Analyzing the Impact of Innovation on Firm Growth in a High-Uncertainty Environment (WITHDRAWN)

2013 ◽  
Vol 2013 (1) ◽  
pp. 13976
Author(s):  
Xu Li ◽  
Freek Vermeulen
Keyword(s):  
Firm Growth ◽  
Uncertainty Environment ◽  
The Impact ◽  
High Uncertainty

R&D DYNAMICS AND FIRM GROWTH: THE IMPORTANCE OF R&D PERSISTENCY IN THE ECONOMIC CRISIS

2019 ◽  
Vol 23 (05) ◽  
pp. 1950049
Author(s):  
HAYOUNG PARK ◽  
TAEWON KANG ◽  
JEONG-DONG LEE
Keyword(s):  
Economic Crisis ◽  
Firm Growth ◽  
Global Financial Crisis ◽  
Firm Level ◽  
Level Data ◽  
The Global Financial Crisis ◽  
The Impact ◽  
D Investment ◽  
High Uncertainty

There has been a lot of interest in R&D dynamics, including the persistency and volatility of R&D investment. However, there is a lack of empirical evidence supporting the impact of R&D dynamics on firm growth in the context of an economic crisis. This study examines the effects of R&D dynamics on firm growth during and after the global financial crisis of 2008–2009. Based on firm-level data, we construct a balanced panel for 1,137 firms in the global petrochemical industry. Our findings indicate that firms with R&D persistency show higher growth during and after the crisis, regardless of firm size. R&D persistency has a higher impact on firm growth in large firms than in smaller ones. In addition, R&D persistency has greater influence than the level of R&D investment. Firms should pursue non-cyclical and consistent R&D strategies with a long-term perspective, especially in high uncertainty conditions.

The Effect of Taxation and Corruption on Firm Growth: An Empirical Investigation for Vietnam

2016 ◽  
pp. 5-29
Author(s):  
Bich Le Thi Ngoc
Keyword(s):  
International Development ◽  
Firm Growth ◽  
Empirical Investigation ◽  
Manufacturing Firms ◽  
Economic Management ◽  
Tax Rate ◽  
Percentage Point Increase ◽  
Percentage Points ◽  
Point Increase ◽  
The Impact

The aim of this study is to analyze empirically the impact of taxation and corruption on the growth of manufacturing firms in Vietnam. The study employed pooled OLS estimation and then instrument variables with fixed effect for the panel data of 1377 firms in Vietnam from 2005 to 2011. These data were obtained from the survey of the Central Institute for Economic Management and the Danish International Development Agency. The results show that both taxation and corruption are negatively associated with firm growth measured by firm sales adjusted according to the GDP deflator. A one-percentage point increase in the bribery rate is linked with a reduction of 16,883 percentage points in firm revenue, over four and a half times bigger than the effect of a one-percentage point increase in the tax rate. From the findings of this research, the author recommends the Vietnam government to lessen taxation on firms and that there should be an urgent revolution in anti-corruption policies as well as bureaucratic improvement in Vietnam.

The Impact of Entrepreneurss Planning Profiles on Firm Growth: An Empirical Analysis

2014 ◽  
Author(s):  
Ignacio Conttn Pilart ◽  
Martin LarrazaaKintana ◽  
Victor Martin-Sanchez
Keyword(s):  
Empirical Analysis ◽  
Firm Growth ◽  
The Impact

scholarly journals Financial Inclusion and Firms Growth in Manufacturing Sector: A Threshold Regression Analysis in Selected Asean Countries

Economies ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 80
Author(s):  
Rosmah Nizam ◽  
Zulkefly Abdul Karim ◽  
Tamat Sarmidi ◽  
Aisyah Abdul Rahman
Keyword(s):  
Financial Services ◽  
Firm Growth ◽  
Manufacturing Sector ◽  
Threshold Level ◽  
Financial Inclusion ◽  
Manufacturing Firm ◽  
New Findings ◽  
Asean Countries ◽  
The Impact ◽  
Threshold Point

This paper examines the effect of financial inclusion on the firm growth of the manufacturing sector (513 firms) in selected ASEAN countries (Malaysia, Philippines, and Vietnam) using a cross-section threshold estimation technique. The levels of financial inclusion across firms were measured based on the distribution of financial services (access to credit). The main findings revealed that there is a non-monotonic effect of financial inclusion on the firm’s growth. These findings show that the impact of financial inclusion on firm growth in the manufacturing sector is significantly positive below a threshold point, and turns to significantly negative after a certain threshold point has been reached. These new findings suggest that manufacturing firm owners and banking institutions should deepen their financial inclusion efforts, and limit the distribution of credit access within the optimum value or threshold level in promoting the growth of the firm.

scholarly journals Analisis Dampak Impor Cina terhadap Kebertahanan dan Pertumbuhan Industri Tekstil dan Produk Tekstil Indonesia

2012 ◽  
Vol 13 (1) ◽  
pp. 90-108
Author(s):  
Laela Dika Wulandari
Keyword(s):  
Regression Model ◽  
Firm Growth ◽  
Positive Impact ◽  
External Factors ◽  
The Other ◽  
Probit Regression ◽  
Survival And Growth ◽  
Internal And External Factors ◽  
The Impact ◽  
Test Result

AbstractWe try to analyze the impact of Chinese Textile and Garment (T&G) imports, and the internal and external factors to the firm survival and growth of T&G industry in Indonesia, for the period study of 2002 to 2007. Probit regression model is used to analyze the impact of Chinese imports to the survival of firm, while OLS regression model is used to analyze its growth. It shows that the ability of firms' survival is influenced by the internal and external factors. The Chinese imports give positive impact to the firms' survival ability. On the other hand, firm's growth is only affected by its internal characteristics, while the impact of Chinese imports is proven not significant. The Heckman test result stated that there are no correlation between firms' ability to survive and the firm growth behavior.Keywords: Growth, Survival, Chinese Imports, Textile, Indonesian Textile and Garment IndustryAbstrakStudi ini menganalisis dampak dari penetrasi impor TPT Cina, faktor internal, serta faktor eksternal terhadap kebertahanan dan pertumbuhan perusahaan dalam industri TPT Indonesia periode tahun 2002-2007. Metode probit regression digunakan untuk mengetahui dampak impor Cina terhadap kebertahanan perusahaan, sementara regresi linear sederhana (OLS) digunakan untuk menganalisis pertumbuhannya. Ditemukan bahwa kebertahanan perusahaan dipengaruhi oleh karakteristik internal dan eksternal, serta impor Cina yang memberikan dampak positif. Sementara pertumbuhan perusahaan hanya dipengaruhi oleh faktor internal, di mana impor Cina tidak memberikan dampak signikan. Hasil pengujian Heckman menyatakan tidak ada indikasi hubungan antara kebertahanan perusahaan dengan perilaku pertumbuhannya.Kata kunci: Pertumbuhan, Kebertahanan, Impor Cina, Tekstil, Industri Tekstil dan Produk Tekstil Indonesia

scholarly journals Capital Structure and Firm Performance: Evidence from Malaysian Public Listed Plantation Companies

2021 ◽  
Vol 5 (1) ◽  
pp. 123-142
Author(s):  
Kim Foong Jee ◽  
Jia En Joanne Ngui ◽  
Pei Pei Jessica Poh ◽  
Wai Loon Chan ◽  
Yet Siang Wong
Keyword(s):  
Firm Performance ◽  
Capital Structure ◽  
Significant Relationship ◽  
Firm Growth ◽  
Control Variable ◽  
Short Term ◽  
Total Debt ◽  
And Performance ◽  
The Impact

This paper examines the relationship between capital structure and performance of firms. The study is confined to plantation sector companies in Malaysia and is based on a sample of 39 firms which listed in Bursa Malaysia for the period from 2009 to 2019. This study uses two performance measures which are ROA and ROE as the dependent variable. Besides, the capital structure measures are the short-term debt, long-term debt, total debt and firm growth, which as the independent variables. Size will be the control variable in this study. Moreover, a fixed-effect panel regression analysis has been used to analyse the impact of capital structure on firm performance. The results indicate that firm performance, which is in term of ROA, have an insignificant relationship with short-term debt (STD) and long-term debt (LTD). For the total debt (TD) and growth, there is a significant relationship with ROA. However, for the performance measured by ROE, it has an insignificant relationship with short-term debt (STD), long-term debt (LTD) and total debt (TD). Furthermore, there is a significant relationship between the growth and the performance firms from plantation sector in Malaysia.

Institutional Transformation and Changing Networking Patterns in China

2016 ◽  
Vol 12 (2) ◽  
pp. 303-331 ◽  
Author(s):  
Jianjun Zhang ◽  
Wei Zhao ◽  
Yanlong Zhang
Keyword(s):  
Firm Growth ◽  
Institutional Environment ◽  
The State ◽  
Institutional Transformation ◽  
Network Ties ◽  
Institutional Embeddedness ◽  
Network Investment ◽  
Changing Patterns ◽  
The Impact

ABSTRACTDrawing insights from the institutional embeddedness perspective, this article explores the changing patterns and significance of two types of strategic networking along with the institutional transformation in China. Using two-wave survey data on Chinese private firms, we find that after the state relaxed its control of resources the importance of networking with the state tends to decline, while ties with market actors become increasingly important. Determinants of network investment have shifted from managers’ perceived importance of different types of network ties to a firm's immediate institutional environment. Finally, the impact of networking on firm growth has also altered over time. These findings advance our understanding of the crucial role of the institutional environment in shaping firms’ networking strategies and have important theoretical and practical implications.

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