Anwar, Sajid, and Sun, Sizhong (2024) R&D, Product and Process Innovation, and Firm Performance: A Case Study of the Chinese Firms. Arthaniti. (In Press)

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Abstract

Alongside rapid economic growth, the Chinese economy has witnessed a notable increase in research and development (R&D) expenditure, escalating from 0.56 per cent of GDP in 1996 to 2.43 per cent in 2021. Recognising the significance of innovation in economic growth, this article utilises unique firm-level data from China for the year 2012 to investigate the influence of R&D, product innovation and process innovation on firm productivity. The findings suggest that R&D positively affects the performance of Chinese firms, as measured by either firm sales or sales per permanent full-time employee. Moreover, product innovation may have a detrimental impact on firm performance, whereas the impact of process innovation lacks robustness.

Item ID:	86645
Item Type:	Article (Research - C1)
ISSN:	2517-2654
Keywords:	Process innovation, product innovation, research and development, firm performance,China
Copyright Information:	Open Access, CC BY-NC.
Date Deposited:	13 Aug 2025 02:51
FoR Codes:	38 ECONOMICS > 3801 Applied economics > 380109 Industry economics and industrial organisation @ 100%
SEO Codes:	15 ECONOMIC FRAMEWORK > 1505 Microeconomics > 150510 Production @ 100%
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