Logo
Munich Personal RePEc Archive

Financial Performance and Innovation: Evidence from United States 1998 - 2023

Kruglov, Panteleimon (2024): Financial Performance and Innovation: Evidence from United States 1998 - 2023.

Warning
There is a more recent version of this item available.
[thumbnail of MPRA_paper_120404.pdf]
Preview
PDF
MPRA_paper_120404.pdf

Download (375kB) | Preview

Abstract

This study explores the relationship between R&D intensity, as a measure of innovation, and financial performance among S&P 500 companies over 100 quarters from 1998 to 2023, including multiple crisis periods. It challenges the conventional wisdom that larger companies are more prone to innovate, using a comprehensive dataset across various industries. The analysis reveals diverse associations between innovation and key financial indicators such as firm size, assets, EBITDA, and tangibility. Our findings underscore the importance of innovation in enhancing firm competitiveness and market positioning, highlighting the effectiveness of countercyclical innovation policies. This research contributes to the debate on the role of R&D investments in driving firm value, offering new insights for both academic and policy discussions.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.