Identifying the Effective Factors of Corporate Investment in the R & D Department
Subject Areas : مدیریتMeghdad Haji Mohammadalijahromi 1 , Soleyman Allah VirdiCalhory 2
1 - Assistant Professor, Department of Executive Management, Damavnd Branch, Isalamic Azad University, Damavand, Iran
2 - M.A., Department of Executive Management, Damavnd Branch, Isalamic Azad University, Damavand, Iran
Keywords: Research and Development (R & D), Investment decisions, market agents, tangible resources, Intangible resources ans financial factors,
Abstract :
The main objective of this paper is to investigate the factors influencing the investment of companies in the research and development sector. The factors considered in this study as independent variables include tangible resources, intangible resources, financial factors, market factors, as well as the presence of international companies in the country as an intermediary variable. The research method in this research is applied in terms of applied and descriptive-survey nature and the statistical population selected in this study is all active companies in Takestan industrial towns. The results show that market factors (intensity of competition, complexity of the environment), tangible resources (size of organization and structural capital), intangible resources (manpower, reputation and business resources), and ultimately financial factors (financial independence and profitability of the company) The title of effective factors is the key to deciding on investment in research and development. The results show that the presence of international companies in Iran after the imposition of sanctions and the elimination of sanctions as a mediating variable in terms of intensity of competition does not have a significant effect on directors' decision making on investing in research and development, but the effect of this mediator variable is Then, the impact of environmental complexity on investment decisions on research and development is meaningful.
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