Metrics

  • citations in SCIndeks: 0
  • citations in CrossRef:[3]
  • citations in Google Scholar:[]
  • visits in previous 30 days:20
  • full-text downloads in 30 days:11

Contents

article: 3 from 7  
Back back to result list
2021, vol. 5, iss. 2, pp. 19-28
The importance of research and development for innovative activity: The overview of the top countries in Europe and worldwide
aUniveristy of Niš, Serbia
bInstitute of Agricultural Economics, Belgrade, Serbia

emailivana91.ekfak@gmail.com, jovanovicmilicaa90@gmail.com, zoki@medianis.net
Keywords: research and development; R&D expenditures; patents; innovativeness
Abstract
In the conditions of economic globalization and a dynamic business environment, companies need to continuously improve and innovate their business, in order to avoid complex and fierce competition and to achieve long-term and sustainable success. Due to the intensive effect of technical and technological progress, the survival and success of the company on the market depends on the introduction of innovative changes in the company and the undertaking of research and development activities. Research and development activities are a crucial factor in generating knowledge, creating patents and innovations, as well as in the increasing of profitability in the business of modern companies. Research and development (R&D) and innovations are considered to be a cornerstone of competitive advantage. The object of this paper is to point out the vital importance that R&D has for innovativeness, i.e. for performing innovative activities at the level of European countries and worldwide.
References
Ahuja, G., Katila, R. (2001) Technological acquisitions and the innovation performance of acquiring firms: A longitudinal study. Strategic Management Journal, 22(3): 197-220
Bolton, P., Harris, C. (1999) Strategic experimentation. Econometrica, 67(2): 349-374
Bound, J., Cummins, C., Griliches, Z., Hall, B.H., Jaffe, A. (1984) Who does R&D and who patents?. in: Griliches, Z. [ed.] Patents and productivity, Chicago: University of Chicago Press, 21-54
Cardinal, L.B., Hatfield, D.E. (2000) Internal knowledge generation: The research laboratory and innovative productivity in the pharmaceutical industry. Journal of Engineering and Technology Management, 17(3-4): 247-271
Chiesa, V., Masella, C. (1996) Searching for an effective measure of R&D performance. Management Decision, 34(7): 49-57
European Patent Office (2019) Patent Index. Munich, Germany
EUROSTAT (2019) Gross domestic expenditure on R&D (GERD) as % GDP. Luxembourg, Publications Office of the European Union
Fleming, L. (2002) Finding the organizational sources of technological breakthroughs: The story of Hewlett-Packard's thermal ink-jet. Industrial and Corporate Change, 11(5): 1059-1084
García, F., Navas, J.E. (2007) Explaining and measuring success in new business: The effect of technological capabilities on firm results. Technovation, 27: 30-46
Geroski, P., Mazzucato, M. (2002) Learning and the sources of corporate growth. Industrial and Corporate Change, 11(4): 623-644
Griffith, R., Redding, S., Reenen, J.V. (2004) Mapping the two faces of R&D: Productivity growth in a panel of OECD industries. Review of Economics and Statistics, 86(4): 883-895
Griliches, Z. (1986) Productivity, R&D, and basic research at the firm level in the 1970s. American Economic Review, 76(1): 141-154
Hagedoorn, J., Duysters, G. (2002) The effect of mergers and acquisitions on the technological performance of companies in a high-tech environment. Technology Analysis & Strategic Management, 14(1): 67-85
Hall, B.H., Griliches, Z., Hausman, J.A. (1986) Patents and R and D: Is there a lag?. International Economic Review, 27(2): 265-283
Hendry, L.C. (1998) Applying world class manufacturing to make-to-order companies: Problems and solutions. International Journal of Operations & Production Management, 18(11): 1086-1100
Hill, C.W.L., Rothaermel, F.T. (2003) The performance of incumbent firms in the face of radical technological innovation. Academy of Management Review, 28(2): 257-274
Huergo, E. (2006) The role of technological management as a source of innovation: Evidence from Spanish manufacturing firms. Research Policy, 35(9), 1377-1388
Janjić, I., Rađenović, T. (2019) The importance of managing innovation in modern enterprises. Ekonomika, vol. 65, br. 3, str. 45-54
Jovanović, M., Petrović, B., Janjić, I. (2021) Key determinants of sustainable intellectual capital of enterprises. Economics of Sustainable Development, vol. 5, br. 1, str. 13-22
Katila, R., Ahuja, G. (2002) Something old, something new: A longitudinal study of search behavior and new product introduction. Academy of Management Journal, 45(6): 1183-1194
Krstić, B., Rađenović, T. (2019) Intelektualni kapital i konkurentnost - mikro i makro aspekt. Niš: Ekonomski fakultet, ISBN 978-86-6139-191-0
Laursen, K., Salter, A. (2006) Open for innovation: The role of openness in explaining innovation performance among U.K. manufacturing firms. Strategic Management Journal, 27(2): 131-150
Leonard-Barton, D. (1992) Core capabilities and core rigidities: A paradox in managing new product development. Strategic Management Journal, 13(S1): 111-125
Mansfield, E. (1980) Basic research and productivity increase in manufacturing. American Economic Review, 70(5): 863-873
Marković, M., Krstić, B., Rađenović, T. (2020) Circular economy and sustainable development. Economics of Sustainable Development, vol. 4, br. 1, str. 1-9
Mathews, J.A. (2003) Strategizing by firms in the presence of markets for resources. Industrial and Corporate Change, 12(6): 1157-1193
Nieto, M. (2001) Bases para el estudio del proceso de innovación tecnológica en la empresa. León: Universidad de León
Pakes, A., Griliches, Z.V. (1984) Patents and R&D at the firm level: A first look. in: Griliches Z.V. [ed.] R&D, patents, and productivity, Chicago: University of Chicago Press, 55-72
Petković, M., Krstić, B., Rađenović, T. (2020) Accounting-based valuation methods of intangible assets: Theorethical overview. Ekonomika, vol. 66, br. 1, str. 1-12
Romer, P.M. (1990) Endogenous technological change. Journal of Political Economy, 98(5): 71-102
Tether, B.S. (2005) The role of design in business performance: DTI think piece. University of Manchester-CRIC
Tsai, K.H. (2005) R&D productivity and firm size: A non-linear examination. Technovation, 25(7): 795-803
Wakasugi, R., Koyata, F. (1997) R&D, firm size and innovation outputs: Are Japanese firms efficient in product development?. Journal of Product Innovation Management, 14(5): 383-392
WIPO (2020) Global innovation index 2020: Who will finance innovation?. Cornel: SC Johnson College of Business
 

About

article language: English
document type: Review Paper
DOI: 10.5937/ESD2102019J
received: 15/04/2021
accepted: 12/05/2021
published in SCIndeks: 06/11/2021
Creative Commons License 4.0

Related records

No related records