Business Management Dynamics

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ISSN: 2047-7031

bmd Business and Management Dynamics bmd
ISSN: 2047-7031  
Volume  3   Issue 11  2014  
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Article Abstract
Age Matters: Disentangling the Effect of R&D Investment in the Global Chemical Products Industry
Keywords:  R&D; innovative output; firm age; firm performance
Annetta Fortune and Lois M. Shelton
This study explores the role of intervening factors on the relationship between R&D investment and firm performance in the global chemical products industry. We found mediated moderation where innovative output partially mediates the relationship between R&D investment and firm performance and firm age represents the moderator. Older firms demonstrate larger positive effects of R&D investment on innovative output and firm performance relative to younger firms. Older firms also demonstrate a stronger indirect effect of R&D investment through innovative output than younger firms.
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