J 2023

Impact of investment and R&D expenditures on company performance in the industry 4.0 era

ŠIMÁKOVÁ, Jana and Tomáš PRAŽÁK

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

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50200 5.2 Economics and Business

Country of publisher

Hungary

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

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
Změněno: 27/3/2024 09:36, Ing. Tomáš Pražák, Ph.D.

Abstract

V originále

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.
Displayed: 24/12/2024 14:26