This study investigates R&D spending during the crisis under the moderating effects of leverage capability and organizational forms (multi-business firms versus stand-alone firms). To assess our hypotheses, a sample of 978 firm-year observations (221 multi-business firms) and 4154 observations (821 stand-alone firms) from the 2004 - 2009 period was used. The findings show that, despite being contrary during the stable period, leverage and R&D investment in multi-business firms have a positive relationship during the crisis. It shows that in financially uncertain environments, financial advantages - leverage capability arising from debt coinsurance play a vital part in encouraging firm innovation for multi-business firms, allowing these firms to gain competitive advantages in the race for innovation and technological advancement. In contrast, for stand-alone firm.
Tạp chí: 6th International Conference on Contemporary Issues in Economics, Management and Business, National Economics University; 23-24/12/2023, Ha Noi-Viet Nam
Tạp chí: National Conference on GIS Application 2022: GIS and Remote Sensing Applications for Environment and Resource Management 11/11/2022 - 12/11/2022 Ho Chi Minh City, Vietnam
Tạp chí khoa học Trường Đại học Cần Thơ
Lầu 4, Nhà Điều Hành, Khu II, đường 3/2, P. Xuân Khánh, Q. Ninh Kiều, TP. Cần Thơ
Điện thoại: (0292) 3 872 157; Email: tapchidhct@ctu.edu.vn
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