Business R&D Expenditure in the ICT Sector: Effects on Business Performance Indicators

Konferenzbeitrag

Firms in information and communication (ICT) sector are often considered as an important element of business innovation performance in the economy. This paper is focused on examining their share on innovation and total research and development (R&D) expenditure in selected European countries. Moreover, our goal is to test the potential effect of R&D expenditure on selected business performance indicators. We used panel macro-level data from 24 countries during the years 2008- 2016. Based on the results of panel regression analysis we found empirical evidence for the positive effect of R&D expenditure on value-added and apparent labour productivity in the ICT sector. This fact could be to some extent attributed to the innovation of products and processes. The highest share of business R&D expenditure in ICT is present in Nordic countries such as Island, Norway and Finland. Firms in ICT appear to be more above-average innovative and represent a significant share of total business R&D expenditure.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: In: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Rovinj, Croatia, 12-14 September 2019 ; Year: 2019 ; Pages: 519-530 ; Zagreb: IRENET - Society for Advancing Innovation and Research in Economy

Classification and Topics

• Classification: Wirtschaft ; Innovation; Research and Development; Technological Change; Intellectual Property Rights: General ; Capital Budgeting; Fixed Investment and Inventory Studies; Capacity ; Business Economics
• Subject: business R&D expenditure ; business innovation ; ICT sector ; business performance ; financial indicators

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Huňady, Ján ; Pisar, Peter ; Durcekova, Ina
• Event: Veröffentlichung
• (who): IRENET - Society for Advancing Innovation and Research in Economy
• (where): Zagreb
• (when): 2019

Further information

• Handle: http://hdl.handle.net/10419/207714
• Last update: 10.03.2025, 11:44 AM CET