to establish the relationship between R&D and corporate performance. The researchers, then, identified the …