Proceedings of the 2017 3rd International Conference on Economics, Social Science, Arts, Education and Management Engineering (ESSAEME 2017)

The effect of R&D novelty and openness decision on firms' catch-up performance: Empirical evidence from China

Authors
Yuquan Zhong, Hongru Wu
Corresponding Author
Yuquan Zhong
Available Online July 2017.
DOI
10.2991/essaeme-17.2017.334How to use a DOI?
Keywords
Technological catch-up, China, Novelty Openness, R&D, Innovative performance
Abstract

This paper explores the strategic dimensions of R&D decisions toward novelty and openness in explaining the performance of latecomer firms in a developing economy. A structural equation model of R&D decision-making is formulated using survey data from 50 Chinese firms. The dimension of R&D novelty is defined as the degree of technological newness found in firms' R&D projects, while R&D openness describes the degree to which technologies are acquired from external sources. Our results indicate that firms' R&D decisions regarding novelty and openness are associated with demand opportunities, market competition, technological capability, and external networks. Greater R&D novelty contributes positively to innovative output but does not affect sales growth. Greater R&D openness contributes positively to sales growth but negatively to innovative output.

Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2017 3rd International Conference on Economics, Social Science, Arts, Education and Management Engineering (ESSAEME 2017)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
July 2017
ISBN
10.2991/essaeme-17.2017.334
ISSN
2352-5398
DOI
10.2991/essaeme-17.2017.334How to use a DOI?
Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Yuquan Zhong
AU  - Hongru Wu
PY  - 2017/07
DA  - 2017/07
TI  - The effect of R&D novelty and openness decision on firms' catch-up performance: Empirical evidence from China
BT  - Proceedings of the 2017 3rd International Conference on Economics, Social Science, Arts, Education and Management Engineering (ESSAEME 2017)
PB  - Atlantis Press
SN  - 2352-5398
UR  - https://doi.org/10.2991/essaeme-17.2017.334
DO  - 10.2991/essaeme-17.2017.334
ID  - Zhong2017/07
ER  -