1,581 research outputs found

    Government Support and R&D Investment Effectiveness in Chinese SMEs: A Complex Relationship

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    This paper investigates the combined role of innovation support policies and firm's own innovative activities on the performance of Chinese small- and medium-sized enterprises (SMEs) in high-tech sectors. By distinguishing two components of innovative activitiesresearch and development (R&D) investments and embedded innovative capacitythe paper develops and tests an integrative moderated moderation model. The results suggest that in Chinese high-tech SMEs innovation-support policies positively moderate the relationship between R&D investments and performance, but this positive effect diminishes when there are higher levels of embedded innovative capacity. These results highlight that the relationship between government innovation policies and a firm's own R&D investments is not only reciprocal but also more complex than the one so far analyzed in the literature. The results show in particular that the effects of innovation-support policies on R&D investments is not as neat as it seems, because of the internal balance within the firm between investment in R&D and other sources of innovation. Therefore, although innovation support policies have been found to help Chinese SMEs in high-tech sectors benefit from their R&D investments, these policies are particularly effective only when R&D investments are significantly driving firms' innovative activities. This highlights the relevance of both government support and a firm's own efforts in the competitive modernization of Chinese SMEs

    Making R&D efforts profitable: the role of absorptive capacity and policy implications in an emerging economy setting

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    his paper explores the influence of a firm's absorptive capacity on the profitability of one thousand ninety-six Chinese firms. In addition to extending the findings of prior studies on the positive effects of absorptive capacity on a firm's performance in the context of an emerging economy, empirical results support the main hypothesis of the positive mediating role of absorptive capacity in the relationship between R&D efforts and profitability. These effects, together with the attempt to investigate absorptive capacity outside the usual R&D context using a capability-based operationalization, will lead the discussion towards the role of public policies in enhancing the impact of a firm's internal R&D efforts through sustaining the development of their "soft" absorptive capacity with complementary investments in compensation, motivation and the development of human resources

    Hölder continuity of local minimizers of vectorial integral functional

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    We study the regularity of vector-valued local minimizers in W 1,p, p > 1, of the integral functional u → ∫ Ω [(μ2 + |Du|2)p/2 + f(x, u, |Du|)] dx, where Ω is an open set in RN and f is a continuous function, convex with respect to the last variable, such that 0 ≤ f(x, u, t) ≤ C(1 + tp). We prove that if f = f(x, t), or f = f(x, u, t) and p ≥ N, then local minimizers are locally Hölder continuous for any exponent less than 1. If f = f(x, u, t) and p < N then local minimizers are Hölder continuous for every exponent less than 1 in an open set Ω0 such that the Hausdorff dimension of Ω/Ω0 is less than N - p

    The role of absorptive capacity in Chinese firms

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    Purpose – This study aims to advance and test a multi-dimensional operationalization of absorptive capacity (ACAP) to ascertain its mediating role in the transformation of R&D expenses in actual performance. Design/methodology/approach – This study departs from the conceptualization of ACAP as a reflective higher-order R&D-based construct, by specifying ACAP into its components and using an operationalization that encompasses both R&D and non-R&D measures to perform mediation analysis on a sample of 1,096 Chinese mainland firms. Findings – This study’s findings report evidence of positive but different roles of the components of ACAP, with specific reference to the positive but partial mediating role of realized ACAP between both R&D expenses and potential ACAP on a firm’s performance. Relevant research and practical implications for both management and policymaking are discussed. Originality/value – The approach to ACAP conceptualization and measurement taken in this study provides empirical support to an often assumed and, incidentally, under-explored relationship. Moreover, it contributes with a multi-dimensional, non-exclusively R&D-based and process-oriented perspective to the analysis of the role played by ACAP in Chinese firms’ R&D effectiveness. Keywords China, Performance, Mediation, R&D, Potential absorptive capacity, Realized absorptive capacit

    Pettit, Mrs. J. R.

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    Photograph from the C.R. Savage Portrait Studio. Name associated with the photograph: Mrs. J. R. Petti
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