scholarly journals THE INFLUENCE OF THE GROWTH OF R & D EXPENSES ON RENTABILITY OF INVESTED CAPITAL IN AUTO-INDUSTRY

2019 ◽  
Vol 17 (1) ◽  
Author(s):  
Đorđe Dabetić ◽  
Jana Cvijić Rodić ◽  
Ivana Vujanić
Keyword(s):  
Research And Development ◽  
New Technologies ◽  
Auto Industry ◽  
Gross Margin ◽  
Market Prices ◽  
Software Companies ◽  
Return On Capital ◽  
Initial Hypothesis ◽  
High Level ◽  
The Impact

The uncertainty and risk posed by new, more and more comprehensive technological changes threaten the ability of innovative and intensive industries to realize the grow of return on invested capital. Automotive industry, information and software companies and pharmaceutical companies are at the forefront of the investments in R&D expensive. This reflects on the increased prudence of investors and their turn to safest industries which offer more prospective opportunities for higher profits. Therefore, the aim of this paper was to point out on the example of car companies the importance of understanding the need to maximize return on invested capital. The research carried out was based on the assumption that the race for new innovative investments slows down the profitability of the auto industry. In order to prove this hypothesis, the paper analyzes how the growth of R & D costs in the five largest car companies is maintained on the movement of the rate of return on capital, and on other business performances.The analysis included exclusively large car companies, that is, those that are the leader in the level of realized income, net profit, capital values and market prices. These companies are also leading the level of investment in research and development, which from the standpoint of the subject of this work contributed to the representativity of the research sample. The obtained results confirmed the initial hypothesis based on the assumption that a high level of R & D costs slows the profitability of the car company. This is verified by comparing the regression correlation values obtained between the observed research costs, as independent variables and the value of the realized income, gross margin, ebits margins, net margins and ROICs, as dependent variablesThe obtained results showed that the high level of ultraviation in new technologies has a positive effect on the growth of revenues, gross profit, ebits and net margins in the auto industry, but slowing the growth of profitability of this significant economic branch. An additional analysis related to determining the impact of R & D costs on the movement the rates of return on invested capital in selected pharmaceutical and information companies, which are also characteristic of large R & D investments. This comparison has confirmed that the cost of research and development investment is the most burdensome for the auto industry, as the information sector and the pharmaceutical industry, despite large investments, have relatively high returns on invested capital.

INTELLECTUAL PROPERTY PROTECTION, ENTREPRENEURSHIP, AND ECONOMIC GROWTH

1996 ◽  
Vol 04 (03) ◽  
pp. 267-285
Author(s):  
FRANCIS W. RUSHING ◽  
MARK A. THOMPSON
Keyword(s):  
Economic Growth ◽  
Intellectual Property ◽  
Research And Development ◽  
Technological Change ◽  
New Technologies ◽  
Intellectual Property Protection ◽  
Economic Literature ◽  
The Third ◽  
The Impact

This paper brings together the importance of intellectual property protection (IPP) and entrepreneurship in economic growth. The paper surveys the economic literature on what factors are important to growth. The focus is on recent models of endogenous growth which reflect on the role of investment, technological change and education. Secondly, publications, which measure the impact of IPP on some of the growth elements identified are reviewed. The third section deals with IPP and the entrepreneur as an important agent and facilitator of growth. It discusses the nature of IPP as an incentive in not only stimulating the development of new technologies and processes but also the dissemination of existing technologies. Using the surveys as background, short case studies for India and Brazil are presented on IPP as a stimulus and application of research and development. The last section summarizes the previous sections and draws some conclusions with respect to policy.

Technical Know-How for Modeling of a Geological Environment: Part 2—Geological Modeling

2010 ◽  
Author(s):  
Toshiyuki Matsuoka ◽  
Kenji Amano ◽  
Hideaki Osawa ◽  
Takeshi Semba
Keyword(s):  
Research And Development ◽  
Research Laboratory ◽  
Site Characterization ◽  
Initial Surface ◽  
Geological Environment ◽  
Know How ◽  
Environment Model ◽  
High Level ◽  
Underground Research Laboratory ◽  
The Impact

It is important for site characterization projects to manage the decision-making process with transparency and traceability and to transfer the technical know-how developed and accumulated during the research and development to the implementing phase as well as to future generations. The modeling of a geological environment supports efforts to clarify the degree of understanding regarding that geological environment, including uncertainty. Evaluation of the impact of uncertainties in a geological environment model is important to identify and prioritize key issues for further investigations. Therefore, a plan for site characterization should be made based on the results of the modeling. The aim of this study is to support the planning of initial surface-based site characterization based on the technical know-how accumulated from the Mizunami Underground Research Laboratory Project and the Horonobe Underground Research Laboratory Project. These projects are broad scientific studies of the deep geological environment that are a basis for research and development for the geological disposal of high-level radioactive wastes. In this study, the work-flow followed in developing the geological model, one of the geological environment models, and the related technical know-how acquired from literature data have been summarized.

Firm Performance: An Empirical Study of Vietnam’s Information Technology Companies

2015 ◽  
pp. 104-124
Author(s):  
Ngoc Pham Thi Bich
Keyword(s):  
Knowledge Transfer ◽  
Organizational Performance ◽  
Transfer Process ◽  
Organizational Factors ◽  
Organizational Knowledge ◽  
Company Performance ◽  
Daily Work ◽  
Software Companies ◽  
High Level ◽  
The Impact

The purpose of this paper is to contribute to the limited previous research on intra-organizational knowledge transfer, by examining the impact of particular organizational factors (IT systems, organizational culture, organizational structure and incentive systems) on the process of knowledge transfer within IT companies in Vietnam and the relationship between the knowledge transfer process and its organizational performance. A survey of 36 companies out of 200 software companies in Hanoi and Ho Chi Minh city, targeted at 900 technical staff, middle managers and top managers, was conducted. The study findings, based on a sample response rate of 24 per cent, indicated that a culture of high solidarity, adaptability and collaboration was proved to have the strongest impact on the process of knowledge transfer and company performance. It was also found that a transparent and flexible incentive system motivated individuals to exchange and utilize knowledge in their daily work, that a high level of centralization and formalization hindered the flow of knowledge, and the effect of IT tools on the knowledge transfer process remained weak. Overall, the findings of the study indicated that organizational factors and intra-organizational knowledge transfer processes have positive correlations with organizational performance.

scholarly journals Rola przemysłu w procesie kształtowania społeczeństwa informacyjnego

2009 ◽  
Vol 13 ◽  
pp. 11-20
Author(s):  
Zbigniew Zioło
Keyword(s):  
Information Society ◽  
New Technologies ◽  
Service Industry ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Complex Process ◽  
New Ideas ◽  
Valuable Product ◽  
High Level ◽  
The Impact

Modern processes of civilizational development, directed towards the formation of an information society, make knowledge an increasingly important and the most valuable product, and access to information is the basic condition for the development of all sectors of economy. In this article, I make an attempt to determine the impact of industry on the complex process of shaping of an information society. The aim was to determine the relations between the industry and the information society, and their surroundings. An important element in the formation of an information society and the development of knowledge-based economy is a high level of education at all stages, and the competences: to be able to apply the acquired knowledge, to formulate new ideas and to introduce them in the production and service industry. New technologies trigger modernization and encourage new products, which in turn contributes to quality changes in the society, and to raising the society’s culture.

scholarly journals Applying science as a tool for dairy farmers

2005 ◽  
pp. 61-66 ◽  
Author(s):  
J. Savage ◽  
C. Lewis
Keyword(s):  
Management Practices ◽  
New Technologies ◽  
Dairy Farm ◽  
Gross Margin ◽  
Dairy Farmers ◽  
Dairy Systems ◽  
Operating Strategies ◽  
Gross Margins ◽  
On Farm ◽  
The Impact

Dairy Systems Monitoring (DSM) was developed out of response from dairy farmers for a benchmarking tool that made fair and equitable comparisons between farms. This benchmarking system is used by the clients to improve their productivity and profitability. The dairy farm simulation model UDDER is used to simulate the farm system. The input information is milk production from fencepost, and monthly data from the farm, including, areas, stock numbers, supplements, crops and nitrogen (N). The model is then calibrated to simulate the farms production, revised and validated monthly. There has been a successful uptake of this program. Currently 50 farms are involved. Dairy Systems Monitoring has generated change in the systems of participating farmers. Dairy Systems Monitoring has proven to be an effective tool to demonstrate the impact of a range of new technologies on farm systems. The tool is used on an ongoing basis to simulate and compare different operating strategies. It has the ability for clients to compare themselves to simular farms. A key benchmark that is analysed is the feed harvested. For every additional 1 tonne of dry matter (DM) harvested, the gross margin (GM) increases by $339/ha. The question this poses for participants is "how do we harvest more pasture"? Is it by growing more pasture, or improving management to harvest more of the existing pasture growth? Dairy Systems Monitoring is an effective extension tool to highlight the impact of new technologies or management practices on the client's farm program. Keywords: benchmarking, dairy farm programmes, feed harvested, gross margins, UDDER model

scholarly journals Digitalization Development as Factor Causing Changes in Taxation Administration

2021 ◽  
Vol 18 (1) ◽  
pp. 5-13
Author(s):  
V. I. Bratcev ◽  
A. M. Grishanova
Keyword(s):  
Russian Federation ◽  
New Technologies ◽  
Tax Administration ◽  
System Transformation ◽  
Digital Platform ◽  
Software Products ◽  
The Russian Federation ◽  
High Level ◽  
The Impact ◽  
Tax Regulation

The article demonstrates the key lines in digital transformation of Russian taxation bodies aimed at ensuring the development of tax regulating methods. Managing changes in the field of digital economy requires designing and adopting regulatory decisions, which could eliminate barriers and create favorable conditions for the development of this field and cut risks connected with broad application of new technologies. In order to perform their principle functions, including those providing a high level of cash receipts to the budget system of the Russian Federation in conditions of economy digitalization tax bodies today shall develop their own digital platform, around which the ecosystem for taxpayers will be formed. The authors researched the impact of the economy digitalization process on transforming the approach to tax regulation, the focus of which is turning the system of tax bodies into the adaptive digital platform. Key indicators of the digital technology sector of the Russian Federation were studied and opportunities of the sector’s impact on tax regulation were identified. On this basis the authors showed the necessity to upgrade software products of tax bodies, which are used within the frames of tax administration. The interconnection of forms and lines of digitalization with processes of institutional changes in tax regulation was described. Among key findings of the research it is necessary to highlight substantiation of the tax system transformation under the influence of speeding-up development of digital technologies and elaboration of practical recommendations aimed at upgrading the tax administration mechanism by introducing automated multifunctional consolidating analytical tools.

scholarly journals Research and development on climate change and greenhouse gases in support of climate-smart livestock production and a vibrant industry

2015 ◽  
Vol 44 (5) ◽  
pp. 1-7
Author(s):  
MM Scholtz ◽  
HC Schönfeldt ◽  
FWC Neser ◽  
GM Schutte
Keyword(s):  
Climate Change ◽  
Global Warming ◽  
Research And Development ◽  
Greenhouse Gases ◽  
Production Efficiency ◽  
New Technologies ◽  
Livestock Production ◽  
Continuous Increase ◽  
Food And Nutrition ◽  
The Impact

Climate change represents a feedback-loop in which livestock production both contributes to the problem and suffers from the consequences. The impact of global warming and continued, uncontrolled release of greenhouse gasses (GHG) has twofold implications for the livestock industry, and consequently food security. Firstly, the continuous increase in ambient temperature is predicted to have a direct effect on the animal, as well as on food and nutrition security, due to changes associated with temperature itself, relative humidity, rainfall distribution in time and space, altered disease distribution, changes in the ecosystem and biome composition. Secondly, the responsibility of livestock production is to limit the release of greenhouse gases (GHG) or the carbon footprint, in order to ensure future sustainability. This can be done by implementing new or adapted climate-smart production systems, the use of known and new technologies to turn waste into assets, and by promoting sustainable human diets with low environmental impacts. The following elements, which are related to livestock production and climate change, are discussed in this paper: (1) restoring the value of grasslands/rangelands, (2) pastoral risk management and decision support systems, (3) improved production efficiency, (4) global warming and sustainable livestock production, (5) the disentanglement between food and nutritional needs, focusing on nutrient rich core foods, (6) GHG from livestock and carbon sequestration, and (7) water and waste management. No single organization (or industry) within South Africa can perform this research and the implementation thereof on its own. The establishment of a (virtual) centre of excellence in climate-smart livestock production and the environment for the livestock industries, with the objective to share research expertise and information, build capacity and conduct research and development studies, should be a priority.Keywords: Food and nutrition, global warming, production efficiency, rangeland, water, waste

Iran’s WTO accession and the auto industry

2014 ◽  
Vol 10 (4) ◽  
pp. 239-246
Author(s):  
Nahid Kalbasi Anaraki
Keyword(s):  
Regulatory System ◽  
Auto Industry ◽  
International Markets ◽  
Infant Industry ◽  
Wto Accession ◽  
Tariff Rates ◽  
Industry Policy ◽  
High Level ◽  
High Degree ◽  
The Impact

Iran’s auto industry faces with severe challenges in the post globalization era since it has enjoyed a high degree of protectionism for more than decades now. Infant industry policy beside the international sanctions has paralyzed the industry, limiting the ability of Iranian products to compete in the international markets, creating adverse selection for consumers in the domestic market.WTO’s accession requires a sharp reduction in tariff rates whereas Iran’s auto industry has been subject to a high level of protection. To investigate the impact of WTO accession on the auto industry this paper tries casts light not only on the quantitative effects of reducing tariff rates on imports and domestic production through econometric models, but also highlights the inconsistencies of Iran’s regulatory system with GATT articles.

scholarly journals Is there a moderate range of impact of financialization on corporate R&D?

PLoS ONE ◽  
2021 ◽  
Vol 16 (6) ◽  
pp. e0253380
Author(s):  
Zhenghui Li ◽  
Yan Wang
Keyword(s):  
Research And Development ◽  
Threshold Effect ◽  
Real Economy ◽  
Promoting Effect ◽  
Dynamic Relationship ◽  
High Level ◽  
Moderate Range ◽  
Threshold Regression Model ◽  
The Impact ◽  
Positive Effect

How to promote corporate research and development is a particularly important issue under the background of the economy being diverted out of the real economy. By selecting samples of 1221 Chinese A-share non-financial listed companies from 2010 to 2019, this paper examines the impact of financialization on research and development through the panel threshold regression model. Then, the moderate range of the impact of financialization on corporate research and development is measured, as well as their heterogeneity is also analyzed. The research shows the following results: first, there is a dynamic relationship and moderate range between financialization and corporate research and development. Financialization has a positive effect on corporate research and development when the level of financialization exceeds 0.4748. Secondly, from further heterogeneous research, financialization has a threshold effect on research and development among enterprises with a high level of research and development. In addition, there is a promoting effect on corporate research and development only when their financialization level exceeds 0.0097 in enterprises with a high level of research and development. Therefore, in order to promote corporate research and development, financialization of non-financial enterprises should make adjustment and regulation according to the action and direction of moderate range.

scholarly journals The Impact of R&D Expenditure upon the Efficiency of M&A Deals with Hi-Tech Companies

2021 ◽  
Vol 15 (1) ◽  
pp. 31-38
Author(s):  
Elena Ochirova ◽  
Yury Dranev
Keyword(s):  
Regression Analysis ◽  
Mergers And Acquisitions ◽  
Research And Development ◽  
Digital Technologies ◽  
Competitive Advantages ◽  
Dea Method ◽  
Merger And Acquisitions ◽  
High Level ◽  
The Impact ◽  
Ict Companies

The motives behind merger and acquisitions (M&A) are often linked with the opportunities to obtain knowledge and technologies in order to enhance the competitive advantages of companies. In particular, the acquisition of digital technologies through mergers and acquisitions with ICT companies is especially relevant. However, the efficiency of such deals is often low and calls into question the implementation of digitalization strategies of companies. In this study we employ an approach for assessing the efficiency of M&A deals with ICT companies by using the DEA method. Applying regression analysis, it was found that the high level of research and development expenses of acquirers can negatively impact the efficiency of the M&A deals with ICT companies.

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