Detail publikace

The Innovation and Financial Performance of a Company: A Study from Czech Manufacturing Industry

BOČKOVÁ, N. ŽIŽLAVSKÝ, O.

Originální název

The Innovation and Financial Performance of a Company: A Study from Czech Manufacturing Industry

Typ

článek v časopise ve Web of Science, Jimp

Jazyk

angličtina

Originální abstrakt

The paper investigates the impact of innovation on the financial performance of a company. Its aim is to explore the relationship between innovation and performance of large companies in Czech manufacturing industry. The data was obtained from the Amadeus Bureau Van Dijk Electronic Publishing database and the Czech Statistical Office Database in the period of 2007 to 2014. We tested whether companies, which invest into innovation, achieve stronger financial performance and are better able to respond to an economic crisis. The results of a Mann-Whitney U test showed that the long-term financial performance of investigated companies is closely linked to their investment into innovation. Moreover, the authors of this article found that long-term innovations vary the ability of the company to succeed in the post-crisis period. The median value of companies with R&D expenditures proved an ability to regain the original value of profitability ratios ROE and ROA earlier than companies without R&D expenditures.

Klíčová slova

innovation, financial performance, R&D expenditures, Mann-Whitney test, Czech Republic, manufacturing industry

Autoři

BOČKOVÁ, N.; ŽIŽLAVSKÝ, O.

Vydáno

9. 12. 2016

Místo

Kaunas

ISSN

1648-4460

Periodikum

Transformations in Business&Economics

Ročník

15

Číslo

3

Stát

Litevská republika

Strany od

156

Strany do

176

Strany počet

21

URL

http://www.transformations.khf.vu.lt/39

BibTex

@article{BUT129955,
  author="Nina {Bočková} and Ondřej {Žižlavský}",
  title="The Innovation and Financial Performance of a Company: A Study from Czech Manufacturing Industry",
  journal="Transformations in Business&Economics",
  year="2016",
  volume="15",
  number="3",
  pages="156--176",
  issn="1648-4460",
  url="http://www.transformations.khf.vu.lt/39"
}