The Innovation and Financial Performance of a Company: A Study from Czech Manufacturing Industry

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F16%3APU121133" target="_blank" >RIV/00216305:26510/16:PU121133 - isvavai.cz</a>

Result on the web

<a href="http://www.transformations.khf.vu.lt/39" target="_blank" >http://www.transformations.khf.vu.lt/39</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

The Innovation and Financial Performance of a Company: A Study from Czech Manufacturing Industry

Original language description

The paper investigates the impact of innovation on the financial performance of a company. Its aim is to explore the relationship between innovation and performance of large companies in Czech manufacturing industry. The data was obtained from the Amadeus Bureau Van Dijk Electronic Publishing database and the Czech Statistical Office Database in the period of 2007 to 2014. We tested whether companies, which invest into innovation, achieve stronger financial performance and are better able to respond to an economic crisis. The results of a Mann-Whitney U test showed that the long-term financial performance of investigated companies is closely linked to their investment into innovation. Moreover, the authors of this article found that long-term innovations vary the ability of the company to succeed in the post-crisis period. The median value of companies with R&D expenditures proved an ability to regain the original value of profitability ratios ROE and ROA earlier than companies without R&D expenditures.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50602 - Public administration

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Transformations in Business&Economics

ISSN

1648-4460

e-ISSN

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Volume of the periodical

15

Issue of the periodical within the volume

3

Country of publishing house

LT - LITHUANIA

Number of pages

21

Pages from-to

156-176

UT code for WoS article

000391161100010

EID of the result in the Scopus database

2-s2.0-85010774798