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

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50602 - Public administration

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název periodika

Transformations in Business&Economics

ISSN

1648-4460

e-ISSN

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Svazek periodika

15

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

LT - Litevská republika

Počet stran výsledku

21

Strana od-do

156-176

Kód UT WoS článku

000391161100010

EID výsledku v databázi Scopus

2-s2.0-85010774798