ŠIMÁKOVÁ, Jana and Tomáš PRAŽÁK. Impact of investment and R&D expenditures on company performance in the industry 4.0 era. Acta Oeconomica. 2023, vol. 73, No 4, p. 561-577. ISSN 0001-6373. Available from: https://dx.doi.org/10.1556/032.2023.00044.
Other formats:   BibTeX LaTeX RIS
Basic 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
Original 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
WWW URL
RIV identification code RIV/47813059:19520/23:A0000424
Organization unit School of Business Administration in Karvina
Doi http://dx.doi.org/10.1556/032.2023.00044
UT WoS 001146646900004
Keywords in English financial performance; R&D expenditures; investments; industry 4.0; GMM
Tags International impact, Reviewed
Changed by Changed by: Ing. Tomáš Pražák, Ph.D., učo 31148. Changed: 27/3/2024 09:36.
Abstract
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.
PrintDisplayed: 6/5/2024 03:26