Economics, Econometrics and Finance
7 years ago

Regional R&D Investment Boosts New Product Development Performance in Enterprises.

Open Journal of Social Sciences
Regional R&D Investment and New Product Development Performance of Enterprises under the Background of Knowledge Activities
Hui Xu

Paper Summary

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Regional R&D investment impacts how well companies create new products. Two theories were tested using data from Chinese provinces and industrial enterprises. Results show that R&D investment in a region affects a company's new product development. Also, when other companies in the same area invest in R&D, it helps improve a company's internal R&D efficiency. Investing in human resources for R&D in a region also boosts a company's internal R&D efficiency. To improve new product development, it's suggested to increase regional R&D investment, strengthen companies as R&D leaders, and invest more in human resources for R&D.