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https://ah.lib.nccu.edu.tw/handle/140.119/64095
題名: | R&D Intensity, Firm Performance and the Identification of the Threshold: Fresh Evidence from the Panel Threshold Regression | 作者: | 葉明亮;朱曉萍;佘日新;邱奕嘉 Yeh, Ming-Liang;Chu, Hsiao-Ping;Peter J. Sher;Chiu, Yi-Chia |
貢獻者: | 智財所 | 日期: | 2010 | 上傳時間: | 21-Feb-2014 | 摘要: | This article tests whether there is an optimal level of research and development (R&D) intensity at which point a firm is able to maximize its performance. An advanced panel threshold regression model is employed to investigate the panel threshold effect of R&D intensity on firm performance among publicly traded Taiwan information technology and electronic firms. The results confirm that a single-threshold effect does exist and show an inverted-U correlation between R&D intensity and firm performance. This article demonstrates that it is possible to identify the definitive level beyond which a further increase in R&D expenditure does not yield proportional rewards. Some important policy implications emerge from the findings. | 關聯: | Applied Economics, 42(3), 389-401 | 資料類型: | article | DOI: | http://dx.doi.org/10.1080/00036840701604487 |
Appears in Collections: | 期刊論文 |
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