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Regional development, innovation systems and service companies' performance

Afrifa, Godfred Adjapong, Amankwah-Amoah, J., Yamoah, Fred A., Acquaye, Adolf, Syllias, Johnny, Quaye, Enoch Nii Boi (2022) Regional development, innovation systems and service companies' performance. Technological Forecasting and Social Change, 174 . Article Number 121258. ISSN 0040-1625. (doi:10.1016/j.techfore.2021.121258) (Access to this publication is currently restricted. You may be able to access a copy if URLs are provided) (KAR id:90479)

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Official URL:
https://doi.org/10.1016/j.techfore.2021.121258

Abstract

This paper examines the impact of firm-level research and development (R&D) and country-level innovation on the relationship between geographic scope and financial performance. Using econometric estimation to analyze data from a sample of 339 United Kingdom (UK) service companies over the period from 2011 to 2017, we found a concave relationship between geographic scope and financial performance. Moreover, the results indicated that UK service companies that increase their R&D expenditure accrue a higher performance from higher geographic scope. This is because the relationship becomes convex but the foreign country’s innovation has no direct effect on UK service companies’ performance. Additional results showed that performance differences from geographic scope and the influence of firm-level R&D and country-level innovation exist between SMEs and large firms, and between private and public firms.

Item Type: Article
DOI/Identification number: 10.1016/j.techfore.2021.121258
Uncontrolled keywords: Host-country Innovation; International Trade; Performance; Service Companies
Subjects: H Social Sciences > HF Commerce > HF5351 Business
Divisions: Divisions > Kent Business School - Division > Department of Marketing, Entrepreneurship and International Business
Depositing User: Joseph Amankwah-Amoah
Date Deposited: 29 Sep 2021 20:55 UTC
Last Modified: 26 May 2022 12:59 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/90479 (The current URI for this page, for reference purposes)
Afrifa, Godfred Adjapong: https://orcid.org/0000-0003-3670-8812
Amankwah-Amoah, J.: https://orcid.org/0000-0003-0383-5831
Acquaye, Adolf: https://orcid.org/0000-0003-0430-2498
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