R&D, Product and Process Innovation, and Firm Performance: A Case Study of the Chinese Firms
Journal Publication ResearchOnline@JCUAbstract
Alongside rapid economic growth, the Chinese economy has witnessed a notable increase in research and development (R&D) expenditure, escalating from 0.56 per cent of GDP in 1996 to 2.43 per cent in 2021. Recognising the significance of innovation in economic growth, this article utilises unique firm-level data from China for the year 2012 to investigate the influence of R&D, product innovation and process innovation on firm productivity. The findings suggest that R&D positively affects the performance of Chinese firms, as measured by either firm sales or sales per permanent full-time employee. Moreover, product innovation may have a detrimental impact on firm performance, whereas the impact of process innovation lacks robustness.
Journal
Arthaniti
Publication Name
Arthaniti
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ISBN/ISSN
2517-2654
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Pages Count
20
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Publisher
Sage
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Publish Date
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EISSN
N/A
DOI
10.1177/09767479241247615