Pengaruh Investasi R&D terhadap Kinerja Perusahaan: Analisis Perusahaan Sektor Industri Farmasi & Bioteknologi Global Top 2500
The increasingly competitive era of global competition has resulted in companies having to have a competitive advantage on their competitors in order to continue surviving in the market by improving their company performance. This competitive advantage can be obtained by utilizing technological advances through Research & Development (R&D) activities. This study aims analyze and estimate the effect of R&D investment on company performance, which is divided into financial and market performance of the company. This study uses panel data from 144 Pharmaceutical & Biotechnology companies listed in the Global Top 2500 Scoreboard during 2016- 2020 regressed using Fixed Effect Model (FEM) method. The results of the study show that there is a time lag in the effect of R&D investment on company performance where in the short term, R&D expenditure significantly decreases company performance (profit and net sales) and does not significantly affect the company market performance (market capitalization) while in the long term, R&D expenditure significantly affects the improvement of company’s financial and market performance.Ada Tabel
Call Number | Location | Available |
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13379 | PSB lt.2 - Karya Akhir | 1 |
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