2023
Impact of investment and R&D expenditures on company performance in the industry 4.0 era
ŠIMÁKOVÁ, Jana and Tomáš PRAŽÁKBasic information
Original name
Impact of investment and R&D expenditures on company performance in the industry 4.0 era
Authors
ŠIMÁKOVÁ, Jana (703 Slovakia, guarantor, belonging to the institution) and Tomáš PRAŽÁK (203 Czech Republic, belonging to the institution)
Edition
Acta Oeconomica, 2023, 0001-6373
Other information
Language
English
Type of outcome
Article in a journal
Field of Study
50200 5.2 Economics and Business
Country of publisher
Hungary
Confidentiality degree
is not subject to a state or trade secret
References:
Impact factor
Impact factor: 0.700
RIV identification code
RIV/47813059:19520/23:A0000424
Organization unit
School of Business Administration in Karvina
UT WoS
001146646900004
Keywords in English
financial performance; R&D expenditures; investments; industry 4.0; GMM
Tags
International impact, Reviewed
Changed: 27/3/2024 09:36, Ing. Tomáš Pražák, Ph.D.
Abstract
In the original language
This paper aims to evaluate the influence of investment and R&D expenditures on the performance of large companies that are headquartered in the Europe using regression analysis of the generalized method of moments. The independent control variables are GDP per capita and the interest rate represented by the yield of 10-year state bonds. The sample period is 2010–2018. Our result shows that the growth of R&D expenditures and investments negatively affected the profitability ratios of the firms in the year of implementation. While concentrating on the macroeconomic control variables, the results support an assumption about the positive effects of GDP on the majority of the net income, ROA and ROE estimates. On the other hand, negative effects of interest rates were found.