APJIS Asia Pacific Journal of Information Systems


The Journal for Information Professionals

Asia Pacific Journal of Information Systems (APJIS), a Scopus and ABDC indexed journal, is a
flagship journal of the information systems (IS) field in the Asia Pacific region.

ISSN 2288-5404 (Print) / ISSN 2288-6818 (Online)

Editor : Seung Hyun Kim

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Current Issue

Date March 2015
Vol. No. Vol. 25 No. 1
DOI http://dx.doi.org/10.14329/apjis.2015.25.1.061
Page 61~81
Title The Roles and Characteristics of R&D Investment in the IT Firms: IT Hardware Firms vs. IT Software Firms
Author Myunggun Lee, Jongpil Park, Woojin Park
Keyword R&D Investment, Tobin’s Q, Firm Performance, IT Firms, Hardware Firm, Software Firm
Abstract Investment in research and development (R&D) is critical in the information technology (IT) firms, newer and better technology is a quintessential goal that directly affects innovation and competitive advantage. This study investigates how R&D investment influences firm performance and value, and how the effect of R&D investment differs between IT hardware and software firms. We also analyze the relationship between firm age and R&D investment in order to identify learning effects on continuous R&D investment. The empirical investigation in this study, based on longitudinal archival data from 2001 to 2010, found a significant effect of R&D investment on firm performance in IT firms. Further, this study demonstrates causal relationship between firm age, and verifies that learning effects are present in R&D investment. Moreover, the results are found to differ between IT hardware and IT software firms.

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