References
- 1. Abdal, A., Torres-Freire, C. E., Callil, V. (2016), “Rethinking sectoral typologies: A classification of activity according to knowledge and technological intensity”, RAI Revista de Administração e Inovação, Vol. 13 No. 4, pp. 232-241.10.1016/j.rai.2016.09.006
- 2. Agramunt, L. F., Berbel-Pineda, J. M. (2018), “The positive moderating effect of absorptive capacity on R&D investment: The case of Argentina's ICT firms”, Annals of the Brazilian Academy of Sciences, Vol. 90 No. 3, pp. 3207-3221.10.1590/0001-3765201820171036
- 3. Akcali, B. Y., Sismanoglu, E. (2015), “Innovation and the effect of research and development (R&D) expenditure on growth in some developing and developed countries”, Procedia – Social and Behavioral Sciences, Vol. 195, pp. 768-775.10.1016/j.sbspro.2015.06.474
- 4. Álvarez, R. (2016), “The impact of R&D and ICT investment on innovation and productivity in Chilean firms”, Working paper wp428, University of Chile, Department of Economics, September 2016.10.18235/0000326
- 5. Apergis, N., Sorros, J. (2014), “The role of R&D expenses for profitability: Evidence from U.S. Fossil and renewable energy firms”, International Journal of Economics and Finance, Vol. 6 No. 3, pp. 8-15.10.5539/ijef.v6n3p8
- 6. Ayaydin, H., Karaaslan, I. (2014), “The effect of research and development investment on firms’ financial performance: Evidence from manufacturing firms in Turkey”, The Journal of Knowledge Economy & Knowledge Management, Vol. IX, pp. 23-39.
- 7. Babkin, A. V., Lipatnikov, V. S., Muraveva, S. V. (2015), “Assessing the impact of innovation strategies and R&D costs on the performance of IT companies”, Procedia – Social and Behavioral Sciences, Vol. 207, pp. 749-758.10.1016/j.sbspro.2015.10.153
- 8. Blanco, L., Gu, J., Prieger, J. E. (2015), “The impact of research and development on economic growth and productivity in the U. S. States”, Southern Economic Journal, Vol. 82 No. 3, pp. 914-934.10.1002/soej.12107
- 9. Canarella, G., Miller, S. M. (2018), “The determinants of growth in the U.S. information and communication technology (ICT) industry: A firm-level analysis”, Economic Modelling, Vol. 70, pp. 259-271.10.1016/j.econmod.2017.11.011
- 10. Czarnitzki, D., Thorwarth, S. (2012), “Productivity effects of basic research in low-tech and high-tech industries”, Research Policy, Vol. 41 No. 9, pp. 1555-1564.10.1016/j.respol.2012.04.009
- 11. Edquist, H., Henrekson, M. (2017), “Swedish lessons: How important are ICT and R&D to economic growth?”, Structural Change and Economic Dynamics, Vol. 42, pp. 1-12.10.1016/j.strueco.2017.05.004
- 12. Estrada, I., Dong, J. Q. (2020), “Learning from experience? Technological investments and the impact of coopetition experience on firm profitability”, Long Range Planning, Vol. 53 No 1. Article 101866.
- 13. Falk, M. (2007), “R&D spending in the high-tech sector and economic growth”, Research in Economics, Vol. 61, pp. 140-147.10.1016/j.rie.2007.05.002
- 14. Freihat, A. R., Kanakriyah, R. (2017), “Impact of R&D expenditure on financial performance: Jordanian evidence”, European Journal of Business and Management, Vol. 9 No. 32, pp. 73-83.
- 15. Gumus, E., Celikay, F. (2015), “R&D expenditure and economic growth: New empirical evidence”, Margin – The Journal of Applied Economic Research, Vol. 9 No. 3, pp. 205-217.10.1177/0973801015579753
- 16. Hall, B. H., Lotti, F., Mairesse, J. (2013), “Evidence on the impact of R&D and ICT investments on innovation and productivity in Italian firms”, Economics of Innovation and New Technology, Vol. 22 No. 3, pp. 300-328.10.1080/10438599.2012.708134
- 17. Hanna, N. K. (2009), Enabling Enterprise Transformation, Springer, New York.10.1007/978-1-4419-1508-5
- 18. Hong, J. (2016), “Causal relationship between ICT R&D investment and economic growth in Korea”, Technological Forecasting and Social Change, Vol. 116, pp. 70-75.10.1016/j.techfore.2016.11.005
- 19. Huňady, J., Orviská, M. (2014), “The impact of research and development expenditures on innovation performance and economic growth of the country – the empirical evidence”, in Hájek, P., Mumanachit, P. (Eds.), CBU International Conference – Innovation, Technology Transfer and Education (Vol. 2), 3-5 February, Central Bohemia University, o.p.s., Prague, pp. 119-125.10.12955/cbup.v2.454
- 20. Karahan, Ö. (2015), “Intensity of business enterprise R&D expenditure and high-tech specification in European manufacturing sector”, Procedia – Social and Behavioral Sciences, Vol. 195, pp. 806-813.10.1016/j.sbspro.2015.06.180
- 21. Khanna, R., Sharma, Ch. (2018), “Testing the effect of investments in IT and R&D on labour productivity: New method and evidence for Indian firms”, Economic Letters, Vol. 173, pp. 30-34.10.1016/j.econlet.2018.09.003
- 22. Koutroumpis, P., Leiponen, A., Thomas, L. D. W. (2020), “Small is big in ICT: The impact of R&D on productivity”, Telecommunications Policy, Vol. 44 No. 1, Aricle 101833.
- 23. Lee, H. S., Mun, H. W., Lee, S.-Y. (2018), “Profitability determinants of information technology software companies in Malaysia”, Advanced Science Letters, Vol. 24 No. 2, pp. 1514-1518.10.1166/asl.2018.10781
- 24. Lindmark, S., Turlea, G., Ulbrich, M. (2010), “Business R&D in the ICT sector: Examining the European ICT R&D deficit”, Science and Public Policy, Vol. 37 No. 6, pp. 413-428.10.3152/030234210X508624
- 25. Manjón, J. V. G., Mompó, R., Redoli, J. (2016), “Accelerating Innovation in small and medium-sized enterprises in the ICT services sector”, SAGE Open, Vol. 6 No. 3, pp. 1-9.
- 26. Martin, L., Nguyen-Thi, T. U. (2015), “The relationship between innovation and productivity based on R&D and ICT use”, Revue Économique, Vol. 66 No. 6, pp. 1105-1130.10.3917/reco.pr2.0048
- 27. Mithas, S., Tafti, A., Bardhan, I., Goh, J. M. (2012), “Information technology and firm profitability: Mechanisms and empirical evidence”, MIS Quarterly, Vol. 36 No. 1, pp. 205-224.10.2307/41410414
- 28. Mohnen, P., Polder, M., van Leeuwen, G. (2018), “ICT, R&D and organizational innovation: Exploring complementarities in investment and production”, Working Paper 25044, National Bureau of Economic Research, Cambridge, 2018.10.3386/w25044
- 29. Monge-González, R., Hewitt, J. (2010), “Innovation, R&D and productivity in the Costa Rican ICT sector: A case study”, IDB Working paper series No. IDB-WP-189, Inter-American Development Bank, June 2010.
- 30. Nekrep, A., Strašek, S., Boršič, D. (2018), “Productivity and economic growth in the European Union: Impact of investment in research and development”, Naše gospodarstvo/Our Economy, Vol. 64 No. 1, pp. 18-27.10.2478/ngoe-2018-0003
- 31. Park, E., Kim, K. J., Kwon, S. J., Ohm, J. Y., Del Pobil, A. P., & Yoo, K. (2016). “Determinants for the success of regional ICT ventures: a close examination of South Korea.”, SpringerPlus, No. 5, 1039, (2016). 2016, pp.1-8.
- 32. Park, J. H., Lee, B., Moon, Y. H., Kim, G., Kwon, L. N. (2018), “Relation of R&D expense to turnover and number of listed companies in all industrial fields”, Journal of Open Innovation: Technology, Market and Complexity, Vol. 4 No. 1, pp. 1-15.10.1186/s40852-018-0093-4
- 33. Pieri, F., Vecchi, M., Venturini, F. (2018), “Modelling the joint impact of R&D and ICT on productivity: A frontier analysis approach”, Research Policy, Vol. 47 No. 9, pp. 1842-1852.10.1016/j.respol.2018.06.013
- 34. Sandu, S., Ciocanel, B. (2014), “Impact of R&D and innovation of High-tech Export”, Procedia Economics and Finance, Vol. 15 pp. 80-90.
- 35. Schröder, Ch. (2012), “Differences between high growth and low growth ICT firms in Germany”, In Welfens, P. J. J. (Ed.), Clusters in Automotive and Information & Communication Technology: Innovation, Multinationalization and Networking Dynamics, Springer, Berlin, pp. 135-183.10.1007/978-3-642-25816-9_5
- 36. Sepehrdoust, H. (2018), “Impact of information and communication technology and financial development on the economic growth of OPEC developing economies”, Kasetsart Journal of Social Sciences, Advance online publication.10.1016/j.kjss.2018.01.008
- 37. Shen, K.-Y., Yan, M.-R., Tzeng, G.-H. (2017), “Exploring R&D influences on financial performance for business sustainability considering dual profitability objectives”, Sustainability, Vol. 9 No. 11, pp. 1-21.10.3390/su9111964
- 38. Stejskal, J., Hajek, P., Prokop, V. (2018), “Collaboration and innovation models in information and communication creative industries – the case of Germany”, Journal of Information and Communication Technology, Vol. 17 No. 2, pp. 191-208.10.32890/jict2018.17.2.2
- 39. Tolica, E. K., Sevrani, K., Gorica, K. (2015), Information Society Development Through ICT Market Strategies, Springer, Cham.
- 40. Tsang, E. W. K., Yip, P. S. L., Toh, M. H. (2008), “The impact of R&D on value-added for domestic and foreign firms in a newly industrialized economy”, International Business Review, Vol. 17, pp. 423-441.10.1016/j.ibusrev.2008.02.005
- 41. Turlea, G., Nepelski, D., De Prato, G., Simon, J.P., Sabadash, A., Stancik, J., Szewczyk, W., Desruelle, P., Bogdanowicz, M. (2009), The 2009 Report on R&D in ICT in the European Union, The Office for Official Publications of the European Communities, Luxembourg.
- 42. VanderPal, G. A. (2015), “Impact of R&D expenses and corporate financial performance”, Journal of Accounting and Finance, Vol. 15 No. 7, pp. 135-149.
- 43. Wang, D. H.-M., Yu, T. H.-K., Liu, H.-Q. (2013), “Heterogeneous effect of high-tech industrial R&D spending on economic growth”, Journal of Business Research, Vol. 66 No. 10, pp. 1990-1993.10.1016/j.jbusres.2013.02.023
- 44. Warusawitharana, M. (2015), “Research and development, profits and firm value: A structural estimation”, Quantitative Economics, Vol. 6, pp. 531-565.10.3982/QE282
- 45. Wei, Y. H. D., Liegner, I., Miao, Ch.-H. (2011), “Network configurations and R&D activities of the ICT industry in Suzhou municipality, China”, Geoforum, Vol. 42 No. 6, pp. 484-495.